Nakheel this week broke ground on Dragon Towers, its AED 713 million twin-building residential project at the rapidly-expanding Dragon City mixed-use community.
The ground-breaking ceremony comes a month after the developer awarded a contract for AED 552 million to UAE-based Ali Mousa & Sons Contracting to build the project – the first residential component at Dragon City and the only high-rise in the area. It is due for completion in 2021.
Dragon Towers, which went on sale last month with prices starting at AED449,000, is connected by a covered bridge to the Dragon Mart souq and its 5,000 shops, restaurants and attractions.
The project comprises two 37-storey buildings, each with 571 one- and two-bedroom apartments. There are also two floors of retail space, four parking levels and a sixth-floor podium level clubhouse with a 25-metre swimming pool, children’s pool, restaurant, gym and tennis court.
Dragon Towers is a key component of Dragon City, which currently comprises sister malls Dragon Mart 1 and 2 and an ibis Styles hotel. A new showroom and car park complex and a Premier Inn hotel are in advanced stages of construction, with further expansions in the pipeline.