Contractors submit proposals for Dubai Properties framework agreements

17 January, 2018 | By COLIN FOREMAN

Dubai Properties has received proposals from contractors for framework agreements that will cover construction work on the local developers’ upcoming projects.

The proposed framework agreements will be used for a wide range of projects that vary in scale and include apartment buildings, villas, hotels and infrastructure.

Once a pool of firms has been selected, Dubai Properties will then select companies to work on individual projects when needed.

Consultants across a variety of disciplines are also signing up to framework agreements with Dubai Properties.

According to regional projects tracker MEED Projects, Dubai Properties has $230m of projects in the pre-execution phase together with $1.8bn of projects that are on hold and could be revived. The developer has $4.2bn of projects in the execution phase. Major projects Dubai Properties has developed in the past include Business Bay, Culture Village and Jumeirah Beach Residence.

The move to establish a framework agreement with contractors is a departure from the traditional method of tendering used by most developers in Dubai and highlights the growing risks that developers face when procuring construction services.

The supply chain has struggled with severe cash flow constraints due to late payment and certification in recent years and some firms are now unable to deliver projects.

Outlook for Dubai Real Estate

Experts at the Real Estate Forum analysed trends disrupting the property market in the coming year Despite the multitude of challenges that have faced the market in recent years, Dubai’s real ...

Shortages in high-end real estate loom for Dubai

Concerns surrounding oversupply are taking a backseat as growing buyer demand coupled with rising interest rates poses a new set of challenges for premium property in Dubai Dubai’s premium market ...

Pandemic quickens construction job cuts

The Covid-19 pandemic is accelerating lay-offs amid a low-oil price environment, but some employers are seeking alternatives Lay-off and redundancy activity has accelerated in the Middle East’s construction sector as it contends with ...

Expo move should coincide with real estate revival

Postponing the event to 2021 will give the construction sector time to complete projects The postponement of Expo 2020 Dubai will allow the construction sector to complete projects and should coincide ...

Workforce shortages could hamper GCC tourism growth

Governments need to invest in developing local talent and deploy innovative strategies to create a competitive tourist sector, says Mashreq Bank The GCC’s tourism sector could face a shortfall ...

Ras al-Khaimah real estate counters growing pains

Ras al-Khaimah is all set to enter a new era of development, but with it comes capacity challenges to meet its real estate and leisure sector objectives This article is the ...

Case Study: Palm Jumeirah- Redefining real estate development

Completed in 2008, Palm Jumeirah stands out as one of Dubai’s most iconic real estate developments. The palm-shaped archipelago stretches over 560 hectares of reclaimed land and is now home ...

Watch: The continuing evolution of GCC real estate

Zain Qureshi, Global head of real estate finance and advisory at Mashreq comments on the advancements in the sector Regional impetus The GCC real estate sector is experiencing sustained growth, driven by ...

The fight ahead for Dubai’s retail sector

Mall owners will not only be threatened by e-commerce, they also risk losing business to other malls Dubai has never been a place for shirking a challenge and its decision to ...

Sustainability shapes Ras al-Khaimah real estate

The emirate’s growing real estate sector can benefit from leveraging sustainable practices from the outset This article is the fourth in a series that captures key highlights from the RAK Real ...