Contractors submit proposals for Dubai Properties framework agreements

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. 

Related Posts
Circular economy reshapes business strategies in the UAE
Organisations in the UAE are beginning to see the value in adopting closed-loop resource systems Key takeaways: Governments and organisations are beginning to recognise the multi-trillion-dollar business value of circular economy ...
READ MORE
Kuwait positive on PPP prospects
In addition to key utilities projects, KAPP is also planning to develop real estate public-private partnerships As other regional governments launch ambitious public-private partnership (PPP) initiatives, Kuwait is celebrating the 10-year ...
READ MORE
Real estate poised for data centres boom
Characterised by positive yields in the current market, data centres are becoming an attractive investment prospect in the Middle East real estate sector Quickly emerging as a new subsector in the ...
READ MORE
Live Broadcast: Renegotiating construction contracts
The second Mashreq Construction Club Connect Series webinar will discuss the options for contractors and suppliers whose clients want to renegotiate construction contracts The impact of the coronavirus (Covid-19) pandemic on the ...
READ MORE
The Tower at Dubai Creek Harbour
Beijing-based China State Construction Engineering Corporation is the frontrunner for the contract to build the world’s tallest man-made structure in Dubai. Local developer Emaar received bids from two groups for the ...
READ MORE
States deliberate on stranded South Asian workers
The UAE's offer to repatriate expatriates has not been taken up by India Discussions are under way to repatriate foreign workers, including Indian and Pakistani nationals, from the UAE as the ...
READ MORE
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 ...
READ MORE
CONNECT SERIES: A new model for hospitality
  On 23 May, Abu Dhabi’s Department of Culture issued guidelines to hotels in the emirate for the reopening of restaurants, bars, beaches, pools and gyms. The announcement marked the start of ...
READ MORE
Balancing real estate supply and demand in Abu Dhabi
Real estate players in Abu Dhabi emphasise the need to balance Abu Dhabi’s property sector to ensure long-term sustainability This article is the third in a series that captures key highlights ...
READ MORE
Think tank calls for action to boost retail resilience
Mall owners and retailers recommend actions for a more sustainable and resilient retail sector in the UAE Download your copy of the white paper here The UAE Retail and Malls Think Tank ...
READ MORE
Circular economy reshapes business strategies in the UAE
Kuwait positive on PPP prospects
Real estate poised for data centres boom
Live Broadcast: Renegotiating construction contracts
Chinese in front to build world’s tallest tower
States deliberate on stranded South Asian workers
Sustainability shapes Ras al-Khaimah real estate
CONNECT SERIES: A new model for hospitality
Balancing real estate supply and demand in Abu
Think tank calls for action to boost retail
17 January, 2018 | .By COLIN FOREMAN