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Deyaar Awards Construction Contract Of ’The Atria’ To Al Rostamani Pegel
(4 March 2015)

 

Deyaar Development PJSC, a customer-focused, trusted and valued developer with in-depth market intelligence and property management expertise, has awarded the contract to Al Rostamani Pegel LLC (ARP) for the construction of its luxury mixed-use twin tower complex ‘The Atria’ located in the Business Bay area.

Following the enabling works, Al Rostamani Pegel will mobilise the principal contractor. As part of the contract, all main works on the project are set to be completed by H1 2017.

Al Rostamani Pegel is a leading player in the UAE construction industry noted for completing several multipurpose high rise buildings, hotels, hospitals, and industrial facilities in Dubai and the wider UAE.

Saeed Al Qatami, Chief Executive Officer at Deyaar, said: “We have chosen Al Rostamani Pegel from a list of leading contractors in the UAE based on our trust in its highly qualified team, and the value the team can add to our overall customer experience. The move reiterates our commitment towards our shareholders and customers to safeguard their interests that remain at the core of our business strategy.”

Dr. Kassem Rahal, General Manager of Al Rostamani Pegel (ARP), said: “It will be a great privilege to work with Deyaar and their experienced team for such a prestigious project.  We are grateful for the faith and trust that Deyaar has placed in ARP to contribute towards meeting their long term business focus and strategy and to maintain their leading position in the real estate development market.  We are fully committed to deliver the project within the completion date and to the quality standards expected by Deyaar’s stakeholders.”

The Atria will feature a wide range of state-of-the-art eco-friendly technologies such as low energy consumption LED lighting, energy efficient electrical and plant control systems, and an energy efficient air-conditioning system. Condensate water from the air-conditioning equipment will also be utilised in the development’s irrigation system. As added protection, cutting edge technologies integrated into the auto fire detection and protection systems will be interconnected to the round the clock direct alarm system of the Dubai Civil Defence.

The Atria marks Deyaar’s foray into the hospitality sector, and will span an area of 1.25 million sq ft featuring serviced apartments and residential units. The interior design of the mixed-use project was conceptualised by UK-based interior designers, yoo Studio. The hotel apartment tower will feature studios, one, two and three-bedroom apartments and three bedroom duplex units across a 30-floor complex. Offering panoramic views of the Burj Khalifa, Business Bay Canal and the Dubai Stables, the hotel apartment tower will include a five-star spa, gym, infinity pool on the 25th floor, as well as fine dining restaurants.

Deyaar’s decision to develop hospitality offerings follows a call by Dubai’s leadership for greater investment in developing realty solutions to serve the ever-increasing tourist footfall to the emirate. The project complements a chain of developments in the Business Bay area, including recently delivered ‘The Burlington’, and ‘Fairview Residency’.

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