Ishraqah for Development, the Dubai-based property developer, confirmed on Monday it has awarded an AED687 million contract to Arabtec Construction for the Onyx Towers project in Dubai, news agency WAM reported.
Onyx Towers is a multi-purpose freehold development located on Sheikh Zayed Road, next to Emaar Business Park.
The project, which will be built on a 22,000 sq m plot of land with a total built-up area of 202,800 sq m, includes a 16-storey and 25-storey tower with amenities, office and retail space, as well as a 14-storey, 4-star hotel, with 10 suites and 200 rooms.
such a project would cost between 900M to 1B !!