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EDARA charges AED 1.5 billion for ‘SkyCourts’

- January 8, 2007, 12:04 pm

EDARA LLC has been commissioned to Project Manage the first National Bonds real estate project ‘SkyCourts’ in Dubai.

SkyCourts is an affordable, yet upscale, freehold residential community in the heart of Dubailand Residence Complex, the emirate’s upcoming leisure, tourism and entertainment destination. The AED 1.5 billion development will offer over 2,300 apartments across six unique towers. Apartments will range in size from studios to two-bedroom units. All apartments were sold out in 6 days to bondholders, much earlier than planned.

EDARA will provide project management services throughout the scheme design and construction phases to handover, which has announced the project completion date to be around in the first half of 2009.

Phill Edmondson, the general manger at EDARA, said, ‘Our aim is to become the preferred provider of project management services in the region. We have the talent and experience to add significant value to any development. Therefore, we are extremely proud to be involved in the building of the SkyCourts project, which contributes to His Highness Sheikh Mohammed Bin Rashid Al Maktoum’s vision for Dubai and the country.’

EDARA has, in recent years, managed projects ranging from individual villas to large residential and leisure developments, commercial real estate, high rise, low rise and a racetrack delivered to FIA and FIM standards within the Clients time constraints.

SkyCourts is strategically located to overlook the luxurious ‘The Villa’ project and a number of other Dubai landmarks and will be easily accessible from key arterial roads including the Al Ain Road and Emirates Road. Residents will also have access to world-class recreational and leisure amenities including health clubs and swimming pools, rooftop gardens and cafes, shops and free parking.

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