ETA Star awards AED 50 million worth of contracts for various projects

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ETA Star, the property development arm of the ETA Ascon Group, one of the largest business conglomerates in the Middle East, has awarded over UAE Dirham, 50 million worth of contracts enabling foundation works for various tower projects during the last six months.

ETA Star is in the process of launching two high-profile projects in Dubai, both located at Salahuddin Road, catering to the city’s growing commercial and hospitality needs. While the contract for the office building was awarded to Arabian Forasol, the International Foundation bagged the contract for the hotel apartment project. The Goldcrest Executive and Goldcrest Views-2 contracts were awarded to Dutch Foundation.

Abid A. Junaid, Executive Director, ETA Star, said, “ETA Star is focused on ensuring that all its projects maintain remarkably high standards, and lays particular emphasis on the foundation work that precedes actual construction. The award of each contract followed a detailed evaluation process, where all aspects from the unique requirements of specific projects to the core expertise of various bidding companies were considered.”

“ETA Star has been steadily consolidating its position as a leading property developer in the Middle East, with an array of exciting large-scale projects under construction in Dubai. While each one of these projects will have unique features that distinguish it from the others, the quality of construction is uniformly the same,” Junaid added.

Spread over half a million square feet of built-up area, ETA Star’s Goldcrest Executive is a 39-storey structure that comprises office space and residential apartments. Complete with a sprawling food court, world-class facilities and a shopping arena of its own, Goldcrest Executive is surrounded by water bodies, verdant greens and lush landscaping. Goldcrest Views - 2, on the other hand, is a 38-storey tower which offers spectacular lakeside view from the apartments.

ETA Star Property Developers LLC is the property development arm of the ETA-Ascon Group. The company’s prime objective is to harness the growing commercial opportunity in Dubai's freehold market.

Developments over 4 million square feet of built-up area are already underway and many more are planned over the coming months. ETA Star’s portfolio currently includes prestigious commercial and residential properties such as 23 Marina, Liberty House, Goldcrest Executive, Goldcrest Views - 2, The Belvedere and The Palladium. In addition, ETA Star is developing commercial and hospitality projects at the DIC/DMC complex, Palm Jumeirah Crescent, Port Saeed, Salahuddin Road and other prime locations in the U.A.E.

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