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Dubai Holding Asset Management has started construction work on its Lantana Hills residential development and awarded the AED 680 million construction contract to Group AMANA. The announcement was made through the Dubai Media Office. The project is part of the company’s premium community development plans in Dubai as demand for high-end housing continues to grow across the emirate. Dubai’s residential market has remained active over the past few years, supported by population growth, strong investor interest, and large-scale infrastructure expansion. Developers across the city have continued to launch new residential communities to meet rising demand in both luxury and mid-segment housing markets.
Dubai Holding Asset Management has begun construction work on the Lantana Hills residential project in Dubai and awarded the AED 680 million construction contract to Group AMANA, according to information shared by the Dubai Media Office. Advertisement
The development is being positioned as a premium residential community and forms part of Dubai Holding Asset Management’s broader expansion in the city’s real estate sector. The company has been actively focusing on mixed-use and residential developments across Dubai amid continued demand for new housing projects.
Group AMANA, which secured the construction contract for the project, has been involved in several industrial, commercial and residential developments across the UAE and the wider Gulf region. The company has previously worked on large-scale infrastructure and construction projects, particularly in fast-track developments and sustainable construction segments.
Dubai’s residential market has continued to witness strong activity over the past few years, supported by foreign investment, population growth and demand from end-users as well as international buyers. Developers in the emirate have increasingly focused on premium gated communities and integrated residential projects with lifestyle and retail offerings.
The latest project announcement also comes as major developers in Dubai continue to expand their land banks and launch new communities to cater to rising demand in suburban and emerging residential corridors. Industry reports over recent quarters have shown steady growth in property transactions and sustained interest in villa and townhouse communities across the city.
Dubai Holding Asset Management is part of Dubai Holding and manages several residential, retail and commercial assets across Dubai. The company has been involved in multiple community developments and asset management projects aimed at strengthening long-term urban infrastructure and real estate growth in the emirate.
Source Reuters
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