DIFC awards $816.9mn DIFC Heights Tower construction contract

DIFC awards DIFC Heights Tower construction contract
Image credits: WAM | Cropped by GBN
By Shilpa Annie Joseph, Sr. Content Head
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Dubai International Financial Centre (DIFC) has awarded the main construction contract for DIFC Heights Tower, an $816.9 million (AED3 billion) gross development value mixed-use project located within Gate District, to Al Basti & Muktha (ABM).

The contract award represents a key milestone as DIFC continues to expand its commercial and residential footprint.

Located on the final remaining plot within DIFC’s original land bank, DIFC Heights Tower will deliver 366 luxury residences, premium commercial office space, and retail and dining offerings, with completion targeted for 2029.

The appointment underscores DIFC’s ongoing expansion as one of the world’s leading financial and lifestyle destinations, reflecting its commitment to meeting rising demand for premium mixed-use developments in the heart of Dubai.

The project is expected to enhance the district’s integrated live-work-play environment by adding high-quality residential offerings alongside its established commercial, retail, and leisure ecosystem, further strengthening DIFC’s appeal to global businesses, investors, and professionals.

With the main construction contract now in place, DIFC Heights Tower remains on schedule for completion, underscoring DIFC’s disciplined approach to project delivery and execution. The milestone reflects the center’s confidence in the project’s development program and its commitment to delivering a landmark mixed-use destination that will support the district’s continued growth.

A top-level executive meeting was held with Arif Amiri, Chief Executive Officer, DIFC Authority, in the presence of Tushar Pathak, Chairman, Al Basti & Muktha LLC, to mark the award of the main construction contract, followed by a group photograph featuring senior representatives from DIFC and Al Basti & Muktha LLC.

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