UAE - Mubasher: Deyaar Development has appointed Gulf Asia Contracting, the construction vertical of RP Group, as a contractor to develop an AED 750 million skyscraper, Regalia, in Business Bay.
Set to be completed in 2024, the 70-storey luxury skyscraper will be the tallest residential project developed by Deyaar, according to a press release on Monday.
The project features recreational, social, and wellness amenities, residents’ lounge, and a business centre.
The Vice President – Projects and Commercial, Khalid Ababneh, said: "With Expo 2020 Dubai set to begin next month, the real estate market will go from strength to strength as we continue to deliver value to Dubai’s residents and the wider business community."
Meanwhile, the Country Head of RP Group, Vinod Gopinathan Pillai, commented: "This contract is a milestone for us. We are now fully geared up to get mobilized on site and ready to deliver this iconic project on time."