by GCC News
Dubai-based property developer Seven Tides has signed a $3.2-billion agreement with the Philippines’ Revolution Precrafted to build condominium units and hotel villas on an artificial island in The World Islands in Dubai.
The project will be built on an island named after Coronation Island in Alaska, which boasts an area of 2.4 million square meters. Revolution Precrafted will build and supply two to three-bedroom prefabricated condominium apartments and hotel villas.
Robbie Antonio, the founder of Revolution Precrafted, said: “We are proud and excited to partner with one of the best property developers not only in Dubai but in the world. We will manufacture sophisticated, design-driven pre-crafted condominium apartments and hotel villas, consistent with the kind of luxurious structures the public have come to expect from us and Seven Tides.”
Seven Tides CEO Abdulla Bin Sulayem said, “The luxurious look and feel of the condominium apartments and hotel villas will further elevate the status and image of the World Islands as the playground for the most affluent, and privileged residents from Dubai and beyond.”
Revolution Precrafted aims to sign projects in at least 20 countries this year. The start-up’s deal with Seven Tides is its first massive property project abroad, as its previous agreements included residential communities based in the Philippines.