Marsa Bay Towers — Dubai
Marsa Holding · Delta Peninsula Construction · Arcadia Consult · Gulf Union Bank (demo data)
Contract value
AED 412.00M
Lump sum · FIDIC Yellow Book 2017
Bank exposure
AED 288.00M
AED 201.30M disbursed
Claimed vs verified
61.2% / 60.1%
Engineer certified 60.4%
Schedule variance
-2%
Completion 2027-04-30
Claimed vs verified vs planned progress
AI-assisted — Professional Engineer approval required. Figures are model-generated from submitted evidence and are not certified until an engineer signs off.
Contract particulars
- Contract type
- Lump sum
- Form of contract
- FIDIC Yellow Book 2017
- Commencement
- 2023-08-10
- Contractual completion
- 2027-04-30
- Retention
- 5%
- Defect Liability Period
- 12 months
- Units
- 610
- Advance recovery
- 10%, pro-rata from IPC-004
- Variations approved
- 3 (AED 1.42M)