Meraas awards $123mln contract for City Walk's new housing project
The project is the latest addition to City Walk, a lifestyle destination in Dubai, and is scheduled to be handed over in the third quarter of 2027, the company said in a statement.
Tower A and Tower B will have 23 and 20 floors, respectively, offering a mix of 212 apartments and townhouses.
The Central Park Plaza is the final addition to Central Park at City Walk and the most premium phase of apartments, the statement said.
Residents will have access to a wide range of amenities such as swimming pools and water play areas, a children's play area, a running track, a dog park, tennis and squash courts, an outdoor gym and fitness station, a spa and sauna, yoga and meditation areas, as well as dining outlets and retail stores.
In May 2025, Meraas awarded a construction contract valued at AED 300 million for Elara, Phase 7 of the Madinat Jumeirah Living master plan.
In the same month, the company awarded a construction contract worth over AED 690 million to local firm Bhatia General Contracting Co. for the fourth phase of the Nad Al Sheba Gardens villa community.
This month, the developer launched the Jumeirah Residences Emirates Towers, which will house 754 branded residences.
(Writing by P Deol; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
3 hours ago
- Khaleej Times
UAE's Fujairah marine fuel sales hit three-month high in July
Sales of marine bunker fuel at the UAE port of Fujairah rebounded in July after a slump in June to their highest in three months, Fujairah Oil Industry Zone data showed. July sales totalled 640,715 cubic metres (about 635,000 metric tonnes), up 13.8 per cent from June, based on FOIZ data published by SP Global Commodity Insights. The stronger volumes were led by a boost in high-sulphur marine fuel sales, which soared to their highest since January 2024, climbing 28.4 per cent from June to 205,597 cubic metres in July. A wider price difference between low-sulphur fuel oil and high-sulphur fuel oil likely drove more sales of the high-sulphur variety in July. The front-month hi-5 price spread, which reflects the premium of low-sulphur over high-sulphur fuel oil, hit a six-month high of over $95 a ton near mid-July, LSEG data showed. Meanwhile, low-sulphur marine fuel sales, including low-sulphur fuel oils and marine gasoils, rose 8.0 per cent to 435,118 cubic metres. The market share of high-sulphur bunkers widened to 32 per cent in July, while low-sulphur bunkers narrowed to 68 per cent.
Khaleej Times
3 hours ago
- Khaleej Times
Nakheel awards Dh2.6b contract to develop Bay Villas community at Dubai Islands
Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth Dh2.6 billion to Fibrex Contracting for the construction of the Bay Villas project at Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest waterfront community development. Building on Nakheel's existing relationship with Fibrex Contracting, which included collaborative work on the District One West community in Mohammed Bin Rashid Al Maktoum City (MBRAMC), Bay Villas will feature a range of exclusive residences, including Townhouses, Semi-detached Villas, Garden Villas, Waterfront Villas and Beachfront Villas. Residents will also enjoy access to premium amenities, including three pool houses, a beach club, landscaped parks and more. Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: 'Our partnership with Fibrex Contracting marks a key milestone for Bay Villas, a landmark project that underscores our commitment to shaping Dubai's future through elevated spaces that residents can proudly call home. This development delivers on our vision of designing waterfront communities that prioritise wellbeing, luxury and privacy, all while offering residents an opportunity to enjoy the best of island living.' Positioned at prime locations along a promenade with exclusive beach access, the three-storey Beachfront Villas will feature six bedrooms, a show kitchen, a spacious rooftop lounge and terrace, and a dedicated dining space. Developed on expansive plots, the Waterfront Villas will enjoy panoramic vistas, while the Garden Villas will offer a peaceful escape amidst verdant, natural surroundings. The Semi-detached Villas are designed to deliver a contemporary community experience, while the Townhouses will be set within four- to six-home complexes with private gardens. Overlooking the Arabian Gulf, the Bay Villas development utilises traditional design elements, such as wooden finishes and arabesque detailing, reflecting Dubai's heritage while maximising natural light. Residents will enjoy a premium resort lifestyle, with a central park, swimming pools, sports facilities, children's playgrounds and lush green corridors that connect directly to the waterfront, with parks for walking, jogging and relaxation. Sufyan S. Saleh, Group Managing Director, Fibrex Contracting, said: 'Fibrex Contracting is proud to work with Dubai Holding Real Estate, the region's most distinguished and visionary developer, known for their exceptional track record in delivering iconic projects. This time, we are honoured to extend our successful collaboration to the prestigious Bay Villas project at Dubai Islands. As one of the UAE's leading construction groups, we are committed to delivering this flagship development on time, while adhering to the highest industry standards. Through advanced construction technologies, specialised in-house capabilities and our trusted supply chain network, we are well-equipped to bring this waterfront community to life.' Developed in line with the Dubai 2040 Urban Master Plan, Dubai Islands is a premium destination that spans five islands across 18.6 square kilometres. It includes approximately 59 kilometres of exclusive waterfront, over 20 kilometres of beaches, and extensive open spaces, along with parks, golf courses, promenades and cycling paths. Situated near Downtown Dubai and Dubai International Airport, it is within easy reach of world-class hotels, retail, dining, and entertainment venues.
Khaleej Times
3 hours ago
- Khaleej Times
Dubai: Housing support packages for Emiratis at Dh1.725 billion in H1
The Mohammed Bin Rashid Housing Establishment (MBRHE) has delivered more than Dh1.725 billion worth of housing support packages to 3,027 beneficiaries in the first half of 2025. The figure highlights MBRHE's continuous efforts and steadfast dedication to strengthening family stability and improving the overall quality of life for Emirati citizens. The housing support packages comprise 1,390 housing schemes worth Dh1.184 billion, aimed at assisting citizens in building, maintaining, and purchasing homes. In addition, 935 housing grants totalling Dh40.3 million have been allocated to support requests for home construction, maintenance, and ownership. The packages also include 695 land grants, provided as part of an integrated system designed to help citizens secure suitable homes. The packages were delivered in line with the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the guidance of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai. 'We are committed to translating the noble directives into tangible results by innovating a flexible and comprehensive housing system based on efficiency and service quality, contributing to higher levels of family and social stability," said Mohammed Hassan Al Shehhi, acting CEO of MBRHE. Al Shehhi further emphasised that all such efforts are in alignment with the Dubai 2040 Urban Master Plan and the Dubai Social Agenda 33, which aim to position Dubai as a global leader in quality of life through an advanced and sustainable housing ecosystem.
