Meraas awards $540mn construction contract for Design Quarter at d3
Industry News Meraas awards $540mn construction contract for Design Quarter at d3
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d3 is home to creative brands, designers, studios and entrepreneurs a blend of high-end fashion stores, art galleries, design and creative institutes as well as a diverse culinary scene
Meraas awarded a contract worth US $540mn to Arabian Construction Company for the construction of the Design Quarter at the Dubai Design District (d3), which includes the first residential community.
Scheduled for completion by mid-2027, Design Quarter will create a creative living environment in d3's masterplan. Residents will enjoy views of the Dubai Canal and Downtown skyline, providing an unparalleled backdrop. To ensure a car-free and pedestrian-friendly environment, car parking will be provided for the residential area through controlled access podium levels, said a statement from Meraas.
Unveiled earlier, Design Quarter comprises a collection of 558 designed one-, two- and three-bedroom apartments. These are spread across three buildings, one low rise and two skyscrapers, within a landscaped podium. This elevated podium serves as a communal area, linking the residential towers to form a social hub for the residents. This will include co-working spaces, an indoor-outdoor gym, pool facilities, barbecue areas and fun-filled zones for children's activities.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate said, 'We are delighted to partner with Arabian Construction Company on this inaugural residential venture. This project not only encapsulates the spirit of artistic living but also contributes significantly to the long-term economic growth of the city in line with Dubai Economic Agenda D33 and the 2040 Urban Master Plan. The construction of Design Quarter at d3, is a testament to our commitment to fostering creativity and innovation as crucial drivers for sustainable economic progress.'
Hamed Mikati, Chief Operation Officer, Arabian Construction Company LLC added, 'We are thrilled to contribute to this extraordinary development, a project that aligns with the exciting future of Dubai. Our collaboration with Meraas goes beyond construction, it's about fostering an ecosystem that nurtures creativity and innovation and contributes to Dubai's transformation into a dynamic, creative metropolis.'
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