Tag: real estate contracts

  • Meraas Awards Dh2.4 Billion Contracts for 557 Dubailand Villas

    Dubai Holding Real Estate’s flagship developer Meraas has committed Dh2.4 billion to expand its villa communities in Dubailand, awarding major construction contracts as demand for spacious homes maintains momentum across the emirate.

    The contracts, split between United Engineering Construction (UNEC) and GCC Contracting, will deliver a combined 557 villas ranging from three to seven bedrooms across The Acres and The Acres Estates developments.

    UNEC will construct 371 villas at The Acres, featuring three- to five-bedroom homes alongside community infrastructure including roads, utilities and shared amenities. GCC Contracting will handle The Acres Estates, positioned as the more exclusive offering with 186 larger homes spanning five to seven bedrooms.

    “This award reflects both the strength of demand for premium villa communities in Dubai and our continued investment in meeting that demand with quality and distinction,” said Khalid Al Malik, CEO of Dubai Holding Real Estate.

    The developments are designed around nature-focused living, with The Acres centered on Halo Loop Park—a landscaped green space serving as the community anchor. The Acres Estates elevates the concept with larger plots, exclusive architectural designs, and premium features including landscaped waterfront areas and swimmable lagoons.

    “We are focused on efficient execution and maintaining the highest construction standards throughout the project lifecycle,” said Eng. Abdul Halim Muwahid, Chairman of UNEC. Bipin Chandran, CEO of GCC Contracting, described The Acres Estates as “a high-specification residential development” requiring “precision and technical expertise.”

    Located in Dubailand with connectivity through Sheikh Zayed bin Hamdan Al Nahyan Street and Emirates Road, the communities offer proximity to Global Village, Dubai Polo and Equestrian Club, and Hamdan Sports Complex—factors developers say enhance long-term appeal for residents and investors.

    The contracts represent a significant addition to Dubai’s villa pipeline as the emirate’s property market recorded over Dh180 billion in transactions during Q1 2026. The expansion aligns with broader market trends, with luxury home prices jumping 25% in 2025 as Dubai strengthens its position as a global wealth destination.