Dubai continues to solidify its position as a global hub for luxury real estate, with significant investments flowing into new residential developments. Recently, Meraas, a key subsidiary of Dubai holding Real Estate, has initiated the latest phase of expansion in DubaiLand. The project aims to meet the growing demand for high-end villas and contribute to the city’s ongoing economic diversification, attracting both investors and residents seeking premium living experiences. A major contract award signals accelerated progress on this ambitious undertaking.
Dubai-based developer Meraas, a subsidiary of Dubai Holding Real Estate, has awarded a AED 1.9 billion (approximately $517 million USD) construction contract to United Engineering Construction (UNEC) for the development of the Ekkaya villa community in DubaiLand. The contract covers the first phase of the project, encompassing 642 villas along with associated community facilities, with completion slated for the fourth quarter of 2027.
The Ekkaya project represents the next stage in Meraas’s vision to create residential environments that seamlessly blend sophisticated design, sustainability, and quality of life,” said Khalid Al Malik, CEO of Dubai Holding Real Estate. The announcement underscores Dubai’s continued investment in luxury residential developments as it seeks to attract high-net-worth individuals and bolster its real estate sector.
UNEC Chairman Abdul Haleem Muwaffaq stated, “The company will execute the project to the highest standards of quality and sustainability.” This commitment to quality is crucial in Dubai’s competitive real estate market, where developers are increasingly focused on delivering premium properties with eco-friendly features.
تابعوا آخر أخبارنا المحلية والرياضية وآخر المستجدات السياسية والإقتصادية عبر Google news
