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Dubai Holding’s real estate arm Nakheel awarded three construction contracts worth a combined USD 1.36 bn for Palm Jebel Ali’s villas on the first six fronds, The National reports. The contracts were awarded to Ginco General Contracting, Shapoorji Pallonji Mideast, and United Engineering Construction (UNEC).
The details: Set for completion towards the end of 2026, the units under contract include 539 five- and six-bedroom beach villas and 184 seven-bedroom coral villas. Ginco will build 197 villas, while Shapoorji will develop 275 villas, and UNEC will be assigned 251. The contracts also include the development of infrastructure and public spaces within the respective fronds.
REMEMBER- Nakheel awarded the development of Palm Jebel Ali’s infrastructure to DBB Contracting and Khansaheb Civil Engineering in May. It also gave Jan De Nul Dredging an AED 810 mn contract for marine works and dredging at the luxury area two months ago.
