A major main construction deal exceeding AED 950 million has been awarded to Parkway International Contracting LLC by Nakheel, part of Dubai Holding Real Estate. The contract covers 617 new apartments spread across eight residential buildings in Phases 2 and 4 of the Bay Grove Residences scheme on Dubai Islands.

The agreement comprises a mix of one- to four-bedroom properties. Substructure works, basement levels, wider infrastructure and communal facilities, including fitness centres, sports courts and swimming pools, are all included in the scope of works.

Phase 2 accounts for 360 residences across four blocks, with main build works scheduled for completion by late 2028. A further 257 homes across four buildings form Phase 4, where handovers are targeted for the second quarter of 2029.

This latest award follows an earlier contract valued at more than AED 800 million for 537 properties across seven blocks in Phases 1 and 3. Together, the combined construction awards now top AED 1.75 billion and encompass all 1,154 planned homes across the 15 buildings that make up Bay Grove Residences.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “This award marks another important step in the delivery of Bay Grove Residences, establishing a clear construction pathway for a further 617 homes. Together with the contract already awarded for Phases 1 and 3, it represents a substantial investment in the community and the long-term development of Dubai Islands. Our focus remains on delivering high-quality homes, amenities and public spaces that will create a distinctive waterfront community for residents.”

Tarek Zoabi, Managing Partner of Parkway International Contracting LLC, said: “We are pleased to partner with Nakheel on the next stages of Bay Grove Residences. Our team is focused on safe, disciplined delivery across both phases, with close attention to build quality, coordination and the agreed programme.”

Bay Grove Residences is being created as a coastal development with access to Crystal Beach, landscaped communal gardens, and pedestrian and cycle pathways. Situated off Deira, Dubai Islands covers 18.6 square kilometres across five islands, incorporating housing, hotels, parks, cultural venues and leisure facilities into Dubai’s wider urban master plan.