IRHM, Your Global Window into Real Estate and Hospitality

November 2, 2026

Dubai Islands

Dubai developer Nakheel has appointed Parkway International Contracting LLC to build 617 homes across Phases 2 and 4 at Bay Grove Residences on Dubai Islands. The contract, valued at over AED 950 million, covers eight residential blocks alongside amenities and basement works. This brings total main construction commitments across the entire 1,154-home development to more than AED 1.75 billion.
Nakheel has awarded a marine and beach works contract to Mar Marine & Building Contracting L.L.C. for Island B at Dubai Islands. The project will upgrade 3km of the western coastline and create 320 metres of new beach frontage. Scheduled for completion by Q4 2027, the works support the ongoing development of the Bay Villas community.
ELLE Residences Dubai Islands will blend Parisian elegance with Dubai’s vibrant energy, offering curated homes with beachfront views, wellness spaces, and fashion-forward design.

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