Nakheel has awarded an AED 800 million main construction contract to Metac General Contracting Co for Phases 1 and 3 of Bay Grove Residences on Dubai Islands. The package covers 537 homes across seven buildings, with completion targeted for late 2028. The development is part of the broader Dubai Islands master plan, which will feature 1,154 properties across 15 buildings upon completion.
Meraas has awarded Parkway International Contracting a main construction contract valued at over AED 590 million for Phase 3 of City Walk Crestlane. The project will deliver 394 new apartments across four buildings in central Dubai. Groundwork and initial building works are currently underway on the site, with completion expected in the third quarter of 2028.
Ambassadori Island Batumi has signed a major international investment agreement with Dubai-based HOLM Developments. The UAE firm will construct a 140,000 square metre multifunctional complex on the artificial island, representing an investment of over $250 million. The deal highlights growing foreign direct investment in Georgia's real estate market, backed by secure investment frameworks and strong economic potential in the Black Sea region.
Construction is underway on The Orchard Place in Dubai. Designed by SPECTRUM Architecture, the scheme integrates residential, commercial, and office spaces within a unified development. Built over a central five-storey podium connecting two high-rise towers, the project translates extensive research into site topography, climate, and modern urban living into physical form. Active structural works are currently progressing on the site.
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