Meraas Awards Nearly AED 1 Billion Contract for Nad Al Sheba Gardens Phase 7
Dubai Holding Real Estate's master developer has handed GCC Contracting the build contract for a 272-unit expansion of its Nad Al Sheba Gardens community, with completion targeted for Q2 2028.
Corroborating Sources: Virgin Radio Dubai β "Meraas awards AED 1 billion contract for Nad Al Sheba Gardens expansion" (September 24, 2026), independently reporting the same contract value, 130-villa/142-townhouse unit breakdown and Q2 2028 completion date; Construction Week Online and ARN News Centre carried matching figures the same day.
Key Takeaways
- β Near-AED 1bn Contract Awarded: Meraas, Dubai Holding Real Estate's master developer, awarded GCC Contracting a contract valued at nearly AED 1 billion for Phase 7 of Nad Al Sheba Gardens.
- β 272 New Villas and Townhouses: The phase adds 130 villas (4-7 bedrooms) and 142 three-bedroom townhouses to the existing gated community, roughly 10 minutes from Downtown Dubai.
- β Completion Targeted Q2 2028: Construction is already underway on-site, with Meraas targeting handover in the second quarter of 2028.
- β Part of a Wider Meraas Push: The award lands in the same week Meraas confirmed an AED 590 million-plus main construction contract for its separate City Walk Crestlane development, underscoring the pace of parallel build-outs across its Dubai portfolio.
What Was Awarded
Meraas, the Dubai Holding Real Estate master developer, has awarded GCC Contracting a construction contract valued at nearly AED 1 billion for Phase 7 of Nad Al Sheba Gardens, its gated villa and townhouse community roughly 10 minutes from Downtown Dubai. The phase adds 272 residential units β 130 villas ranging from four to seven bedrooms and 142 three-bedroom townhouses β alongside pool houses and supporting infrastructure works. Construction has already commenced on-site, with completion targeted for the second quarter of 2028. "The award of the Phase 7 contract for Nad Al Sheba Gardens reflects the continued demand for premium master-planned residential communities in Dubai," said Khalid Al Malik, CEO of Dubai Holding Real Estate.
Why It Matters
The Phase 7 award is one of two large construction contracts Meraas confirmed the same week β the other being an AED 590 million-plus main works package for City Walk Crestlane β signalling that Dubai's established master developers are still committing fresh capital to villa and branded-community expansion even as some analysts flag pockets of price softening elsewhere in the secondary market. Nad Al Sheba Gardens already carries established amenities (Nad Al Sheba Mall, proximity to Meydan Racetrack and Dubai International Airport), which typically supports faster absorption for a phase expansion than a standalone new masterplan. For investors tracking villa and townhouse supply pipelines specifically β as opposed to the apartment segment, where most of the recent oversupply concern is concentrated β this is a concrete, near-term data point on where established developers see continued demand.