Metac General Contracting Co appointed to deliver 537 homes across seven buildings in Phases 1 and 3 of the sold-out waterfront community
Nakheel, a member of Dubai Holding Real Estate, has awarded a main construction contract worth more than AED 800 million to Metac General Contracting Co for Phases 1 and 3 of Bay Grove Residences on Dubai Islands.
The contract covers the construction of 537 one- to four-bedroom homes across seven residential buildings. Phase 1 comprises 296 homes across four buildings, while Phase 3 comprises 241 homes across three buildings. The main construction works are anticipated to be completed in late 2028.
The scope also includes basement works, associated infrastructure and key resident amenities, including swimming pools, play courts and a fitness centre. The appointment marks a significant construction milestone for Bay Grove Residences and advances Nakheel’s delivery of the wider Dubai Islands destination.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “The sell-out of Bay Grove Residences demonstrates the depth of demand for high-quality waterfront homes in Dubai. This contract award, worth more than AED 800 million, moves the community into its next stage of delivery and marks another important step in the development of Dubai Islands. Our focus remains on disciplined execution and enduring quality as we create a distinctive coastal destination that supports the city’s long-term growth.”
Muhammad Sadiq Abdullah, Managing Director, Metac General Contracting Co, said: “We are proud to partner with Nakheel on Bay Grove Residences. Our teams are mobilised and focused on rigorous safety, quality and programme management throughout delivery. We look forward to applying our technical expertise to the project and contributing to the continued progress of Dubai Islands.”
Bay Grove Residences is designed as a contemporary waterfront community, bringing together landscaped communal areas, walking and cycling routes and access to Crystal Beach.
Once complete, the wider Bay Grove Residences community will comprise 1,154 homes across 15 residential buildings. Plans for the remaining 617 homes across Phases 2 and 4 are progressing, with further construction appointments to be announced.
Located off the coast of Deira, Dubai Islands is a master-planned waterfront destination aligned with the Dubai 2040 Urban Master Plan. The destination comprises five islands and more than 20 kilometres of beaches, with planned open spaces, parks, golf courses, hospitality offerings, cultural hubs and waterfront residential communities overlooking the Arabian Gulf.
About Dubai Holding Real Estate
Dubai Holding Real Estate is the region’s leading integrated master developer within Dubai Holding’s diversified portfolio. With over 30 years of collective development experience, it combines the heritage and innovation of Nakheel, Meraas and Dubai Properties to shape Dubai’s urban landscape and coastline through iconic destinations that reinforce the emirate’s status as a global hub for real estate investment.
Its portfolio is home to nearly 1.6 million residents across Dubai’s most sought-after locations, delivering value through master planning, development, strategic land sales and asset management, in alignment with the Dubai 2040 Urban Master Plan to support sustainable, long-term growth.
Nakheel delivers visionary waterfront landmarks and master-planned communities, including Palm Jumeirah and the forthcoming Palm Jebel Ali, designed to meet Dubai’s future urban and population needs. Nakheel also incorporates Meydan’s prestigious communities, such as Mohammed Bin Rashid Al Maktoum City and District One.
Meraas creates uniquely design-led destinations that blend architecture, creativity, and lifestyle, including the Bvlgari Residences, Bluewaters, Central Park at City Walk, Port de La Mer, The Acres, Cherrywoods and Villa Amalfi.
Dubai Properties specialises in family-focused communities that emphasise accessibility and top-tier amenities, with landmark developments including Jumeirah Beach Residence (JBR), Business Bay, and Dubailand.
Each development is designed for enduring appeal and strong market fundamentals, combining quality, sustainable infrastructure and community-focused amenities to create long-term value for residents, partners and investors.
Dubai Holding is a diversified global investment company with investments in more than 30 countries and a combined workforce of more than 45,000 people. Established in 2004, Dubai Holding reaches millions of Dubai residents and visitors through its extensive portfolio of over AED 500 billion worth of assets that support the diversification and sustainable growth of Dubai’s economy across 10 key sectors, including real estate, hospitality, entertainment, retail, media and investments.
Source: Zawya
