Meydan Awards Construction Contract Worth Over AED 1 Billion for Phase 2 of “District One West” Project – Business – Real Estate

Meydan, a subsidiary of Dubai Holding Actual Property, has awarded a building contract price over AED 1 billion to Genco Common Contracting for Section 2 of the “District One West” challenge, positioned throughout the famend Mohammed Bin Rashid Al Maktoum Metropolis. This part represents the subsequent step in considered one of Dubai’s most sought-after gated communities, providing an unique waterfront life-style overlooking a surprising crystal lagoon.

Below the contract, Genco Common Contracting will construct luxurious villas with 4, 5, and 6 bedrooms, together with associated infrastructure and different works. Genco, a building firm with over 35 years of expertise within the area, is acknowledged for delivering large-scale luxurious initiatives. The challenge is scheduled for completion in Q1 2028.

Commenting on the announcement, Khalid Al Malik, CEO of Dubai Holding Actual Property, said:

“The awarding of the Section 2 building contract for ‘District One West’ inside Mohammed Bin Rashid Al Maktoum Metropolis underscores our unwavering dedication to redefining luxurious dwelling on this prestigious residential growth. With world-class designs and distinctive high quality, the second part will set new benchmarks in providing excellent residential experiences to our rising base of luxurious residence patrons.”

Masoud Ghiyath, Managing Director of Genco Common Contracting, stated:

“The development and actual property sector is a key driver of the native financial system, and we’re thrilled and honored to collaborate with Dubai Holding Actual Property on this prestigious challenge. The second part of ‘District One West’ will stand as a mannequin of excellence, reflecting our shared imaginative and prescient to ship modern and high-quality developments.”

Highlights of Section 2:

Section 2 of “District One West” contains 229 villas inside a gated group mixing wellness parts into every day life. Surrounded by lush parks and inexperienced landscapes, the villas boast gorgeous views of the crystal lagoon. The group gives a variety of leisure facilities, together with a clubhouse, an outside health heart, sports activities courts, biking and pedestrian paths, youngsters’s play areas, shaded picnic zones, and a wood boardwalk.

Strategically positioned simply 4 kilometers from Downtown Dubai, a couple of minutes from Meydan Racecourse, and 20 minutes from Dubai Worldwide Airport, the challenge is designed to supply residents with tranquility away from town’s hustle. Over 60% of the world is devoted to parks and group gardens, inviting residents to embrace serene dwelling amid picturesque out of doors areas, together with greater than 8 kilometers of biking and jogging tracks and a 14-kilometer-long beachfront.

Section 2 can also be minutes away from the peaceable Ras Al Khor Wildlife Sanctuary, residence to numerous chicken species, together with winter flocks of flamingos. Residents can discover vibrant ecosystems, from salt flats to mangroves, providing a singular connection to nature. Moreover, the close by Dubai Design District (d3) serves as a hub for creativity, the place international style homes meet rising native expertise. The district options quite a few cafes, co-working areas, and the waterfront leisure vacation spot “The Block,” good for recreation.

Leave a Reply

Your email address will not be published. Required fields are marked *