Meraas awards AED 1 billion contract for Phase 7 of Nad Al Sheba Gardens

<p class="text-align-justify"><strong>Dubai, United Arab Emirates, September 24, 2026: </strong><a href="https://meraas.com/en"><u>Meraas</u></a>, a member of <a href="https://www.dubaiholding.com/en/who-we-are/our-companies/dubai-holding-real-estate"><u>Dubai Holding Real Estate</u></a>, has awarded a contract valued at nearly AED 1 billion to GCC Contracting for the construction of 272 new villas and townhouses at Nad Al Sheba Gardens Phase 7, marking the expansion of the gated community. </p> <p class="text-align-justify">The contract includes the construction of 130 villas, ranging from four to seven bedrooms, and 142 three-bedroom townhouses, alongside pool houses, essential utilities and infrastructure works. Construction has already commenced onsite with project completion anticipated in Q2 2028. </p> <p class="text-align-justify">The award reflects Meraas’ continued investment in high-quality residential communities that meet the sustained demand for well-connected, family-focused homes in Dubai. Located close to Downtown Dubai, Meydan Racetrack and Dubai International Airport, Nad Al Sheba Gardens has established itself as a premium residential address offering privacy, open space and access to a growing mix of lifestyle amenities. </p> <p class="text-align-justify">The new villas and townhouses merge contemporary architecture with practical family living, featuring clean lines, natural materials and spacious, light-filled interiors. This phase will further enhance the community’s residential offering, reinforcing its appeal among local and international buyers seeking modern homes in a well-planned, amenity-rich environment. </p> <p class="text-align-justify"><strong>Khalid Al Malik, Chief Executive Officer, Dubai Holding Real Estate, said:</strong> “The award of the Phase 7 contract for Nad Al Sheba Gardens, valued at almost AED 1 billion, reflects the continued demand for premium master-planned residential communities in Dubai. The expansion reinforces growing market confidence in Dubai’s real estate sector and further affirms the city’s position as a leading global destination to live, work and invest. Meraas remains committed to delivering homes that blend architecture, connectivity and enduring value for residents and investors.” </p> <p class="text-align-justify"><strong>Bipin Chandran, Executive Officer and CEO, GCC Contracting, said:</strong> “We are honoured to partner with Meraas on Phase 7 of Nad Al Sheba Gardens. Our team remains fully committed to world-class execution through precision, technical expertise and uncompromising attention to detail. The collaboration underscores our shared focus on excellence, reliability and long-term value creation.” </p> <p class="text-align-justify">Nad Al Sheba Gardens offers a wide range of community-focused amenities for leisure, fitness and relaxation, including walking, cycling and running tracks, children’s play areas, multi-sport facilities, swimming pools and yoga lawns. Nad Al Sheba Gardens Mall also provides residents with convenient access to retail and dining options. </p> <p class="text-align-justify">Located approximately 10 minutes from Downtown Dubai, Nad Al Sheba Gardens offers easy access to Meydan Racetrack, Dubai International Airport and key leisure destinations across the city. </p> <p class="text-align-justify"><a href="https://www.dropbox.com/scl/fo/mepvou2222bviv76qrikn/AFLaV5oaksALe7VCnPYxlh8?rlkey=y8o2sve9h3k7yt2eqktbx4kh6&st=4jsx3o54&dl=0">Click <u>here</u></a> to access the video and HD images. </p>