Dubai Holding secures record 5B dirham contract

Dubai Holding announced the signing of its largest construction contract to date, valued at 5 billion dirhams, with China State Construction Engineering Corporation Middle East. The agreement is for the development of the group's new headquarters and the Jumeirah Residences Emirates Towers project. The contract encompasses two main projects on the same site, with the new headquarters expected to be completed by 2029. It also includes the completion of two towers comprising 754 luxury residential units, with unit handovers scheduled for 2030. This contract reflects Dubai Holding's commitment to developing innovative real estate projects and fostering a sustainable work environment. It also underscores the continued presence of Chinese companies in the UAE construction market. The announcement comes at a time when Dubai's real estate sector is experiencing increased demand and investment, with a focus on luxury properties and mixed-use developments.

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