Nakheel Partners with Al Nasr Contracting for Bay Villas Development
Nakheel, a prominent entity within Dubai Holding Real Estate, has recently awarded a significant contract worth AED169 million (approximately $46 million) to Al Nasr Contracting Company. This contract focuses on the internal roadworks and essential utilities for the Bay Villas project located at Dubai Islands.
Scope of the Contract
The contract encompasses the construction of access roads throughout the 636-unit residential community, along with the installation of utility services. These utilities will connect the homes, public areas, and the broader island infrastructure, ensuring that residents have seamless access to essential services.
This initiative marks a pivotal phase in the development of the new neighborhood. Nakheel’s strategic approach combines preparatory work with infrastructure development, aiming for sustainable and long-term outcomes for the community.
Infrastructure Development for Bay Villas
Khalid Al Malik, CEO of Dubai Holding Real Estate, emphasized the importance of this infrastructure contract. He stated, “Awarding this infrastructure contract to Al Nasr represents a critical foundation phase for Bay Villas, ensuring our 636-unit waterfront community is built on robust infrastructure from day one.”
Al Malik further highlighted that Al Nasr’s expertise in complex civil works and their strong safety record align perfectly with Nakheel’s commitment to delivering exceptional residential communities. He noted that this investment in infrastructure is vital for the development of Dubai Islands as a premier waterfront destination, enhancing both the daily lives of residents and the long-term value of their properties.
Collaboration with Al Nasr Contracting
Jean Nicolas El Helou, CEO of Al Nasr Contracting Company LLC, expressed enthusiasm about the partnership with Nakheel. He remarked, “We are pleased to partner with Nakheel, an established leader in Dubai’s real estate landscape, on essential infrastructure works for Bay Villas at Dubai Islands.”
El Helou assured that his team would collaborate closely with all stakeholders to meet the high standards set by Nakheel, aiming to position Bay Villas as one of the most exciting new communities for potential residents and investors in Dubai.
Broader Context of Dubai Islands Development
This recent contract award follows Nakheel’s earlier AED2.6 billion (around $708 million) agreement with Fibrex Contracting for the overall development of Dubai Islands. The Bay Villas project will feature a diverse range of housing options, including townhouses, semi-detached villas, garden villas, and premium waterfront and beachfront villas, all designed within a connected, resort-style environment.
The Bay Villas community is an integral part of the larger Dubai Islands vision, which aligns with the Dubai 2040 Urban Master Plan. This plan emphasizes the creation of integrated neighborhoods, accessible public spaces, and high-quality amenities, all aimed at enhancing the living experience in Dubai.
Conclusion
The collaboration between Nakheel and Al Nasr Contracting represents a significant step forward in the development of Bay Villas at Dubai Islands. With a focus on robust infrastructure and community connectivity, this project is set to become a key player in Dubai’s evolving real estate landscape. As the development progresses, it promises to offer a vibrant living environment for residents and an attractive investment opportunity for stakeholders.
