Nakheel awards Dh800 million deal to build 537 Dubai Islands homes

Metac will build seven Bay Grove buildings, with main works due in late 2028

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Dubai: Construction of 537 homes at the sold-out Bay Grove Residences on Dubai Islands is moving ahead after Nakheel awarded a main construction contract worth more than Dh800 million to Metac General Contracting Co.

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The contract covers Phases 1 and 3 of the waterfront development, with the main construction works expected to be completed in late 2028.

Phase 1 includes 296 homes across four residential buildings, while Phase 3 will add another 241 homes across three buildings. The units range from one to four bedrooms.

The scope of work also includes basement construction, associated infrastructure and resident amenities including swimming pools, play courts and a fitness centre.

“The sell-out of Bay Grove Residences demonstrates the depth of demand for high-quality waterfront homes in Dubai," said Khalid Al Malik, CEO of Dubai Holding Real Estate. "This contract award, worth more than Dh800 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.”

Metac General Contracting Co has been appointed to carry out the works across the seven buildings.

Bay Grove to have 1,154 homes

Bay Grove Residences is planned as a waterfront community with landscaped communal areas, walking and cycling routes and access to Crystal Beach.

The full development will comprise 1,154 homes across 15 residential buildings once completed.

A further 617 homes are planned across Phases 2 and 4, with Nakheel saying plans for those phases are progressing and additional construction appointments will be announced.

Bay Grove forms part of the wider Dubai Islands development off the coast of Deira.

The master-planned destination comprises five islands and more than 20 kilometres of beaches, alongside planned parks, open spaces, golf courses, hotels, cultural hubs and waterfront residential communities overlooking the Arabian Gulf.

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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