GCC Contracting awarded nearly AED 1 billion Nad Al Sheba Gardens contract
Meraas awarded GCC Contracting a contract valued at nearly AED 1 billion to build 272 villas and townhouses in Phase 7 of Nad Al Sheba Gardens, Dubai, with completion anticipated in Q2 2028, it said on 24 September 2026.
Event / data period: 2026-09-24
Published: · Updated:
Meraas, a member of Dubai Holding Real Estate, announced on 24 September 2026 that it has awarded a contract valued at nearly AED 1 billion to GCC Contracting. The contract covers the construction of 272 new villas and townhouses at Nad Al Sheba Gardens Phase 7 in Dubai, which Meraas said marks the expansion of the gated community.
The scope includes 130 villas of four to seven bedrooms and 142 three-bedroom townhouses, together with pool houses, essential utilities and infrastructure works. Meraas said construction has already started on site and that project completion is anticipated in the second quarter of 2028.
The release gives the value only as nearly AED 1 billion, not an exact amount, and does not say when the contract was signed.
Data
Contract and scope figures
Contract value and unit counts stated in the Meraas release of 24 September 2026, published by Dubai Holding.
- Contract value
- ≈1 billion AED
- 2026-09-24 · Observed
- Villas and townhouses covered by the contract
- 272 count
- 2026-09-24 · Target
- Villas (four to seven bedrooms)
- 130 count
- 2026-09-24 · Target
- Three-bedroom townhouses
- 142 count
- 2026-09-24 · Target
Methodology
The value is stated as nearly AED 1 billion, so it is shown as approximate rather than exact. The unit counts are the villas and townhouses planned under the contract, not completed homes.
Updated:
Subjects and places
Subject proposals
- Residential real estateSuggested
- Subject suggested from the title or summary: villaswww.dubaiholding.com ↗
- Infrastructure projectsSuggested
- Preserved editorial category/topic; broad candidate onlywww.dubaiholding.com ↗
Geographic references
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- United Arab Emirates · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.dubaiholding.com ↗
- Dubai · Dubai, United Arab Emirates · Place role: Place mentioned by source · Place type: City · Location precision: Approximate
55.28, 25.252222 (longitude, latitude)
EvidenceOpen this point in OpenStreetMap ↗- Explicit article mention: Dubai. Country agrees with the preserved article scope. Gazetteer reference only; event location is unconfirmed.www.dubaiholding.com ↗ungegn.un.org ↗ungegn-api.azurewebsites.net ↗