# 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.

- Canonical URL: https://newsverum.com/en/news/gcc-contracting-meraas-nad-al-sheba-gardens-phase-7-villas-contract-september-2026
- Publisher: Newsverum
- Section: Infrastructure
- Country: United Arab Emirates
- Published: 2026-10-05T09:37:37+00:00
- Updated: 2026-10-07T00:54:34+03:00
- Event / data period: 2026-09-24
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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.

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.

| label | value | unit | period | basis | value_qualifier |
|---|---|---|---|---|---|
| Contract value | 1 | billion AED | 2026-09-24 | observed | approximate |
| 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 |  |

Sources: <https://www.dubaiholding.com/en/media-hub/press-releases/meraas-awards-aed-1-billion-contract-for-phase-7-of-nad-al-sheba-gardens> · Download data: [JSON](https://newsverum.com/api/v1/articles/gcc-contracting-meraas-nad-al-sheba-gardens-phase-7-villas-contract-september-2026/data/contract-scope-figures?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/gcc-contracting-meraas-nad-al-sheba-gardens-phase-7-villas-contract-september-2026/data/contract-scope-figures?lang=en&format=csv)

## Sources

- [Dubai Holding](<https://www.dubaiholding.com/en/media-hub/press-releases/meraas-awards-aed-1-billion-contract-for-phase-7-of-nad-al-sheba-gardens>) (Source checked: 2026-10-04; Published: 2026-09-24)

## Correction history

- 2026-10-07T00:54:34+03:00: German and Portuguese editions and translations of the data and correction explanations have been added to this article.

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