Metac awarded over AED 800 million main construction contract on Dubai Islands
Nakheel awarded Metac General Contracting Co a main construction contract worth more than AED 800 million for 537 homes in Phases 1 and 3 of Bay Grove Residences on Dubai Islands, it announced on 17 September 2026.
Event / data period: 2026-09-17
Published: · Updated:
Nakheel, a member of Dubai Holding Real Estate, announced on 17 September 2026 that it has awarded Metac General Contracting Co a main construction contract worth more than AED 800 million. The contract covers Phases 1 and 3 of Bay Grove Residences on Dubai Islands.
The scope is 537 one- to four-bedroom homes in seven residential buildings: Phase 1 has 296 homes in four buildings and Phase 3 has 241 homes in three. It also includes basement works, associated infrastructure and resident amenities such as swimming pools, play courts and a fitness centre. Nakheel said the main construction works are anticipated to be completed in late 2028.
Once complete, the wider Bay Grove Residences community will have 1,154 homes in 15 residential buildings, Nakheel said. It said plans for the remaining 617 homes in Phases 2 and 4 are progressing, with further construction appointments to be announced.
Data
Contract and scope figures
Contract value and home counts stated in the Nakheel release of 17 September 2026, published by Dubai Holding.
- Contract value
- ≥800 million AED
- 2026-09-17 · Observed
- Homes covered by the contract (Phases 1 and 3)
- 537 count
- 2026-09-17 · Target
- Phase 1 homes
- 296 count
- 2026-09-17 · Target
- Phase 3 homes
- 241 count
- 2026-09-17 · Target
- Homes in the wider community once complete
- 1,154 count
- 2026-09-17 · Target
Methodology
The AED 800 million is a lower bound because Nakheel gave the value as more than AED 800 million. Home counts are planned homes, not completed ones; the 1,154 figure is for the wider community once complete, including phases outside this contract.
Updated:
Subjects and places
Subject proposals
- Residential real estateSuggested
- Subject suggested from the title or summary: Residenceswww.dubaiholding.com ↗
- Infrastructure projectsSuggested
- Preserved editorial category/topic; broad candidate onlywww.dubaiholding.com ↗
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- Dubai · Dubai, United Arab Emirates · Place role: Place mentioned by source · Place type: City · Location precision: Approximate
55.28, 25.252222 (longitude, latitude)
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