Parkway awarded over AED 590 million City Walk Crestlane construction contract
Meraas awarded Parkway International Contracting a main construction contract worth more than AED 590 million for 394 apartments in four buildings in Phase 3 of City Walk Crestlane, Dubai, it announced on 7 September 2026.
Event / data period: 2026-09-07
Published: · Updated:
Meraas, a member of Dubai Holding Real Estate, announced on 7 September 2026 that it has awarded Parkway International Contracting a main construction contract worth more than AED 590 million. The contract is for the delivery of 394 apartments across four residential buildings in Phase 3 of City Walk Crestlane in Dubai.
Meraas said construction has already commenced and that completion is anticipated by Q3 2028. It describes Crestlane as an extension of City Walk’s walkable urban environment, with landscaped open spaces and water features. Across the wider community, residents are to have swimming pools, sports facilities, a fitness centre, a floating clubhouse and an outdoor cinema.
The release gives the value only as more than AED 590 million, not an exact amount, and does not say when the contract was signed.
Data
Contract and scope figures
Contract value and apartment count stated in the Meraas release of 7 September 2026, published by Dubai Holding.
- Contract value
- ≥590 million AED
- 2026-09-07 · Observed
- Apartments covered by the contract
- 394 count
- 2026-09-07 · Target
- Residential buildings covered by the contract
- 4 count
- 2026-09-07 · Target
Methodology
The AED 590 million is a lower bound because Meraas gave the value as more than AED 590 million. The apartment and building counts are planned figures, not completed units.
Updated:
Subjects and places
Subject proposals
- Residential real estateSuggested
- Subject suggested from the title or summary: apartmentswww.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 ↗