# 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.

- Canonical URL: https://newsverum.com/en/news/parkway-meraas-city-walk-crestlane-phase-3-main-construction-contract-september-2026
- Publisher: Newsverum
- Section: Infrastructure
- Country: United Arab Emirates
- Published: 2026-10-05T09:37:37+00:00
- Updated: 2026-10-07T00:52:10+03:00
- Event / data period: 2026-09-07
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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.

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.

| label | value | unit | period | basis | value_qualifier |
|---|---|---|---|---|---|
| Contract value | 590 | million AED | 2026-09-07 | observed | lower-bound |
| Apartments covered by the contract | 394 | count | 2026-09-07 | target |  |
| Residential buildings covered by the contract | 4 | count | 2026-09-07 | target |  |

Sources: <https://www.dubaiholding.com/en/media-hub/press-releases/meraas-awards-over-aed-590-million-main-construction-contract-for-city-walk-crestlane> · Download data: [JSON](https://newsverum.com/api/v1/articles/parkway-meraas-city-walk-crestlane-phase-3-main-construction-contract-september-2026/data/contract-scope-figures?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/parkway-meraas-city-walk-crestlane-phase-3-main-construction-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-over-aed-590-million-main-construction-contract-for-city-walk-crestlane>) (Source checked: 2026-10-04; Published: 2026-09-07)

## Correction history

- 2026-10-07T00:52:10+03:00: German and Portuguese editions and translations of the data and correction explanations have been added to this article.

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