emirates7 - Nakheel, part of Dubai Holding Real Estate, has awarded Fibrex Contracting a AED2.6 billion contract to build the Bay Villas project on Dubai Islands.
The development will feature 636 luxury units across five unique property types, marking Nakheel’s latest waterfront community initiative.
This collaboration continues Nakheel’s established partnership with Fibrex Contracting, which previously worked together on the District One West community in Mohammed Bin Rashid Al Maktoum City (MBRAMC).
Khalid Al Malik, CEO of Dubai Holding Real Estate, stated, “Our collaboration with Fibrex Contracting represents a significant step for Bay Villas, a landmark project that reflects our commitment to creating elevated living spaces residents can be proud of. This community embodies our vision of waterfront living, combining luxury, privacy, and wellbeing, while offering residents the finest island lifestyle.”
Sufyan S. Saleh, Group Managing Director at Fibrex Contracting, added, “We are dedicated to completing this flagship project on schedule and to the highest industry standards. Leveraging advanced construction technologies, our specialised in-house expertise, and a reliable supply chain, we are well-positioned to bring this waterfront community to fruition.”
The development will feature 636 luxury units across five unique property types, marking Nakheel’s latest waterfront community initiative.
This collaboration continues Nakheel’s established partnership with Fibrex Contracting, which previously worked together on the District One West community in Mohammed Bin Rashid Al Maktoum City (MBRAMC).
Khalid Al Malik, CEO of Dubai Holding Real Estate, stated, “Our collaboration with Fibrex Contracting represents a significant step for Bay Villas, a landmark project that reflects our commitment to creating elevated living spaces residents can be proud of. This community embodies our vision of waterfront living, combining luxury, privacy, and wellbeing, while offering residents the finest island lifestyle.”
Sufyan S. Saleh, Group Managing Director at Fibrex Contracting, added, “We are dedicated to completing this flagship project on schedule and to the highest industry standards. Leveraging advanced construction technologies, our specialised in-house expertise, and a reliable supply chain, we are well-positioned to bring this waterfront community to fruition.”