Nakheel, part of Dubai Holding Real Estate, has awarded Al Nasr Contracting Company an AED169 million (USD 46 million) contract for internal roadworks and key utilities to support Bay Villas at Dubai Islands.
The agreement includes developing access roads across the 636-unit residential community and installing utility networks to link homes, public spaces, and the wider island infrastructure.
This project marks an important milestone in the delivery of the new neighbourhood, reflecting Nakheel’s phased strategy of aligning preparatory works with infrastructure rollout to ensure sustainable, long-term results.
Nakheel Awards Dubai Islands Contract
Khalid Al Malik, CEO of Dubai Holding Real Estate, said: “This contract award to Al Nasr marks a crucial foundation stage for Bay Villas, guaranteeing that our 636-unit waterfront community is supported by solid infrastructure from the outset.
“Al Nasr’s strong track record in civil engineering and commitment to safety are in line with our vision of delivering first-class residential destinations.
“This investment underpins Dubai Islands’ position as a leading waterfront development, building the connectivity essential to enhance residents’ lifestyles and safeguard long-term property values.”
Jean Nicolas El Helou, CEO of Al Nasr Contracting Company LLC, commented: “We are delighted to collaborate with Nakheel, a key player in Dubai’s real estate sector, on critical infrastructure works for Bay Villas at Dubai Islands.
“Our team will engage closely with all stakeholders to ensure this villa community adheres to the highest standards set by Nakheel, establishing Bay Villas as one of the most attractive residential and investment destinations in Dubai.”
This contract follows Nakheel’s earlier AED2.6 billion (USD 708 million) agreement with Fibrex Contracting for major development works at Dubai Islands.
Bay Villas will comprise a diverse mix of townhouses, semi-detached villas, garden villas, and premium waterfront and beachfront residences, all within a resort-style, well-connected environment.
