Meraas Awards AED 687 Million Contract for Luxury Villas at Nad Al Sheba Gardens, Dubai
- Michael Ghobrial
- May 22
- 3 min read
Dubai’s skyline expansion continues with the recent awarding of a AED 687 million contract by leading developer Meraas for new luxury villas in the Nad Al Sheba Gardens community. This Meraas development, backed by Dubai Holding Real Estate, confirms growing investor confidence in Dubai luxury villas and high-end residential projects. Nad Al Sheba Gardens is positioned as a gated community with lush landscaping and premium amenities, and the new contract covers the latest phase of this upscale project. This development underscores Dubai’s reputation as a hub for sophisticated living and cutting-edge design in the residential real estate market.
Project Scope and Timeline
Project phase: The contract covers Phase 4 of Nad Al Sheba Gardens, continuing the expansion of this gated luxury neighbourhood.
Contract details: Valued at roughly AED 687 million (about USD $187 million), the contract has been awarded to Bhatia General Contracting Co. LLC. It includes all work from construction through testing, commissioning, and handover.
Units: Phase 4 will feature 188 residential units in total – comprising 96 standalone villas (4, 5 and 6-bedroom homes) and 92 three-bedroom townhouses – along with two dedicated pool houses.
Timeline: The development is expected to be completed and handed over by Q1 2027, adding dozens of new luxury properties to Dubai’s market in about two years.
Amenities: The community is planned to include resort-style features: a large swimming pool, an outdoor amphitheatre for events, scenic jogging running tracks, a dedicated yoga lawn, and more. A Nad Al Sheba Gardens Mall is also planned to provide retail and dining options within the community.
Location advantages: Nad Al Sheba Gardens sits within Nad Al Sheba 1, offering easy access to Downtown Dubai, Business Bay and the Burj Khalifa. Its proximity to Meydan Racecourse and major leisure destinations makes the community especially attractive to affluent buyers.
Implications for Dubai’s Residential Market
This contract award signals that Dubai’s luxury real estate sector remains strong. The demand for high-end Dubai luxury villas is fueling new construction, even as supply in the ultra-luxury segment stays limited. In recent years Dubai has seen a surge in sales of top-end homes, and adding a fresh batch of exclusive villas will help meet pent-up demand from wealthy buyers and investors. Such large-scale projects also reinforce Dubai’s appeal as a global property destination, where developers like Meraas continue to innovate with premium master-planned communities.
By pushing forward with Nad Al Sheba Gardens, Meraas is helping to balance the city’s residential supply in a market where high-net-worth individuals are actively seeking opulent, landscaped homes. This could support healthy price growth in the villa and townhouse segment, as limited supply and strong demand drive prices higher. Moreover, the project creates jobs and economic activity, contributing to Dubai’s broader development goals. Overall, the AED 687 million investment underlines a bullish outlook: it shows confidence that demand for quality homes will keep Dubai’s residential market robust through 2025 and beyond.
Key Organisations Involved
Meraas (Dubai Holding Real Estate) – The Dubai developer behind Nad Al Sheba Gardens, overseeing the project.
Dubai Holding Real Estate – The real estate arm that includes Meraas, guiding strategy and financing for luxury developments.
Bhatia General Contracting Co. LLC – The local construction firm awarded the contract to build Phase 4 of Nad Al Sheba Gardens.
Conclusion
The new AED 687 million contract awarded by Meraas for Nad Al Sheba Gardens is a clear indicator of Dubai’s resilient real estate sector and its focus on luxury residential offerings. With its idyllic location and high-end amenities, this project is set to attract discerning buyers and bolster Dubai’s luxury property market. As construction progresses toward the 2027 completion, the development will enhance the city’s profile for sophisticated living and contribute to sustained growth in the upscale housing segment.
