Sobh-e-Shoma Baa Hannan
Yaaraa
Darkoob Band
Listen To Radio Shoma 93.4
Listen Live

Meraas awards AED 1 billion construction contract for Bluewaters Bay

Monday, 27 January 2025 21:39

By ARN News Staff

WAM

Meraas, part of Dubai Holding Real Estate, has awarded a construction contract worth over AED 1 billion to China State Construction Engineering Corporation (Middle East) for its Bluewaters Bay project.

With strong demand for the development, this milestone paves the way for the creation of a new iconic waterfront destination in Dubai, set to be completed by Q4 2027.

Bluewaters Bay will feature two residential towers connected by a dynamic podium, offering 678 apartments, including one to four-bedroom units and penthouses.

The development will also include retail and dining outlets, along with top-tier amenities like a landscaped promenade, outdoor pool, children's play area, and barbecue facilities.

Khalid Al Malik, CEO of Dubai Holding Real Estate, expressed confidence that China State Construction’s expertise will help bring the project to life, creating a vibrant destination for both residents and visitors.

 

Share

More from Business

  • UAE, Estonia strengthen cooperation in audit, oversight

    The UAE Accountability Authority has signed a Memorandum of Understanding (MoU) with the National Audit Office of Estonia, to strengthen cooperation in audit and oversight, exchanging institutional expertise, and leveraging modern technologies to advance audit systems and digital governance.

  • OPEC+ agrees in principle to keep oil output pause for March

    OPEC+ has agreed in principle to keep its planned pause on oil output increases for March when it meets later on Sunday, according to three delegates and a draft statement seen by Reuters, even after crude prices hit six-month highs on concern the US could launch a military strike on OPEC member Iran.

  • World Laureates Summit opens in Dubai

    The World Laureates Summit opened on Sunday in Dubai, bringing together more than 150 scientists and participants, including Nobel Prize laureates and recipients of the world’s most prestigious scientific awards, alongside leaders of research institutions and policymakers from around the globe.

  • UAE, Austria explore ways to boost trade, investment ties

    Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, has welcomed Beate Meinl-Reisinger, Austrian Minister for European and International Affairs, and Austrian business executives, to a roundtable aimed at enhancing private sector collaboration between UAE and Austrian companies.

  • RAKEZ records strong growth in 2025, welcoming 19,000 new companies

    Ras Al Khaimah Economic Zone (RAKEZ) recorded another year of strong performance in 2025, with 19,000 new companies joining its growing business community.

News

  • UAE leaders inaugurate World Laureates Summit

    UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Sunday, inaugurated the World Laureates Summit, the largest global gathering of Nobel Prize winners and recipients of other prestigious scientific awards.

  • UAE leaders send condolences to Pakistan president over terrorist attacks

    UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of condolence to Pakistan's President Asif Ali Zardari, on the terrorist attacks in the Pakistani province of Balochistan, which resulted in a number of deaths.

  • UAE President meets IMF chief ahead of World Governments Summit

    UAE President Sheikh Mohamed bin Zayed Al Nahyan met Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), on Sunday, to discuss cooperation between the UAE and the IMF, with a focus on sustainable development and global economic growth.

Our Shows

Quick Links

Listen on the Go

  • Available on the App Store
  • Available on Google Play

© 2026 ARN and Aiir. All Rights Reserved.