Meraas Awards $272.2M Bluewaters Bay Contract

Deal News | Jan 27, 2025 | Zawya

Meraas, part of Dubai Holding Real Estate, has awarded a substantial construction contract for its Bluewaters Bay project, valued at AED1 billion ($272.2 million), to China State Construction Engineering Corporation (Middle East). The development will feature two residential towers and several luxurious amenities, including retail and dining outlets, a landscaped promenade, and recreational facilities. Positioned in a prime waterfront location, Bluewaters Bay will enhance Dubai's urban landscape and is expected to be completed by Q4 2027, providing residents with unparalleled lifestyle options amid vibrant surroundings. The project emphasizes the partnership's commitment to quality and innovation in delivering prestigious developments in Dubai.

Sectors

Real Estate Development
Construction

Geography

United Arab Emirates – The article is centered around a real estate development project, Bluewaters Bay, in Dubai, showing relevance to the UAE's geographical and economic context.

Industry

Real Estate Development – The article discusses a major construction contract awarded for a new residential and commercial development project, Bluewaters Bay, in Dubai.
Construction – The contract involves significant construction work by the China State Construction Engineering Corporation, reflecting the construction industry's role in executing the project.

Financials

$272.2 million – The construction contract value for the Bluewaters Bay project.

Participants

Name	Role	Type	Description
Meraas	Target	Company	A member of Dubai Holding Real Estate, responsible for awarding the construction contract for Bluewaters Bay.
Dubai Holding Real Estate	Vendor	Company	The parent company of Meraas, involved in the real estate development of Bluewaters Bay.
China State Construction Engineering Corporation (Middle East)	Buyer	Company	The awarded party for the construction contract of Bluewaters Bay, providing engineering expertise.
Khalid Al Malik	Spokesperson	Person	CEO of Dubai Holding Real Estate, offering insights into the Bluewaters Bay project and its significance.
Tian Sanchuan	Spokesperson	Person	President of China State Construction Engineering Corporation (Middle East), expressing commitment to quality and excellence.