Meydan: Awards Over AED 1 Billion Contract for District One West

Deal News | Jan 20, 2025 | Zawya

Meydan: Awards Over AED 1 Billion Contract for District One West

Meydan, a subsidiary of Dubai Holding Real Estate, has announced the awarding of a construction contract valued over AED 1 billion to Ginco General Contracting LLC for Phase Two of District One West in Dubai's prestigious Mohammed Bin Rashid Al Maktoum City. This project, which is a continuation of the luxury gated community, will offer high-end waterfront living at the Crystal Lagoon. Ginco, an experienced construction firm, will undertake the development of luxury villas and infrastructure, with project completion targeted for Q1 2028. Highlighted by CEO Khalid Al Malik, District One West Phase Two is intended to redefine luxury living standards, setting new benchmarks with its world-class design and quality. As a key player in Dubai's real estate sector, Ginco General Contracting aims to deliver this premier project, aligning with Dubai Holding's vision. The project includes 229 luxury villas in a community boasting extensive recreational facilities among lush green spaces and is part of the larger vision of Mohammed Bin Rashid Al Maktoum City to integrate opulence with serene natural environments.

Sectors

  • Real Estate Development
  • Construction

Geography

  • United Arab Emirates – The article centers around a major real estate development in Dubai, a leading city in the UAE.
  • Dubai – Specific focus is on the developments within Mohammed Bin Rashid Al Maktoum City, a key area in Dubai.

Industry

  • Real Estate Development – The article focuses on the development of a luxury residential project within the real estate sector, highlighting the construction of high-end villas in Dubai.
  • Construction – Ginco General Contracting's role in the construction of new luxury villas and infrastructure underscores the construction industry's relevance to this project.

Financials

  • AED 1 billion – The value of the construction contract awarded to Ginco General Contracting for Phase Two of District One West.

Participants

NameRoleTypeDescription
MeydanDeveloperCompanyPart of Dubai Holding Real Estate, Meydan is responsible for overseeing the District One West project.
Dubai Holding Real EstateParent CompanyCompanyThe parent company of Meydan, contributing to the strategic vision and execution of luxury real estate projects.
Ginco General Contracting LLCContractorCompanyA construction firm tasked with the building of luxury villas and infrastructure for the project.
Khalid Al MalikChief Executive OfficerPeopleCEO of Dubai Holding Real Estate, overseeing the company's real estate projects including District One West.
Eng. Masood GheyathManaging DirectorPeopleManaging Director of Ginco General Contracting, leading the firm's involvement in the project.