New Launch - India Real Estate Report 2026.

Nakheel Awards Dh800m Deal for Dubai Islands

Bay Grove Residences waterfront community on Dubai Islands under construction by Nakheel

18th September 2026

4 Min Read

Bay Grove Residences waterfront community on Dubai Islands under construction by Nakheel

Construction of 537 homes at Bay Grove Residences is moving ahead. The project is located on Dubai Islands and is already sold out.

Nakheel has awarded a main construction contract for the project. The contract is worth more than Dh800 million. It has been awarded to Metac General Contracting Co.

The contract covers Phases 1 and 3 of the waterfront development. It is worth more than Dh800 million, or approximately $218 million. Main construction works are expected to be completed in late 2028.

Scope of the Project

Phase 1 includes 296 homes across four residential buildings. Phase 3 will add another 241 homes across three buildings. The units range from one to four bedrooms.

  • Basement construction and associated infrastructure
  • Swimming pools for residents
  • Play courts and a fitness centre

Metac General Contracting Co has been appointed to carry out the works across all seven buildings.

Muhammad Sadiq Abdullah, Managing Director of Metac General Contracting, said the company is proud to partner with Nakheel on the project.

He added that its teams are mobilised and focused on safety, quality and programme management throughout delivery.

What Dubai Holding Real Estate's CEO Said

Khalid Al Malik is the CEO of Dubai Holding Real Estate. He said the sell-out of Bay Grove Residences shows strong demand for high-quality waterfront homes in Dubai.

He added that this Dh800 million contract award moves the community into its next stage of delivery.

He called it another important step in the development of Dubai Islands. He said the focus remains on disciplined execution and enduring quality as the destination continues to take shape.

Also Read: Nakheel Begins Handover of 892 Homes at Jebel Ali Village

Bay Grove's Full Scale

Bay Grove Residences is planned as a waterfront community. It will include landscaped communal areas, walking and cycling routes and access to Crystal Beach.

The full development will comprise 1,154 homes across 15 residential buildings once completed.

A further 617 homes are planned across Phases 2 and 4. Nakheel has said plans for these phases are progressing. Additional construction appointments will be announced in due course.

Also Read: Nakheel Releases 44 Beachfront Villas on Palm Jebel Ali

About Dubai Islands

Bay Grove forms part of the wider Dubai Islands development. It is located off the coast of Deira.

The master-planned destination comprises five islands. It spans more than 20 kilometres of beaches. It also includes planned parks, open spaces, golf courses, hotels, cultural hubs and waterfront residential communities overlooking the Arabian Gulf.

Enjoyed this update? Visit PropTech Pulse for more real estate news, investment insights and property market trends.