Meraas signs contract to build Bluewaters Bay

Meraas signs contract to build Bluewaters Bay

Meraas, part of Dubai Holding Real Estate, has been awarded a contract worth over AED 1 billion (approximately $272 million) by China State Construction Engineering Corporation (Middle East) to build a new residential development, Bluewaters Bay, scheduled for completion by the end of 2027.

Meraas has announced that it has signed a contract with China State Construction Engineering Corporation (Middle East) (CSCEC) to build a new residential development, Bluewaters Bay, in Dubai. The contract is worth over AED 1 billion ($272 million), making it one of the largest projects in the waterfront residential category.

Bluewaters Bay will feature two residential towers connected by a dynamic podium, with 678 apartments ranging from one-bedroom to four-bedroom units, including luxury penthouses. The complex will feature retail and restaurant areas, a landscaped promenade, an outdoor swimming pool, a children's playground and barbecue areas.

According to Dubai Holding Real Estate CEO Khalid Al Malik, this project reinforces Dubai's status as a centre of advanced urbanism. "We are confident that China State Construction Engineering Corporation will realise our vision and create a place where residents and visitors can enjoy a comfortable and modern environment," he said.

CSCEC (Middle East) CEO Tian Sanchuan emphasised the importance of collaborating with Meraas: "Our company is proud to work on such a significant project. We will apply all our experience to create a unique living space."

Bluewaters Bay will be an extension of the existing Bluewaters coastal district and will be harmoniously integrated with the Marina Walk and Bluewaters Promenade.

Bluewaters Bay continues the trend of developing elite coastal areas in Dubai. It is located near the Jumeirah Beach Residence (JBR) complex and the famous Ain Dubai Ferris wheel. This is the latest step in Dubai Holding Real Estate’s strategy to create contemporary urban spaces that combine premium residential properties with leisure and entertainment opportunities. Bluewaters Bay is a large-scale residential complex that will not only complement the Dubai waterfront, but also offer a comfortable environment for living and recreation. Its strategic location, well-thought-out infrastructure and partnership with leading construction companies make it one of the most anticipated projects in the region. Completion of construction is expected in the fourth quarter of 2027.

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