Naresco bags Dh450 mn construction contract for Meraas’ City Walk project

Staff Report

Dubai, UAE

Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth more than Dh450 million to Naresco Contracting LLC for the main construction works of Central Park Plaza, a high-end residential development in City Walk that is slated for handover in Q3 2027. It is the final addition to Central Park at City Walk.

Central Park Plaza features two towers: Tower A and Tower B that comprise 23 and 20 floors, respectively. The development offers a total of 212 homes ranging from one-, two-, three-, and four-bedroom apartments to four-bedroom townhouses and penthouses.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said, “Central Park Plaza at City Walk is poised to provide a new level of urban community lifestyle right in the heart of Dubai, embodying our commitment to develop refined destinations that prioritise community living and well-being. We are delighted to partner with Naresco Contracting on this project and have confidence in their ability to deliver an exceptional residential development that aligns with our vision of creating unparalleled living experiences in Dubai.”

Residents can access a wide range of amenities, including swimming pools and water play areas, a children’s play area, a running track, a dog park, multi-purpose games and sports lawns, tennis and squash courts, a half-court basketball court, a skate-able landscape, games tables, an outdoor gym and fitness station, a spa and sauna, yoga and meditation areas, dining outlets and retail stores, function rooms, a nursery, and an events area.

Omar Abdulla Al Arif, General Manager of Naresco Contracting, said, “We are excited to be part of City Walk’s expansion, which aims to solidify the destination’s status as the city’s most distinguished address for urban living within nature. This partnership with Dubai Holding Real Estate is a significant milestone for us as it marks our first collaboration with one of the largest integrated master developers in Dubai. This proud moment reflects our decades of growth, and we look forward to a long-term partnership to continue contributing to Dubai’s prominence on the global stage.”

Ends

Also read: Meraas unveils waterfront development City Walk Crestlane

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

Shamal to transform old Dubai Zoo site into lifestyle hub in Jumeirah 1

Staff Report Dubai, UAE Shamal, a diversified investment firm, has unveiled...

Sodic announces early handover of Vye residences in New Zayed, Egypt

Staff Report Dubai, UAE  Sodic, Egypt’s leading real estate developer, has...

RAK Properties announces 451-unit Solera in Downtown Mina

Staff Report Dubai, UAE RAK Properties, Ras Al Khaimah’s leading publicly...

Ajman developer unveils Dh350 mn Millennium-branded residences in JVT

Ishrath Jaigirdar Dubai, UAE Emirates Properties Group, a UAE-based developer with...