Nakheel, a subsidiary of Dubai Holding Real Estate, has awarded a contract worth AED 2.6 billion (USD 708 million) to Fibrex Contracting LLC for the construction of the “Gulf Villas” project within Dubai Islands.
The landmark Dubai Islands development spans 18.6 square kilometers across five islands and features 59 kilometers of waterfront and over 20 kilometers of beaches, in addition to green spaces, parks, golf courses, walking paths, and cycling tracks.
The project is part of the Dubai Urban Master Plan 2040, which aims to foster sustainable growth and enhance the quality of life in the emirate.
