Meraas, a member of Dubai Holding Real Estate, announced awarding an over AED1 billion ($27.22 million) construction contract for its Bluewaters Bay project to China State Construction Engineering Corporation (Middle East).
The announcement marks a significant step in creating Dubai’s next iconic waterfront destination, with completion scheduled for Q4 2027, the company said.
Bluewaters Bay will feature two residential towers linked by a dynamic podium, offering 678 apartments, ranging from one to four bedrooms, including penthouses.
The development will also host retail and F&B outlets on the podium level.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said the project reflects the company’s commitment to crafting exceptional waterfront communities that elevate Dubai’s dynamic urban landscape.
“We are confident that China State Construction Engineering Corporation’s expertise will bring this vision to life, creating a destination that residents and visitors will cherish,” he said.
Al Malik said residents of the Bluewaters will enjoy unparalleled access to world-class entertainment such as Ain Dubai, pristine beaches, and a curated selection of retail and dining experiences.
Tian Sanchuan, President of China State Construction Engineering Corporation (Middle East) (LLC), said the company is proud to collaborate with Dubai Holding Real Estate on the construction of Meraas’ prestigious Bluewaters Bay project.
“We look forward to leveraging our expertise to deliver this visionary destination and set new standards for quality and excellence,” he said.
Bluewaters Bay seamlessly integrates with Dubai’s vibrant waterfront, extending the allure of Marina Walk and the Bluewaters boardwalk.
Located within walking distance of Jumeirah Beach Residence (JBR) and a short drive from the new Al Maktoum International Airport, this expanded waterfront destination offers both convenience and a wealth of lifestyle options, the company said.
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