Nakheel Awards Dh2.6 Billion Dubai Islands Contract For 600 Luxury Villas

Dubai-based master developer Nakheel has announced a Dh2.6 billion contract for the construction of its Bay Villas project on Dubai Islands, making it one of the largest property development deals signed in the UAE so far in 2025.

The contract was awarded to Fibrex Contracting, which will deliver more than 600 luxury homes designed across five distinct property styles.

Key Highlights of the Project

Project Value: Dh2.6 billion
Developer: Nakheel
Contractor: Fibrex Contracting
Units: 600+ luxury villas
Location: Dubai Islands
Completion Style: Five property types, including villas, townhouses, and semi-detached homes

What Will the Villas Include?

The development focuses on premium waterfront living with modern design and spacious layouts.

Three-storey beachfront villas will offer:

Six bedrooms
Rooftop lounge and terrace
Show kitchen and formal dining space
Expansive plots for privacy and outdoor living

In addition to beachfront villas, the project includes:

Garden Villas
Semi-detached Villas
Townhouses (set in 4–6 home clusters with private gardens)

Statement from Nakheel’s Leadership

Khalid Al Malik, CEO of Dubai Holding Real Estate, emphasized:

“This project brings to life our vision of creating waterfront communities that combine luxury, wellbeing, and privacy while offering residents an unmatched island living experience.”

Why This Project Matters

Factor	Significance
Scale	Among the largest UAE property contracts of 2025
Design	Focus on luxury, privacy, and island living
Partnership	Nakheel continues collaboration with Fibrex, which previously worked on District One West
Market Impact	Strengthens Dubai’s position as a global hub for high-end waterfront real estate

Key Takeaway

The Bay Villas on Dubai Islands is set to redefine luxury coastal living in Dubai. With over 600 homes under development, it highlights both Nakheel’s long-term vision and the UAE’s continued investment in premium real estate projects in 2025.