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Dubai developers award construction contracts worth billions of dirhams
Khaleej Times
|April 15, 2026
Dubai developers have announced the awarding of construction contracts worth billions of dirhams, reflecting confidence in the local property market, as well as strong liquidity and cash flow enjoyed by real estate companies following five years of robust sales.
Dubai Properties, a member of Dubai Holding Real Estate, has awarded contracts worth nearly Dh1.1 billion to Metac General Contracting for the construction of 850 townhouses at Villanova in Dubailand.
The award covers Phase 1 and Phase 2 of La Tilia, comprising 500 three-bedroom and 350 four-bedroom homes. Phase 1 will deliver 410 units, with Phase 2 adding a further 440 homes. Villanova has delivered 3,834 homes to date.
"The award of these contracts reflects continued demand for high-quality, family-focused communities in Dubai. Villanova has demonstrated strong buyer appeal, and this expansion builds on that momentum," said Khalid Al Malik, CEO of Dubai Holding Real Estate.
This story is from the April 15, 2026 edition of Khaleej Times.
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