Nakheel Awards AED 950M Contract to Parkway International for Bay Grove Residences on Dubai Islands
Nakheel has awarded Parkway International Contracting a contract valued at over AED 950 million for Phases 2 and 4 of Bay Grove Residences on Dubai Islands, encompassing 617 residential units.
Master developer Nakheel has awarded a contract valued in excess of AED 950 million ($258.6 million) to Parkway International Contracting LLC for the construction of Phases 2 and 4 of Bay Grove Residences on Dubai Islands. The scope covers 617 residential units across the development, representing another significant civil construction and residential package release on Nakheel's flagship island master plan.
The AED 950M+ package underscores continuous momentum in Dubai's waterfront residential sector and reinforces Dubai Islands as a primary growth corridor. Major multi-million-dirham awards maintain high tender and execution volumes across main contractors and tier-one subcontractors.
Equipment dealerships and rental houses in Dubai will see sustained demand for earthmoving machinery, crawler excavators, foundation piling rigs, and mobile cranes to support early-stage excavation, substructure works, and high-volume residential vertical construction.
Dubai, UAE; Dubai Islands master-planned coastal development.
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