Nakheel awards new AED 2.6 billion contract to develop Bay Villas community at Dubai Islands
18th August 2025
Dubai, UAE; 18 August 2025: Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED 2.6 billion to Fibrex Contracting L.L.C. for the construction of the Bay Villas project at Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest waterfront community development.
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