The 594-unit villa project is located in the Dubai Investment Park area
Dubai-based real estate developer Damac Properties has appointed Chinese contractor China Nuclear Industry No. 22 Construction Company (CNNCC) as the main contractor to build its Damac Riverside villas project.
The 594-unit residential project is located in the Dubai Investment Park area.
The project award follows Damac's appointment of CNNCC as the main contractor for its Damac Casa tower.
Damac Casa is a 43-storey residential building being built in the Al-Sufouh 2 area of Dubai.
Dubai’s heightened real estate activity is in line with GlobalData’s forecast that the construction industry will register annual growth of 3.9% in 2025-27, supported by investments in infrastructure, renewable energy, oil and gas, housing, industrial and tourism projects.
The residential construction sector is expected to record an annual average growth rate of 2.7% in 2025-28, supported by private investments in the residential housing sector, along with government initiatives to meet rising housing demand.
You might also like...
UAE bank asset quality hinges on property market
03 April 2026
Safety and security matters
03 April 2026
Saudi forecast remains one of growth
03 April 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
