His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, witnessed the signing of an AED5 billion construction contract between Dubai Holding and China State Construction Engineering Corporation Middle East (CSCEC ME) for the delivery of Dubai Holding’s headquarters and Jumeirah Residences Emirates Towers.
The contract is the largest construction award made by Dubai Holding to date and forms part of the Group’s capital deployment into projects intended to support Dubai’s growth.
Dubai Holding said the headquarters will bring the Group’s businesses into one workplace focused on collaboration, sustainability and employee wellbeing. The building is scheduled to open in 2029 and will establish an address in one of Dubai’s commercial locations.
The contract will also advance construction of Jumeirah Residences Emirates Towers, comprising 754 branded residences across two towers at the same location.
AED5bn contract is Dubai Holding’s largest construction award to date
His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and Her Excellency Ou Boqian, Consul General of the People’s Republic of China in Dubai and the Northern Emirates, attended the signing ceremony.
They were joined by Amit Kaushal, Group Chief Executive Officer of Dubai Holding; Tian Sanchuan, Chairman of CSCEC ME; and representatives from both organisations.
“Dubai’s success has been built on a clear vision for the future, the confidence to invest with purpose and the discipline to turn ambition into progress. We continue to build from a position of strength, committing capital to assets that support economic growth and create value for our people, communities and future generations. For more than two decades, Dubai Holding has been an important contributor to the emirate’s transformation, enabling economic activity equivalent to 30% of Dubai’s GDP. This investment reflects the same long-term ambition: to keep setting new standards for what a global city can achieve, and to strengthen Dubai as a global hub for business, investment and talent,” His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding said in a statement.
Dubai Holding headquarters scheduled to open in 2029
Dubai Holding’s headquarters has been designed by Skidmore, Owings & Merrill (SOM), the architecture, engineering and urban planning practice responsible for buildings in markets around the world.
The headquarters will have a circular form and will be organised around an open-air atrium and landscaped courtyard. Terraces will form part of the office layout and are intended to support collaboration and interaction between employees.
Employee wellbeing, sustainability and technology are included in the design.
Dubai Holding said the building has been designed to support resource efficiency, workplace experience and the needs of its workforce. The Group aims for the project to meet international sustainability and wellbeing standards and support reductions in carbon emissions.
“This commitment reflects the scale at which Dubai Holding continues to invest for the future. We have a clear strategy for growth and a disciplined approach to capital deployment, focused on strengthening our portfolio, advancing high-quality assets and creating sustainable long-term value for the Group and the city. Our new headquarters marks the next phase in our evolution. Built to world-class design principles, it sets a new benchmark for prime office space in Dubai and is designed for the people who will shape our future, today and in the years to come. Jumeirah Residences Emirates Towers carries the same ambition in another form, adding a residential landmark to one of Dubai’s most prominent districts and adding further strength to our real estate portfolio,” Amit Kaushal, Group Chief Executive Officer of Dubai Holding added.
Jumeirah Residences Emirates Towers to include 754 residences
Kaushal said Jumeirah Residences Emirates Towers would add a residential development to the district and expand Dubai Holding’s real estate portfolio.
“Jumeirah Residences Emirates Towers carries the same ambition in another form, adding a residential landmark to one of Dubai’s most prominent districts and adding further strength to our real estate portfolio,” he said.
CSCEC ME will deliver Jumeirah Residences Emirates Towers as a residential development by Meraas.
The project has been designed by SCDA Architects and will combine its architecture with Jumeirah’s Arabian hospitality and service offering. It will also include a collection of lifestyle, wellness and leisure experiences.
Dubai Holding said the development will have direct connectivity to business, cultural and lifestyle destinations in Dubai.
Handover is scheduled for 2030.
CSCEC ME has operated in the UAE since 2003
“We are honoured to have been awarded these landmark projects by Dubai Holding, reflecting the mutual trust and confidence between our two organisations. CSCEC ME’s journey in Dubai has been made possible by its exceptional business environment, founded on openness, transparency, fairness and opportunity, and shaped by the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum. These landmark developments reflect the resilience and strength of Dubai’s economy and reinforce our confidence in its continued growth. We remain committed to Dubai and are proud to contribute to the development of this remarkable city and its ambitious future,” Tian Sanchuan, Chairman of CSCEC ME said.
CSCEC ME has operated in the UAE since 2003 and has delivered more than 110 projects across the Gulf. Its work covers residential, commercial, hospitality and infrastructure projects.
The company is supported by its parent, China State Construction Engineering Corporation, which is one of the world’s largest construction and investment groups.
