Parkway International Contracting LLC has secured the main construction contract for Phases 2 and 4 of Bay Grove Residences on Dubai Islands. Nakheel, part of Dubai Holding Real Estate, announced the award on 26 October 2026. The contract is valued at more than AED 950 million. As the main contractor for Phases 2 and 4, we will build 617 one- to four-bedroom homes across eight residential buildings. Our scope also includes basement works, associated infrastructure and resident amenities, including swimming pools, sports courts and fitness centres. Phase 2 comprises 360 homes across four buildings, with main construction works expected to be completed in late 2028. Phase 4 comprises a further 257 homes across four buildings, with completion expected in the second quarter of 2029. In Nakheel’s announcement, Tarek Zoabi, Managing Partner of Parkway International Contracting LLC, commented, “We are pleased to partner with Nakheel on the next stages of Bay Grove Residences.” He emphasised that the team would focus on safe, disciplined delivery across both phases, with particular attention to construction quality, coordination and adherence to the agreed programme.