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Oracle shares up 35%

Huge AI contracts lead to the surge.

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EGA H1 revenue $4.11bn

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Meraas awards $544m contract

The contract worth $544m has been awarded to the Arabian Construction Company. (WAM)
By TRENDS Desk
March 11, 2025 8:06 pm
  • It includes the first residential community within Dubai Design District (d3), a global creative and design ecosystem.
  • Scheduled for completion by mid-2027, the Design Quarter at d3 comprises a collection of 558 apartments.

Dubai UAE — Meraas, a member of Dubai Holding Real Estate, has awarded a contract worth over AED 2 billion ($544 million) to Arabian Construction Company for the construction of Design Quarter at d3, which includes the first residential community within Dubai Design District (d3), a global creative and design ecosystem.

Scheduled for completion by mid-2027, the Design Quarter at d3 comprises a collection of 558 apartments. These are spread across three buildings – one low-rise and two towering skyscrapers – nestled within a landscaped podium.

This elevated podium serves as a communal area, linking the residential towers to form a social hub for the residents. This will include co-working spaces, an indoor-outdoor gym, pool facilities, barbecue areas and fun-filled zones for children’s activities.

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