Meraas, part of Dubai Holding Real Estate, has awarded a $517 million (AED 1.9 billion) contract to United Engineering Construction (UNEC) for the construction of its exclusive standalone villa community, The Acres.
The agreement covers the first release comprising 642 villas and associated community facilities, with completion targeted for the fourth quarter of 2027.
Thoughtfully planned around Halo Loop Park, The Acres connects neighborhoods through expansive green spaces and well-integrated social infrastructure.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said that, “The Acres represents the next chapter in Meraas’ vision to create neighborhoods where design, sustainability and wellbeing come together seamlessly.”
Eng. Abdul Halim Muwahid, Chairman of UNEC, stated that, “Our commitment to international best practices and innovative construction standards will ensure this development delivers outstanding quality and robust sustainability performance.”
Sustainability is embedded in every aspect of The Acres, with measures in place to achieve an 80 percent reduction in per capita greenhouse gas emissions compared to the national average and a 33 percent decrease in water usage compared to the UAE average consumption, with all irrigation needs met through treated wastewater. The project has achieved LEED Gold Pre-Certification for Cities & Communities.
The Acres is a serene and luxurious residential development in the heart of Dubailand with exclusive neighborhood that harmoniously connects indoor and outdoor spaces to provide an unmatched lifestyle with a fusion of nature and elegance. Set amidst tranquil gardens and shimmering azure, it includes 1,200 modern villas with three-to-seven bedroom, featuring open plan layouts and double-height living spaces.
