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Home » Meraas Invests $517 Million in Dubai Luxury Villa Development

Meraas Invests $517 Million in Dubai Luxury Villa Development

In a significant advancement in Dubai real estate, Meraas has awarded a contract valued at AED 1.9 billion ($517 million) to United Engineering Construction (UNEC) for the development of The Acres, a luxurious standalone villa community located in Dubailand. This venture not only marks an important milestone for Meraas but also enhances the landscape of Dubai’s residential offerings, contributing to the city’s ongoing evolution as a global real estate hub.

The Acres Project Details

Meraas’s agreement with UNEC encompasses the initial phase of The Acres, which will feature a total of 642 villas along with various community amenities. The completion of this extensive project is targeted for the fourth quarter of 2027.

These elegant villas will offer options of three, four, and five bedrooms, varying in size from 3,048 to 6,001 square feet. Each residence is designed to include private gardens, seamlessly connected by beautifully landscaped paths that lead to the central Halo Loop Park and an interconnected network of swimmable lagoons.

Vision for Community Living

Khalid Al Malik, CEO of Dubai Holding Real Estate, remarked, “The Acres represents the next chapter in Meraas’ vision to create neighborhoods where design, sustainability, and wellbeing come together seamlessly.”

He emphasized that this collaboration with UNEC underscores the commitment to building homes that highlight Dubai’s architectural excellence and align with the broader goals outlined in the Dubai 2040 Master Plan. According to Al Malik, “To bring that vision to life, we are shaping communities that elevate everyday life and set new benchmarks for future-ready living.”

Eng. Abdul Halim Muwahid, Chairman of UNEC, expressed pride in partnering with Meraas on The Acres. He noted, “This project reflects Dubai’s continued leadership in residential excellence.” He assured that their adherence to international best practices and innovative construction standards will guarantee high quality and sustainability for this development.

Innovative Sustainability Initiatives

The Acres is designed around the central Halo Loop Park, promoting community interaction through expansive green spaces and well-planned infrastructure. Several sustainability objectives have been established, including:

  • Achieving an 80 percent reduction in per-capita greenhouse gas emissions compared to national averages
  • Aiming for a 33 percent decrease in water usage in relation to the UAE average
  • Utilizing 100 percent irrigation sourced from treated wastewater

This commitment to sustainability has enabled The Acres to obtain LEED Gold Pre-certification, which highlights Meraas’ dedication to environmentally responsible urban development.

Residents of The Acres will enjoy a wide range of facilities, including a nursery, school, clinic, mosques, and clubhouses, all conveniently connected by Halo Loop Park and its seven themed gardens. Additional amenities will encompass walking and cycling trails, outdoor fitness areas, children’s playgrounds, swimming pools, and designated sports facilities.

The unveiling of The Acres is expected to significantly enhance the Dubai real estate scene, creating a vibrant community focused on modern living while prioritizing sustainability and wellness.

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