Meraas Awards $120M City Walk Northline Contract | Dubai 2025

Dubai developer Meraas has awarded a AED 440 million (~US$ 120 million) contract to GCC Contracting for the construction of City Walk Northline, an ambitious residential expansion within Dubai’s premier lifestyle district.

Project Overview & Location

The contract covers three premium buildings delivering 304 units by Q3 2027:

• Northline 1: eight-storeys, 114 units (1- to 3-bed);

• Northline 2: two eight-storey buildings, 190 units (1- to 3-bed).

Situated in the heart of the City Walk precinct — a dynamic mixed-use zone combining high-end residences, retail, dining and entertainment — the development blends urban convenience with premium finishes and lifestyle amenities.

Why It Matters for Investors

• Lifestyle-led location: City Walk is among Dubai’s fastest-growing neighbourhoods for young professionals and international residents, enhancing long-term rental and value potential.

• Strong developer endorsement: With Meraas partnering GCC Contracting, delivery and quality expectations are reinforced — key for off-plan investor confidence.

• Early-entry opportunity: Launching now gives buyers a chance to secure units before full-market absorption, potentially enhancing capital appreciation and yield.

Outlook

As Dubai’s real-estate narrative shifts toward lifestyle-centric, mixed-use communities beyond traditional hubs, City Walk Northline exemplifies the new direction. For Masid Properties’ clients, this project is a marker for opportunity in Dubai’s evolving mid-premium residential segment.