Dubai, UAE — Meraas, a member of Dubai Holding Real Estate, has awarded a AED 440 million construction contract to GCC Contracting for the City Walk Northline development, the company announced this week. The project will deliver 304 residential units across three eight-storey buildings by the third quarter of 2027, adding to Dubai’s expanding pipeline of Dubai off-plan residential projects.
The contract award comes as Dubai’s off-plan sector reached a record high in the third quarter of 2025, with 42,000 units sold and transaction values hitting AED 138 billion, according to consultancy Cavendish Maxwell. Off-plan properties now account for more than 70 percent of all residential transactions in the emirate, underscoring sustained investor confidence in the market.
Project Scope and Timeline
GCC Contracting will oversee construction of City Walk Northline 1, featuring 114 one- to three-bedroom apartments, and City Walk Northline 2, comprising two buildings with a combined 190 units in the same configuration. The developments are part of the broader expansion of the City Walk neighborhood, positioned between Jumeirah Street and Sheikh Zayed Road.
Also read: Meraas Launches 201 New Villas and Townhouses in Latest Phase of Nad Al Sheba Gardens
“City Walk Northline represents a significant milestone in the ongoing development of one of Dubai’s most dynamic lifestyle destinations,” stated Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate. “The three residential buildings have been thoughtfully designed to embody the energy and style of this unique neighbourhood, while providing residents with the highest standards of contemporary design and aesthetics.”
Market Context and Demand Drivers
The project launch aligns with robust fundamentals in Dubai’s residential market, where developers have shortened construction timelines to meet surging demand. Average project cycles have fallen to 880 days from 1,340 days in 2023, according to Cavendish Maxwell. The consultancy noted that 9,400 new homes were completed in the third quarter, with the delivery pipeline through 2028 expanding to 366,000 units.
Industry data shows apartments continue to dominate demand, representing 76.7 percent of off-plan sales transactions in the first half of 2025. Mid-income buyers and mortgage-backed purchases are powering current market activity, with transaction volumes rising 10 percent year-on-year in October 2025 despite a slight value dip.
Design and Amenities
City Walk Northline will feature private terraces, infinity-edge pools, fitness centers, and communal spaces designed to offer what the developer describes as an “urban retreat” aesthetic. The buildings’ minimalist exterior draws design inspiration from nearby landmarks including The Green Planet, Central Park, and City Walk’s retail zones.
Also read: Dubai Luxury Property Market Hits $2 Billion in Q3 2025
Bipin Chandran, Executive Director and CEO at GCC Contracting, said: “We are pleased to partner with Meraas as the construction partner for City Walk Northline. This project will further enhance Dubai’s residential landscape and reflects our shared commitment to delivering developments of exceptional quality.”
Location Advantages
The development’s location provides proximity to Coca-Cola Arena, Dubai Mall, and Jumeirah Beach, positioning it within Dubai’s central corridor that has seen consistent demand from both end-users and investors. City Walk itself has emerged as an established lifestyle destination blending retail, leisure, and residential components.
Meraas has multiple Dubai off-plan residential projects in the pipeline across the emirate, including phases of The Acres in Dubailand and Atelis near Ras Al Khor Wildlife Sanctuary. The developer, which operates under Dubai Holding Real Estate alongside Nakheel and Dubai Properties, has established a portfolio spanning master-planned communities and urban lifestyle developments.
Investment Outlook for Indian Buyers
For Indian investors, Dubai off-plan residential projects like City Walk Northline offer several strategic advantages, according to market analysts. The emirate delivered 8 to 15 percent rental yields in 2025, significantly outperforming Mumbai’s 2 to 4 percent and Bangalore’s 3 to 5 percent returns. Dubai imposes no capital gains or rental income taxes, with only a 4 percent Dubai Land Department registration fee.
Property transactions in Dubai surpassed 175,000 deals worth AED 500 billion in 2025, reflecting continued foreign capital inflows supported by long-term visa reforms. Indian nationals remain among the top nationality groups investing in Dubai real estate, drawn by tax-free returns, cultural proximity, and direct flight connectivity from major Indian cities.
The mid-luxury apartment segment that City Walk Northline targets has shown particular resilience, with one- to three-bedroom units attracting both mortgage-backed end-users and investors seeking yield-generating assets. Cavendish Maxwell projects demand to remain firm into 2026, though analysts note that the large supply pipeline could gradually balance pricing over the next two years.
Discover more from Invest Dubai Today - Dubai Realty Insights
Subscribe to get the latest posts sent to your email.
