Dubai Holding awards record Dhs5bn contract for new headquarters
Scheduled to open in 2029, Dubai Holding’s new headquarters will consolidate the group’s businesses into a single workplace designed to promote collaboration, sustainability and employee wellbeing
09 September, 2026
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Dubai Holding has awarded its largest-ever construction contract, signing a Dhs5bn agreement with China State Construction Engineering Corporation Middle East (CSCEC ME) to build its new headquarters and the Jumeirah Residences Emirates Towers development.
HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Holding, witnessed the signing ceremony, which was also attended by His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, Her Excellency Ou Boqian, Consul General of the People’s Republic of China in Dubai and the Northern Emirates, Amit Kaushal, group CEO of Dubai Holding, Tian Sanchuan, chairman of CSCEC ME, and senior representatives from both organisations.
The Dhs5bn contract is the largest construction award made by Dubai Holding to date, reflecting the group’s continued investment in projects supporting Dubai’s long-term economic growth.
Scheduled to open in 2029, Dubai Holding’s new headquarters will consolidate the group’s businesses into a single workplace designed to promote collaboration, sustainability and employee wellbeing. The project will also include Jumeirah Residences Emirates Towers, comprising 754 branded residences across two towers in one of Dubai’s prime commercial districts. The residential development is expected to be completed in 2030.
Sheikh Ahmed bin Saeed Al Maktoum said: “Dubai’s success has been built on a clear vision for the future, the confidence to invest with purpose and the discipline to turn ambition into progress. We continue to build from a position of strength, committing capital to assets that support economic growth and create value for our people, communities and future generations.
“For more than two decades, Dubai Holding has been an important contributor to the emirate’s transformation, enabling economic activity equivalent to 30 per cent of Dubai’s GDP. This investment reflects the same long-term ambition: to keep setting new standards for what a global city can achieve, and to strengthen Dubai as a global hub for business, investment and talent.”
The headquarters has been designed by Skidmore, Owings & Merrill (SOM), the architectural firm behind several of the world’s landmark buildings. Featuring a distinctive circular design, the building will be centred around an open-air atrium and landscaped courtyard, with expansive terraces intended to encourage collaboration.
Dubai Holding said the headquarters has been designed with sustainability, technology and employee wellbeing at its core, with ambitions to meet leading international sustainability and workplace wellbeing standards while supporting a lower-carbon future.
Amit Kaushal, group CEO of Dubai Holding, said: “This commitment reflects the scale at which Dubai Holding continues to invest for the future. We have a clear strategy for growth and a disciplined approach to capital deployment, focused on strengthening our portfolio, advancing high-quality assets and creating sustainable long-term value for the Group and the city.
“Our new headquarters marks the next phase in our evolution. Built to world-class design principles, it sets a new benchmark for prime office space in Dubai and is designed for the people who will shape our future, today and in the years to come. Jumeirah Residences Emirates Towers carries the same ambition in another form, adding a residential landmark to one of Dubai’s most prominent districts and adding further strength to our real estate portfolio.”
CSCEC ME will also construct Jumeirah Residences Emirates Towers, a flagship Meraas development designed by SCDA Architects. The branded residences will combine contemporary architecture with Jumeirah’s hospitality offering and feature a range of lifestyle, wellness and leisure amenities, alongside direct connectivity to Dubai’s key business and cultural destinations.
Tian Sanchuan, chairman of CSCEC ME, said: “We are honoured to have been awarded these landmark projects by Dubai Holding, reflecting the mutual trust and confidence between our two organisations.
“These landmark developments reflect the resilience and strength of Dubai’s economy and reinforce our confidence in its continued growth. We remain committed to Dubai and are proud to contribute to the development of this remarkable city and its ambitious future.”
Operating in the UAE since 2003, CSCEC ME has delivered more than 110 large-scale residential, commercial, hospitality and infrastructure projects across the Gulf region.




















