Chinese state company wins $272M Dubai tower project

China Railway 18th Bureau Group has secured a contract valued at roughly $272 million to construct 34- and 41-storey residential towers in Dubai, as demand for premium housing in the emirate continues to grow.

China Railway 18th Bureau Group, a unit of state-owned China Railway Construction Corporation, has secured a contract valued at approximately $272 million (AED 1 billion) to construct a pair of residential towers in Dubai, GCR reports.

The development, known as Mercer House and being built for developer Ellington Properties, will feature two towers of different heights: a 34-storey North Tower and a 41-storey South Tower. The buildings will offer a range of residential units, including studios and one, two, and three-bedroom apartments, along with four-bedroom penthouses.

The project will include extensive amenities, such as dining and beverage outlets, a beach club, fitness facilities, a sports hall, a clubhouse, and shared community areas.

Mercer House is being developed as part of an initiative by the Dubai Multi Commodities Centre (DMCC), a free-trade zone operated by a sovereign wealth fund.

Ahmed Bin Sulayem, chairman of DMCC, commented: “Demand for integrated, high-quality communities is higher than ever, particularly in prime locations such as Uptown Dubai. With Mercer House, we are meeting this head-on by delivering a refined and vibrant residential experience.”