UAE - Mubasher: Emirati-founded real estate developer Amaal has appointed CITIC Middle East Contracting LLC as the main contractor for Mansory Residences in Dubai, valued at AED 1.80 billion, according to a press release.
Backed by its China-based parent company, CITIC Construction Limited, the group will oversee the full turnkey construction of the project, which is scheduled for completion in the fourth quarter (Q4) of 2028.
As the main contractor, CITIC Middle East Contracting will be responsible for the structural works and all mechanical, electrical, and plumbing systems. Its scope also includes the integration of advanced smart home technologies, VIP automotive facilities, and the carbon-fiber-inspired design elements that define the MANSORY brand.
Li Sheng, General Manager of CITIC Middle East Contracting, commented: "This partnership reflects our vision of creating long-term value through engineering excellence, and we look forward to delivering a landmark that reflects the combined vision of Mansory and Amaal, bringing an extraordinary standard of elegance and performance to the city."
Hamid Kerayechian, CEO and Founding Partner of Ayana Holding, noted: "Partnering with CITIC Middle East Contracting LLC as the main contractor for Mansory Residences ensures that our vision for a design-led, ultra-luxury tower is realized with exceptional craftsmanship and meticulous attention to detail. Their experience in delivering complex, high-end developments globally, gives us confidence that this project will meet the exacting standards our investors and residents expect."
In Dubai, property sales reached AED 176.70 billion during Q1-26, with transaction values rising 23.40% year-on-year (YoY).
