Majid Al Futtaim has awarded Dutco Construction a AED 1.57 billion ($427 million) contract to develop Serenity Mansions, an ultra-luxury residential project within its flagship Tilal Al Ghaf community. The development, featuring 109 standalone mansions, aims to redefine high-end living in Dubai.
Project Overview
- Scope: Includes construction, interior fit-out, landscaping, gatehouses, and infrastructure for mansions ranging from 5 to 7 bedrooms (1,090–1,182 sqm).
- Design: Collaborations with SAOTA (architecture), Nabil Gholam Architects (exteriors), and BLINK Design (interiors), known for luxury hotels globally.
Amenities:
- Lagoon with beach, swimming pools, skate parks, and sports courts.
- Wellness facilities, landscaped gardens, and recreation areas.
- Underground garages and elevators in each mansion.
Strategic Significance
- Luxury Benchmark: Targets ultra-high-net-worth buyers with mansions priced from AED 25 million ($6.8 million), featuring customizable layouts and premium finishes.
- Location: Situated in Tilal Al Ghaf, a waterfront community with a man-made lagoon, near key business districts and schools.
- Delivery Timeline: Expected completion by Q4 2027, with some listings indicating a 2026 handover for select units.
The project aligns with Dubai’s Q1 2025 real estate surge, where luxury segments like Dubai Hills Estate (6.95% ROI) and Palm Jumeirah (AED 47.48M villas) dominate. Serenity Mansions complements Majid Al Futtaim’s portfolio, leveraging Dutco’s 50+ years of UAE construction expertise in landmarks like airports and hospitality projects.
Ahmed El Shamy, CEO of Majid Al Futtaim Properties, emphasized the project’s focus on “exceptional craftsmanship” to meet discerning clientele demands, while Nelson Gibb, Dutco Group CEO, highlighted precision and “new benchmarks for luxury.”
Payment Plans & Sales
- Starting Price: AED 25–35 million ($6.8–9.5 million), with 50% during construction and 50% on handover.
- Recent Sales: A 7-bed villa sold for AED 54.95 million ($15 million) in February 2025.