Global Partners Appoints Dubai Contracting Company To Construct Eden House The Park By Dubai Water Canal

Global Partners Limited (GP), a fund manager regulated by the DFSA and specializing in alternative investments, has entered a significant phase in its real estate venture. They have entrusted Dubai Contracting Company (DCC), a firm with a stellar reputation for its work on Dubai's skyline, with the construction of Eden House The Park.

This project, part of the Global Partners Property Fund I (GPPFI), is now moving forward with its construction phase after completing the preliminary works on site. Scheduled for completion in 2027, Eden House The Park will feature a range of luxury apartments and penthouses, from one to four bedrooms, nestled along the scenic Dubai Water Canal.

Eden House The Park aspires to foster a sense of community and well-being among its residents. It achieves this through its design that emphasizes lush greenery, wellness amenities, and a contemporary living space that encourages connectivity and a balanced lifestyle.

The project's location and offerings are designed to cater to those seeking a refined living experience within a walkable and vibrant setting. DCC's role in bringing this vision to life is crucial, given their extensive experience and expertise in the construction industry, which includes iconic projects such as the Four Seasons Beach Resort and Rolex Tower.

Martin Linder, the Managing Partner and CEO of Global Partners, expressed his enthusiasm about the partnership with DCC. He said, "The appointment of DCC is a further step for us at Global Partners in our ongoing mission to introduce exceptional developments that emphasize build quality, lifestyle, and long-term value.

"This marks a significant milestone for us, with one of the best-in-class contractors in the region taking the lead on Eden House The Park alongside our development partners, H&H Development."

DCC's CEO, Abdallah Yabroudi, also shared his thoughts, highlighting the evolution of Dubai's real estate market. "Dubai's property investment landscape is achieving unprecedented levels of sophistication, and we are honoured to have played a key role in extending this evolution across the region for over 63 years. We are confident that our partnership on Eden House The Park with Global Partners will further elevate the quality of lifestyle experiences in one of Dubai's most sought-after neighbourhoods on Dubai Water Canal."

The funding behind these ambitious projects stems from the successful closure of Global Partners' first property fund in January 2023, which raised a significant $212 million (AED779 million). The fund's investments, including Eden House The Canal and Eden House The Park, aim to set new benchmarks for luxury living in Dubai.

Additionally, Global Partners is planning further developments through its second fund, Global Partners Property Fund II, which focuses on creating a mixed-use community in Dubai Healthcare City's second phase in Al Jaddaf.