Global Partners, a Dubai Financial Services Authority-regulated institutional fund manager, has appointed Dubai Contracting Company (DCC) as the main contractor for its ‘Eden House The Park’ project in Dubai, United Arab Emirates (UAE).
Eden House The Park, the second project under Global Partners’ Property Fund I, will offer one- to four-bedroom apartments and penthouses.
The construction of the project is expected to be completed in 2027.
Global Partners managing partner and CEO Martin Linder said: “The appointment of DCC is a further step for us at Global Partners in our ongoing mission to introduce exceptional developments that emphasise 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.”
The development comprises green spaces, wellness facilities, and a contemporary living experience.
DCC has completed the enabling works at the site, with the company playing a role in erecting some of Dubai’s structures such as the Four Seasons Beach Resort and Business Hotel, Four Seasons Residences on the Dubai Canal, Rolex Tower, and City Tower 1.
Eden House The Park is designed to provide a walkable community environment adjacent to the Dubai Water Canal.
The project is one of two luxury developments by Global Partners, which closed its first property fund in January 2023 after raising $212m.
This fund saw 35% contributions from North America, 37% from Europe, and 27% from the UAE.
Global Partners’ investment strategy continues with its second fund, Global Partners Property Fund II, which aims to develop a mixed-use community in the second phase of Dubai Healthcare City in Al Jaddaf.
