Al Seeb Real Estate Development appoints ABC for $200 million high-rise residential project in Dubai

Al Seeb Real Estate Development has appointed Ancient Builders Constructions as the primary contractor for The Chedi Private Residences, a $200 million high-rise project in Dubai. Featuring 117 luxury units across 53 storeys, the skyscraper is advancing through initial site preparation toward a targeted completion in early 2029.

Al Seeb Real Estate Development has initiated the primary construction phase for its $200 million high-rise development on Sheikh Zayed Road in Dubai following the selection of Ancient Builders Constructions (ABC) as the main contractor. Named The Chedi Private Residences, the 53-storey skyscraper will stand 250 meters tall and encompass roughly 1.25 million square feet of gross floor area. Al Seeb Real Estate Development is a United Arab Emirates-based property firm specializing in high-end real estate ventures. According to official disclosures, early site preparation—including shoring, piling, and excavation—is already in progress, with the overall build targeted for completion in the first quarter of 2029.

The luxury residential structure will offer 117 premium units comprising mansions, duplexes, and villas managed under license by Chedi Hospitality. To support project execution, MBM Gulf Electromechanical has been assigned to oversee mechanical, electrical, and plumbing engineering, while Model Engineering Consultants will serve as the lead architect of record and engineering advisor. The development represents a notable addition to Dubai's growing portfolio of branded private residences, which combine hospitality services with private ownership.

This development highlights sustained momentum within Dubai’s premium real estate sector, particularly the branded residential segment, which has increasingly attracted international high-net-worth buyers seeking serviced living spaces. By securing major contracting and engineering partners, the project reinforces institutional confidence in large-scale urban infrastructure investments along the Sheikh Zayed Road corridor, one of the Emirate's primary commercial arteries.

For the regional construction and engineering sector, the commencement of this major tower reflects steady demand for specialized electromechanical, structural, and architectural services. The involvement of dedicated electromechanical contractors and design consultancy firms underlines the technical complexity involved in executing supertall residential towers in dense urban environments, driving contract activity across the construction supply chain in the United Arab Emirates.

From an investment perspective, the project aligns with broader capital inflows into Gulf Cooperation Council real estate markets, driven by favorable regulatory frameworks, economic diversification initiatives, and long-term residency policies. The integration of hospitality management into private residential developments offers developers higher premium pricing power while providing contractors with multi-year project pipelines through 2029.