Drake & Scull Secures $14.4 MN MEP Contract for Ritz-Carlton Residences

Dubai-listed engineering and construction firm Drake & Scull International (DSI) has secured a AED 52.8 million ($14.4 million) mechanical, electrical and plumbing (MEP) contract for The Ritz-Carlton Residences in Business Bay.

The contract was awarded by the Khamas Group of Investment companies, a UAE-based real estate developer, through its project development arm, Kappa Acca Real Estate.

The Ritz-Carlton Residences, Dubai, Business Bay is an 18-storey, 48-key luxury development rising above the Dubai Water Canal, offering residents sweeping views toward the Burj Khalifa and Downtown Dubai. The project is being delivered in partnership with Marriott International, with interiors designed by Paris-based Ana Moussinet and the architectural concept led by Milan's MMA Projects. 

According to the developer, residents will have access to a resident-only spa, theatre and café, a rooftop lounge with a teak deck and pool, and round-the-clock concierge services managed by Ritz-Carlton staff, including personal chef, butler and private transport arrangements.

DSI has secured several key projects since the company underwent a major restructuring in 2024, which included a plan to increase capital by up to AED 600 million. In May, the company reported an 81% year-on-year rise in Q1 profit to AED 4.4 million, with revenues hitting AED 76.6 million, a 152% year-on-year increase.

This contract award adds to a run of high-value MEP and construction awards tied to branded residential projects in Business Bay, a district that has increasingly positioned itself around global hospitality names like Ritz-Carlton, Marriott and their peers. Branded residences continue to command a premium over unbranded stock in Dubai's luxury segment, and developers are leaning on that premium to justify the technical complexity and cost of these builds. Contract activity of this size on a single tower is also a signal of how much execution work is still flowing into Business Bay's canal-front corridor, even as other parts of the city shift focus toward newer waterfront and master-planned communities.

Source: ZAWYA