Global Partners has announced the appointment of Dubai Contractors as the main contractor for the Eden House The Park project. This marks the second anticipated project under Global Partners’ first real estate fund, which is regulated by the Dubai Financial Services Authority.

With preliminary work at the project site already completed, Dubai Contractors will now handle the construction and development of Eden House The Park, which is scheduled for completion in 2027.

In January 2023, Global Partners closed its first real estate fund after raising $212 million (approximately 779 million dirhams). The fund sourced 35% of its financing from North America, 37% from Europe, and 27% from the United Arab Emirates. It currently manages two projects: Eden House The Canal and Eden House The Park.

Additionally, the company is preparing to launch its second fund, which will focus on developing a mixed-use community in the second phase of Dubai Healthcare City in the Al Jadaf area.