Business

Drake & Scull Enter Dubai’s Real Estate Sector

Drake & Scull International PJSC (DSI), specialising in contracting services for mechanical, electrical, and plumbing (MEP), as well as oil and gas, water and wastewater treatment projects, announced that it is embarking on an exciting new chapter with its inaugural venture into commercial real estate development.

In a strategic move that signals a bold expansion beyond its core contracting business, DSI has acquired a prime plot in Majan, Dubai, and will be developing a cutting-edge mixed-use commercial building from the ground up.

This landmark project marks DSI’s debut into property development, reflecting the Company’s vision to diversify its portfolio and capitalise on Dubai’s thriving real estate sector. By taking full ownership of the development process, from concept to completion, DSI is poised to redefine its role in the market, by expanding its value proposition and redefining its market presence as both builder and owner.

Vision for Growth

DSI CEO Muin El Saleh said that for years, DSI has been synonymous with engineering excellence and large-scale construction and now they were taking a transformative leap forward by entering the development space, a natural progression that allows us to leverage our deep industry knowledge while creating lasting assets.

According to him, this project is more than just a building and is a testament to his company’s resilience and ambition to evolve with the market. By diversifying into development, DSI was securing new revenue streams, strengthening its brand, and contributing to Dubai’s urban transformation.

“Our expertise in delivering complex projects gives us a unique advantage in this venture. We understand the intricacies of construction, cost efficiency, and quality control, all of which are critical elements that will set our developments apart. This is just the beginning of a new strategic direction for DSI, and this project will be one of many developments we plan to undertake as part of the company’s transformation into a more diversified, forward-looking enterprise,” he added.

Project Overview

Designed as a modern hub for businesses and retail, the project will feature over 156,000 sq. ft. of built-up area, including more than 10,000 sq. ft. of premium retail space on the ground floor and over 67,000 sq. ft. of high-efficiency office spaces across nine floors.

The three-level podium parking will accommodate approximately147 vehicles, ensuring convenience for tenants and visitors.

DSI has partnered with Bel-Yoahah Architectural and Engineering Consultants for end-to-end design and supervision, ensuring the project meets the highest standards of functionality and aesthetic appeal.

With soil investigations and topographic surveys already completed, the Company is now finalizing approvals to commence construction, targeting completion by the end of 2026.

A New Era for DSI        

By controlling every aspect of this development, from land acquisition through delivery, DSI is strategically positioning itself to capture greater value while leveraging its decades of construction expertise to create premium, efficient commercial spaces.

This shift not only diversifies the Company’s revenue streams but also establishes DSI as an integrated real estate player capable of delivering end-to-end solutions in Dubai’s dynamic market.

The move into property development reflects DSI’s confidence in the UAE’s economic vision and its own ability to innovate.

As the company expands into this new role, it promises to bring its deep market knowledge, proven project execution capabilities, and a commitment to quality that will distinguish its developments. This project serves as the foundation for DSI’s expanded future in real estate, where it aims to combine its construction excellence with visionary development to shape the next generation of commercial spaces in the region.

Global Business Magazine

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