Real Estate

Damac awards $381m contracts

April 2017

Damac Properties has awarded 121 construction, supplier and consultancy contracts valued at Dh1.4 billion ($381 million) in Dubai in the first two months of the year.

The main contracts have been awarded for the provision of various services at five of Damac’s projects in Dubai, including the golf community Akoya Oxygen, Damac Hills, Aykon City on Sheikh Zayed Road, Avanti Tower, and Merano Tower (see Contractors) in the Business Bay area. 

At Damac Hills, the contracts include the main works package for the Golf Villas, as well as the landscape, irrigation works, water features for the approach roads and furniture and accessories for the Park Villas.

The contracts for the Akoya Oxygen master-development cover consultancy services for the provision of supervision services, main works packages, roads and infrastructure works packages, as well as concept design.

The contracts awarded for Aykon City include specialist design services and piling works packages, while those for Merano Tower encompass the main works package.

Mohammed Tahaineh, the senior VP (Commercial), says: “Sustaining momentum from the successful launch of the Trump International Golf Club Dubai at Damac Hills, work has been steadily progressing at Damac Hills as the community takes shape.”

“We are also pleased with the of progress at Akoya Oxygen, Aykon City, Avanti Tower and Merano Tower and our appointment of these reputable contractors, consultants and suppliers to get the work completed on our projects at various stages of development,” he says.


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