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Dubai’s Damac awards contracts worth $381m in Jan-Feb
Developer Damac Properties says it awarded contracts worth AED 1.4 billion ($381 million) during January and February 2017 for its projects in Dubai.
A total of 121 deals were signed, including construction, supplier and consultancy contracts, Damac said in a statement. It added that it forecasts “a year of robust growth” ahead.
The main contracts were awarded for five projects, including the golf community Akoya Oxygen, as well as Damac Hills, Aykon City on Sheikh Zayed Road, and Avanti Tower in addition to Merano Tower, both in the Business Bay area.
In 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 awarded contracts for Aykon City include specialist design services and piling works packages, while those for Merano Tower encompass the main works package.
“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,” said Mohammed Tahaineh, Senior Vice President for Commercial at Damac Properties.
