DAMAC Properties Awards 285 Contracts Worth AED 5.25 Billion

DAMAC Properties Awards 285 Contracts Worth AED 5.25 Billion to Date in 2016.

DAMAC Properties recently announced that it has awarded 285 construction and consultancy contracts worth AED 5.25 billion across the GCC and UK during the period between January and August 2016.

The awarded contracts cover the public realm landscaping in AKOYA by DAMAC, villas at both AKOYA by DAMAC and AKOYA Oxygen as well as infrastructure and the Golf course construction at AKOYA Oxygen. To deliver these works, DAMAC Properties has appointed some of the industry’s major names such as China State Construction Engineering, Al Arif Contracting LLC, Ghantoot Gulf Contracting, KEO International Consultants, LACASA Architects & Engineering Consultants among others.

Ziad El Chaar, Managing Director, DAMAC Properties said: “AKOYA by DAMAC continues to make great progress with the Golf course completed and the handover of 1,350 villas and apartments this year. In AKOYA Oxygen, seven main contractors have been appointed so far and the construction of 6,380 villas is in various stages of development, with many reaching level one. The Golf course works are under progress while the backbone infrastructure contract is awarded and works commenced.”

During Cityscape Global 2016, DAMAC Properties also announced five new project launches including the new phase of AKOYA Imagine 3-bedroom villas targeting millennials, the new 4-bedroom AKOYA Cuatro Villas, The Residences at AYKON City, AYKON Hotel & Hotel Apartments at AYKON City as well as the XV Villas at AKOYA by DAMAC.

“We are pleased to bring to market a further range of projects for discerning customers and investors looking for a choice of attractive and lucrative investment opportunities. With exclusive, luxury residential apartments in the most convenient and easily accessible locations, we offer premium quality combined with the assurance of strong financial returns,” El Chaar added.

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