Dubai developer Damac awards Dh2.8bn in contracts

Dubai-based Damac Properties has awarded more than Dh2.8 billion worth of contracts during the first half of this year.

The developer said that the awards include main works packages on more than 1,500 villas at its Akoya Oxygen community in Dubailand, three new apartment blocks at the nearby Akoya by Damac development and the main contracts for three of its four hotel apartment schemes – Damac Maison Privé, NAIA Vantage and Naia Celestia.

Ghantoot Gulf Contracting was awarded the biggest villas package at Akoya Oxygen, where it is delivering 981 homes and Lootah Building will deliver a further 547 villas. Seidco General Contracting (Seidco) will deliver three seven-storey towers at Akoya Damac and Pivot Engineering will build 239 villas at Akoya Park.


Civilco Civil Engineering & Contracting will build NAIA Celestia in the Dubai World Central district, Damac Maison Privé will be built by Seidco and NAIA Vantage by Reem Capital Contracting.

Damac has also awarded smaller packages including the clubhouse at the Trump International Golf Club at Akoya by Damac, which is also being built by Seidco, and one for a new substation in the same development to Jazeera Emirates Power.

“These awards are the start of a major building programme we have coming up across the course of the year and there will be many opportunities for quality contractors in the coming months as we release more tenders on our portfolio,” said Mohammed Tahaineh, the senior vice president t Damac Properties.

By the end of March, Damac had delivered almost 14,000 homes and had a portfolio of 37,000 more units in the pipeline. These include 10,000 hotel rooms and serviced hotel apartments.

mfahy@thenational.ae

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