Damac awards contracts worth D3bn for Dubai projects

Dubai-based Damac Properties on Sunday announced that it awarded 25 construction and consultancy contracts worth Dh3 billion in the first half of 2016.

Contract awarded include the main packages for more than 2,678 villas within Akoya Oxygen, as well as the main package for Golf apartment buildings at Carson – The Drive at Akoya by Damac.

Company Managing Director Ziad El Chaar said: “In Akoya Oxygen, the total number of villas now awarded exceeds 2,670. The Golf course design is completed and we are making progress in the selection of the Golf course main contractor.

"The designs of several clusters are completed, several main contractors were appointed and work started in many areas on site. In Akoya by Damac, the Golf course is completed and the handover of approximately 766 villas is imminent.”

As of 31st March 2016, Damac delivered over 15,800 homes, including approximately 2,000 hotel units.

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