Arabtec bags Damac Heights tower project

Damac Properties has announced that it has awarded the main construction contract for its Damac Heights project at Dubai Marina to Arabtec. The Dh500 million contract was signed this week and work is expected to commence on site when Zetas complete the enabling works.

The project will occupy a prime position overlooking the Palm Jumeirah and is a 600-apartment building. The contractor is also working on another project, Ocean Heights, with the same developer and it is due to be completed later this year. "There are more contract awards expected in the summer. This is in addition to the company's commitment to hand over at least six projects in 2010," said a statement.