Damac Properties has announced that enabling works have been completed on site at its Executive Bay development at Business Bay in Dubai.
Tenders to commence the main construction work on the twin tower project (18 and 20-storey buildings) are currently under way with construction expected to commence shortly. Executive Bay is one of eleven properties that Damac Properties has planned for the Business Bay area.
The site has been shored and excavation for basements completed by enabling works contractor Al Habtoor STFA.
The development will include a shopping arcade on the ground floor together with state-of- the-art office space overlooking a waterfront location.
Peter Riddoch, CEO, Damac Properties, said: "It is pleasing to note that we are in a position to go ahead with construction as soon as we have appointed the successful contractor."
The company also recently announced that its XL Tower development has reached podium three level and enabling works have also been completed at both its Capital Bay and Park Central projects.
"We are delighted to see the progress at many of our sites across Business Bay and know that reaching these different milestones is important for our customers, who have invested in these properties at such a prime location and are looking forward to seeing them rise in the skyline over the next year," added Ridoch.