Dubai: Luxury real estate developer Damac Properties said on Tuesday it has been awarded five major construction contracts worth a total of Dh1.2 billion so far in 2015. All of the contracts have been awarded within the last month, the company said in a statement.
“We aim to continue delivering units over the next few years, adding to the 13,000 we have already handed over, as we continue to shape the Dubai skyline with iconic and luxurious developments,” stated Niall McLoughlin, senior vice president, Damac Properties.
Damac Properties has awarded Ghantoot the construction contract for the first 981 villas at its new 55 million square feet master development, Akoya Oxygen, while Seidco has won the main contract to build Privé by Damac, a two-tower serviced hotel apartment’s project overlooking the canal in the Business Bay area of Dubai.
The company has also been awarded the building of the iconic clubhouse which will serve the Trump International Golf Club, Dubai at the heart of Akoya by Damac.
As of December 2014, Damac Properties has delivered almost 13,000 homes and has a development portfolio of over 38,000 units at various stages of progress and planning. Included are more than 10,000 hotel rooms and serviced hotel apartments under development.
