DAMAC announces 15 new contracts

DAMAC Properties recently announced the awarding of 15 contracts, worth an estimated $343 million, for work on projects related to its properties.
 
“With the handover of 1,350 villas and apartments at Akoya by DAMAC in the last quarter of 2016, as well as the upcoming opening of the Trump International Golf Club, Dubai, during the first quarter of 2017, Akoya by DAMAC is rapidly progressing and taking shape -- on track to becoming a full-fledged community,” Mohammed Tahaineh, senior vice president at DAMAC Properties, said.
 
Tahaineh noted that the company works with reputable contractors with vast experience in their fields. This helps DAMAC mitigate risks in project delivery.
 
“The overall progress of the golf infrastructure work of Akoya stands at 95 percent,” Tahaineh said. “Trump PRVT, scheduled for handover during Q1 2019, will mark the completion of the entire Akoya by DAMAC master development. In Akoya Oxygen, we continue to achieve significant progress as we have appointed eight main contractors so far for the construction of 5,676 villas and works have commenced for all.”
 
The new range of projects comprises Aykon City hotel apartments and hotel rooms, Aykon City residential apartments, XV Villas at Akoya by DAMAC, The Beach by Maison De Ville, Tower 108, Akoya Cuatro Villas, Akoya Imagine, Akoya Imagine plots, Akoya Imagine 2.0, Akoya Fresh, Akoya Selfie, Akoya Manarola and DAMAC Maison Privé, DAMAC Maison Majestine, DAMAC Maison De Ville Artesia, DAMAC Maison De Ville Tenora and DAMAC Maison De Ville Celestia, in addition to Trump PRVT.