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Home / NEWS / Damac's 34-storey Tower 108 in Dubai nearing completion

Damac's 34-storey Tower 108 in Dubai nearing completion

by Oscar Rousseau on May 3, 2018


Damac has more than 40,000 units under construction and at planning stage.
Damac has more than 40,000 units under construction and at planning stage.

RELATED ARTICLES: Damac hospitality arm keen to reach 15,000 keys by 2021 | Damac issues enabling tender for Vera Residences tower | Damac issues construction tender for second Aykon City tower

Damac Properties' 404-unit residential apartment in Jumeirah Village Circle (JVC), Tower 108, has entreated the final stage of completion, with a handover expected this year.

Delivery and installation of interior building elements, unit components, and door accessories is now underway at the 28-storey building.

Tower 108 is a mid-rise residential apartment, comprising a ground floor, four parking levels, and 28 floors of studios, one-, two-, and three-bedroom fully furnished serviced apartments.

READ: Damac hospitality arm keen to reach 15,000 keys by 2021

Built in the JVC masterplan, Tower 108 has 404 residential units, a concierge service, adult and children’s swimming pools, play area, jacuzzi and gym.  

Tower 108 will be handed over later this year, but Damac Properties did not give a set date.

Commenting on the progress of construction, general manager of operations at Damac Properties, Ali Sajwani said: “Tower 108 offers a variety of units, ranging from studios to one-, two-, and three-bedroom, furnished apartments, offering an immediate move-in experience in one of Dubai’s most sought-after areas.

“We are looking forward to adding Tower 108 to our growing portfolio of completed towers that are reshaping the Dubai skyline, and to welcoming residents once the snagging and finishing work is complete.”    

High-end developer Damac has more than 44,000 units at various stages of construction and planning.

March was a busy month for the developer, which issued tenders for enabling work on its 30-storey Vera Residences in Business Bay, and a construction tender for a 49-storey tower in its Aykon City development.

In February, China State Construction Engineering Corporation won a $163m (AED600m) contract to build the first tower at Damac’s Aykon City master development.

The company announced a modest 4% hike in annual revenue earlier in that same month.

Daman posted $2bn (AED7.5bn) in revenue, and $762.3m (AED2.8bn) in net profit, for 2017.



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