As previously reported by Construction Week, Damac Properties has reiterated it will award some nine new contracts before the end of the year.
The company is expecting to announce enabling work contractors for Marina Bay, Abu Dhabi and The Piazza, Qatar within the next few weeks.
In addition, it will be handing over two projects at its Emirates Gardens development at Jumeirah Village South, Dubai by the end of the year along with Lago Vista - a three-tower project at Dubai’s International Media Production Zone.
Damac Properties chairman Hussain Sajwani said the progress shown by Damac in the first half of the year was significant in light of the worldwide economic slowdown.
“The progress that we have made this year on handing over properties to customers, continuing construction on site and even the awarding of new contracts would be impressive even if we were operating under 'usual' business conditions,” he said.
The company has continued work on developments at Business Bay, Dubai with enabling works completed at three new projects; whilst its Business Tower development has reached the 10th floor and its XL Tower is at level 13.
Developments planned for handover next year include Park Towers, Damac's twin tower development at Dubai International Finance Centre and Ocean Heights - a 90-storey tower at Dubai Marina.
The company has handed over more than 2,300 units to customers and plans for another 7,100 by the end of 2010.
Site Map
FEATURED COMMENT
Please click here to comment on this article