Home / NEWS / GTCC signs contracts to build projects for Damac

GTCC signs contracts to build projects for Damac

by Sarah Blackman on Mar 11, 2010

8 Comments

DSC executive director Saleh Muradweij.

Gulf Technical Construction Company (GTCC) has won two contracts, worth US $131.7 million (AED484 million), to build new residential projects in Dubai.

GTCC, a subsidiary of Drake and Scull Construction (DSC) will begin work immediately on Damac Properties’ Lakeside, a residential project comprised of four towers located in International Media Production Zone and The Corner, a 15 storey commercial building in Business Bay.

“DAMAC’s reputation for building iconic projects in desirable locations in Dubai and across the GCC is well known,” said DSC executive director Saleh Muradweij.

“We feel that we were a natural choice for this project given DAMAC’s eminent association with premium contractors and we look forward to a long and successful working relationship.”

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FEATURED COMMENT

I am in the same boat, having purchased a property in lakeside. I have not really had any communication on what is going

8 Comments

Readers' Comments

Imran (Jul 7, 2010)
London
United Kingdom

Damac - Lakeside
I am in the same boat, having purchased a property in lakeside. I have not really had any communication on what is going on. When I phoned they told me that it was just slightly slow at the moment and will start again.

Adeel Hussain (Jun 21, 2010)
Abu Dhabi
United Arab Emirates

Lakeside updates
Dear Contractor, Can you please provide us any update on the construction work going in Lakeside. You can understand our anxiety that this project is tremendously delayed. It will be helpful if you can provide us some real updates on this project.

Hoss Atarodian (Jun 7, 2010)
Kissimmee
USA

Lakeside Apartment
I purchased a Lakeside unit in 2007. I contacted the agent at Damac and we have received no response. Damac is hiding and not keeping their promises. How can we all get our money back legally? Please advice. Thank You.

Adeel Hussain (Jun 3, 2010)
Abu Dhabi
United Arab Emirates

Massive delay
I purchased an apartment in Lakeside on 7th March 2007. Unfortunately DAMAC could not keep up their promises. 3 years have been passed and the project is still in preliminary stages. I am sick & tired of DAMAC 's staff excuses and repeated informations. I need my money back too ASAP. Should we all approach RERA?

nasser (May 6, 2010)
dubai
United Arab Emirates

DAMAC Lakeside
I have the apartment at lakeside Damac and after 30 months delay when I am asking them to give my monies back they say we can't give your monies back and I just want to know, what to do?

Mohamed (Apr 26, 2010)
kuwait
Kuwait

Lakeside
Hi Alan; what's steps do we ahve to take to get the money back. I myself got apartement in lakeside

mahmoud (Mar 21, 2010)
dubai
United Arab Emirates

good news
it should be reflected in the market

Alan Palao (Mar 11, 2010)
Gibraltar
Gibraltar

DAMAC
i have a few properties at lakeside and this development is now delay two years, they have defualt the contracts with thier clients and now we are going to request monies back!

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