Akoya to welcome first set of residents in 2015
Construction work is steadily progressing on the community, set for operation by 2019, Damac executives tell Construction Week
An initial set of residents will be ready to move into their residential units at the Akoya by Damac development before the end of 2015, company executives told Construction Week on Thursday (11 June, 2015).
Main contractors have been making steady progress on-site, with 2,600 villas and 18 apartment buildings currently at various stages of construction within the development, according to Niall McLoughlin, senior vice president for corporate communications and investor relations at Damac.
On the side-lines of the site visit to the development, McLoughlin said that the 4m m2 (42m f2) golf community in Dubai has made "good" progress since its launch in 2013.
The substation which will provide 75% of the power to the development has been completed and handed over, Construction Week was informed.
“We are delighted with the progress made at Akoya by Damac and look forward to welcoming the first residents of this project later this year,” said McLoughlin.
“The project has certainly been challenging in size, scale and speed of delivery, but we have been satisfied with the speed and quality of progress to date.”
The $6bn lifestyle community in Dubai features high-end real estate, luxury mansions and villas, besides the Trump International Golf Course.
The first projects in Akoya by Damac will open later this year, with the full community set to be operational by 2019.