Damac awards $16m contract for Akoya Oxygen villas
Grading works, final design, and mobilisation works at Mulberry cluster in Akoya Oxygen are all completed
Damac Properties has awarded a $15.9m (AED58.4m) contract to Towers Technology Contracting.
The deal pertains to the main structural works of villas at Akoya Oxygen's Mulberry cluster.
Grading works, final design, and mobilisation works at Akoya Oxygen's Mulberry have all been completed. Engineering and deep service works are currently being conducted, according to Damac.
Mohammed Tahaineh, senior vice president of commercial activities at Damac Properties, said: “We are content with the pace of progress in development across the various clusters at Akoya Oxygen. The contractors we appoint hold a proven track record characterised by quality work and timely delivery.
“We are confident that Towers Technology Contracting will deliver on our contractual agreement to complete the main structure works of the villas at Mulberry cluster in Akoya Oxygen in a timely manner, while maintaining quality standards.”
Akoya Oxygen includes residential properties, an 18-hole golf course, an organic produce market, a hydroponic café, a wellness centre, an outdoor yoga enclave, and retail outlets.