UAE’s Damac awards $95m worth of new contracts for Akoya Oxygen
Damac Properties initiated $95.3m worth of road and main construction works for its Akoya Oxygen development in October 2017
Damac Properties initiated $95.3m (AED350m) worth of road and main construction works for its Akoya Oxygen development in October 2017.
The latest works follow a $171m (AED628m) contract for the development of 1,296 villas, which was awarded to Arabtec Construction in August 2017.
The UAE-headquartered real estate developer has appointed Towers Technology Contracting to carry out main works for 448 villas within Akoya Oxygen.
Nael Construction & Contracting has been enlisted to build roads and an infrastructure network to link a variety of the Dubai project’s Phase 6 clusters with its main roads network.
This contract will supplement infrastructure packages for previous phases of the development, which were awarded to China State Construction Engineering Corporation Middle East (CSCEC ME) and Ghantoot Road Contracting.
Commenting on the latest round of contract awards, Mohammed Tahaineh, senior vice president of commercial at Damac Properties, said: “Damac continues to initiate major construction projects at Akoya Oxygen to accelerate development to ready its [511ha] green development in Dubailand to welcome its first residents as early as possible.
“With the help of our esteemed contractors and partners, who have worked with us for many developments, we are confident with the progress being made.”
Located off Dubai’s Umm Suqeim Road extension, approximately 15 minutes’ drive from Damac Hills, the Akoya Oxygen community will feature an 18-hole championship golf course, an organic produce market, a hydroponic café, a wellness centre, an outdoor yoga enclave, and a variety of retail outlets.
The community will also include amenities such as mosques, clinics, schools, nurseries, gyms, post offices, restaurants, and grocery shops.