Damac inks $95m deals for Dubai project construction

Developer hires companies to carry out construction work on Akoya Oxygen
By Staff writer
Sat 18 Nov 2017 10:31 AM

Damac Properties has initiated further construction work at its largest residential community development, Akoya Oxygen, worth over AED350 million ($95.2 million).

The developer said this follows its recent AED628 million contract awarded to Arabtec Construction in August to build 1,296 villas at Akoya Oxygen.

“Damac continues to initiate major construction projects at Akoya Oxygen to accelerate development to ready its 55-million square-foot green development in Dubailand to welcome its first residents as early as possible,” said Mohammed Tahaineh, senior vice president of Commercial at Damac Properties.

Towers Technology Contracting Co has been hired to carry out main works for 448 villas at Akoya Oxygen while Nael Construction & Contracting is responsible for building the roads and infrastructure network linking various clusters in phase 6.

This new infrastructure award supplements the previous contracts awarded for infrastructure works to China State Construction Engineering and Ghantoot Road Contracting for the earlier phases of the development.

Located off the Umm Suqeim Road extension, Akoya Oxygen will include residential properties surrounding an 18-hole championship golf course, along with an organic produce market, hydroponic café, luxury wellness centre, outdoor yoga enclave and retail outlets.

Community Precincts will also contain facilities arranged around local plazas that house a variety of functions such as mosques, clinics, schools, nurseries, gyms, post offices, restaurants and local grocery shops.

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