Dubai’s Damac awarded contracts worth AED 3 bln in H1

26/06/2016 Argaam

Dubai-listed Damac Properties has awarded 25 construction and consultancy contracts worth AED 3 billion in the first half of 2016, the developer said in a statement Sunday.

 

Over 2,600 villas have now been awarded in Akoya Oxygen development, said Ziad El Chaar, managing director at Damac Properties.

 

The design of the golf course is complete and main contractor for the course will soon be selected, he added.

 

As of March 31 2016, Damac Properties has delivered over 15,800 homes, including about 2,000 hotel units. The developer has a portfolio of over 44,000 units at various stages of progress, comprising more than 13,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, Damac Hotels & Resorts.

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