Dubai property developer says it has awarded 285 contracts worth $1.43bn so far in 2016
Damac says it will hand over 1,350 units at its flagship Akoya project during October, one of a string of announcements made by the Dubai developer at the Cityscape Global show.
Around 450 villas and townhouses spanning four clusters are completed at the Dubai development Akoya by Damac, ranging in size from three to six bedrooms, the developer said.
Around 900 apartments in low rise buildings are also ready for delivery between late this month and October, Damac added.
“Akoya by Damac is our first master development in the UAE and the delivery of units to their owners marks a major milestone for us and demonstrates our ability to deliver a project of such complexity and size,” said Ziad El Chaar, Managing Director of Damac Properties.
“The Akoya golf course community is one that has been eagerly-awaited and we look forward to completion and delivery of all units in the community by 2018.”
The planned handover follows on from the first phase of Akoya by Damac deliveries late last year, in which 479 golf-view apartments were completed.
The announcement was made during the Cityscape Global show in Dubai, during which Damac revealed five new launches.
These include a new phase of Akoya Imagine three-bedroom villas targeting millennials (priced at AED 999,999), new four-bedroom Akoya Cuatro Villas (from AED 1.6 million), The Residences at Aykon City, Aykon Hotel & Hotel Apartments at Aykon City as well as the XV Villas at Akoya by Damac.
The latter project, revealed today, is based on an “inverted” villa concept, offering living spaces on the first floor which open to an infinity pool that flows to a ground-level pool.
Damac on Tuesday said it has awarded 285 construction and consultancy contracts worth AED 5.25 billion ($1.43bn) between January and August 2016.
The awarded contracts, across the GCC and UK, include the public realm landscaping works at Akoya by Damac, villas at both Akoya by Damac and Akoya Oxygen, and infrastructure and the Golf course construction at Akoya Oxygen.
The developer has appointed the likes of China State Construction Engineering, Al Arif Contracting, Ghantoot Gulf Contracting, KEO International Consultants, LACASA Architects & Engineering Consultants.