Main works package will be awarded soon for Cavalli Tower project says DAMAC
The developer says it has appointed KEO as the supervision consultant for the project
Following the completion of enabling works at its Cavalli Tower residential project, developer DAMAC Properties said the main works package will kick-off, as it is in the process of awarding the contract.
According to the developer, enabling works are progressing on track by contractor National Piling Corporation (NPC), which has nearly completed shoring works. Piling and excavation works have been completed to 85%, and are expected to finish in October 2022. The firm began piling works for the project in July 2022.
The construction of site offices commenced prior to the appointment of the main contractor; the developer stated that it appointed KEO as the supervision consultant for the project.
In June 2022, DAMAC said that North America was a key target market.
“KEO has extensive experience of delivering projects of a similar nature here in Dubai and in the wider region, and DAMAC is excited to work with KEO again to bring the vision of this ultra-luxurious project into fruition,” said Mohammed Tahaineh, General Manager of Projects at DAMAC.
Launched in September 2021, the beach-facing skyscraper located in Dubai Marina will offer residents 71 floors of luxury, with interiors branded by Roberto Cavalli, the statement explained.
The tower is being developed at a cost of US $545mn and is billed as a unique project aimed at setting the highest levels of luxury living in Dubai. The glamour that is associated with the iconic Italian fashion house is matched by DAMAC’s standards for delivering luxury homes and lifestyle experiences, the developer stated.
In September 2022, DAMAC said it was adding ultra-luxurious mansions to its DAMAC Hills development and, later in the month, it said that Web3 is transforming the UAE’s real estate landscape.
Designed by architect Shaun Killa, the tower comprises 436 units and is divided into three sections.
DAMAC said that construction progress comes at a time when Dubai’s population is significantly rising, as more foreigners are coming to the city to work and live, due to successful government incentives to attract top talent. The UAE ranked number one across the Middle East, Africa and Asia, and was among the top 10 countries around the world for expatriates to relocate to, a survey by health insurance company Cigna has found. As a result, demand for housing has surged, the developer explained.
The developer’s penchant for delivering luxury property offerings has been successful in attracting high-net worth buyers, and as such, Cavalli Tower has received enormous interest and has nearly sold out all units, the statement said.
In October 2022, DAMAC Properties said it had awarded a contract for electrical substations to Danway EME.
Tahaineh concluded, “Our customers are regularly updated on the progress of construction works and are very happy with the pace at which we are moving. Cavalli Tower will be among the most iconic skyscrapers that Dubai has ever seen, and I can’t wait to see the final product.”
