The developer said it is dedicated to the highest standards of quality, craftsmanship, and innovation
Two major contracts totalling US $160mn have been awarded by Damac Properties for its master development, Damac Hills. The contracts were awarded to Engineering Construction and Reconstruction Company.
According to the developer, the first contract valued at $93mn is for the main works of the Gems Estates cluster within Damac Hills. The second contract is designated for the main works, as part of Cavalli Estates, also located within the prestigious Damac Hills community, and is valued at $67mn.
The developer said it is dedicated to the highest standards of quality, craftsmanship, and innovation. It added that these contracts reflect the company’s ongoing efforts to push boundaries and redefine luxury living in the Middle East and beyond.
“We are delighted to announce the awarding of these two significant contracts for Damac Hills. These contracts underscore our unwavering commitment to delivering on our promises of excellence and luxury. We believe that Gems Estates and Cavalli Estates clusters will set new standards in upscale living, offering our customers unparalleled value and quality,” stated Mohammed Tahaineh, General Manager of Projects, Damac Properties.
The developer said that Gems Estates is an ultra-luxurious collection of high-end mansions branded by Swiss jeweller de Grisogono, with home interiors branded by famed Italian fashion house Roberto Cavalli, making it the first co-branded real estate project in the world. The contract includes the construction of a range of high-end villas and amenities that will elevate the lifestyle of residents to new heights. From lush green spaces to cutting-edge recreational facilities, Gems Estates cluster promises to be a haven for those seeking luxury, comfort, and convenience, the developer explained.
Cavalli Estates is said to embody the essence of sophistication and elegance. Damac is set to create a distinctive enclave of villas that blend modern aesthetics with timeless charm. Residents of Cavalli Estates will enjoy a harmonious blend of privacy, security, and community living, all set against the backdrop of Damac Hills’ picturesque landscapes, it noted.
The commencement of construction on Gems Estates Cluster and Cavalli Estates marks the beginning of a new chapter in Damac Properties’ legacy. The company is determined to continue its tradition of creating iconic developments that contribute to the growth and prosperity of the region.
Damac Properties has consistently demonstrated its dedication to creating world-class, sustainable communities that redefine modern living standards. The awarding of these contracts signifies another milestone in Damac’s mission to deliver luxurious and aspirational living experiences to its customers, the statement noted.