Developer Damac Properties has awarded a US $326.7mn contract to Darwish Engineering Emirates for the main works package for 275 villas in the Venice cluster in its Damac Lagoons community. The developer says that it has so far awarded contracts totalling $1.90bn for the master development.
The developer said that $272mn worth of contracts have been awarded for infrastructure, in addition to over $1.52bn in contracts for villa construction. In the first half of this year, Damac awarded contracts worth $653mn which the developer says is a testament to the project’s steady construction momentum.
“We are immensely proud and delighted to see the progress our third and most exclusive master development is making. Since we launched the project in 2021, we have made significant progress, with an impressive 20% construction well underway for 6,459 villas spread across 13 clusters. We will continue to keep pace with this progress and ensure timely delivery,” said Muhammed Tahaineh, General Manager of Projects at Damac.
Additionally, 1,432 villas (across two clusters) are said to be in the final stages of appointing the main contractor, while 1,025 villas (across two clusters) are in the final stages of design. More than 2,600 villas have already reached the ground floor or above. The project employs a daily workforce of more than 14,000 individuals, supported by over 100 excavators and more than 850 vehicles entering the site daily, the developer pointed out.
Damac Lagoons is said to have achieved over 19.6m safe man-hours without any lost time incidents; the developer says this achievement demonstrates its commitment to the safety and well-being of its workforce.