Damac Properties awards $136mn contract for Damac Lagoons development
Contract covers the construction of 847 villas, with construction expected to begin in April 2022
A $136 million construction contract has been awarded by Damac Properties to Shapoorji Pallonji for the main works at the Santorini Cluster of its luxury community development project, Damac Lagoons. Work is expected to begin in April 2022.
According to a statement, the contract includes the build-up of 847 villas, which on completion will feature white-washed and blue exteriors, evoking quintessential motifs of the famed Mediterranean island paradise. The development is taking shape in Dubailand, close to Damac Hills.
“With Shapoorji Pallonji, we have chosen a partner who share our values for quality, safety and on-time delivery. We are confident that with their help, Damac Lagoons will take shape as we have envisioned it, a masterpiece of community living that will elevate urban development in Dubai into new heights,” said Mohammed Tahaineh, general manager of Projects at Damac Properties.
Damac Lagoons turns 45mn sqft into a Mediterranean-inspired community with white sandy beaches, a tropical island vibe and other enchanting experiences, while featuring aesthetically-designed villas and townhouses built around a stunning one million square feet of lagoons, the statement explained.
The development will feature multiple amenities including a nature pond and a floating cinema. Townhouses and villas are strung together by pathways, bicycle tracks and ornamental foliage, the statement concluded.
