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Damac to deliver 7100 units in 2 years

Dubai, August 22, 2009

Damac Properties – a leading luxury lifestyle provider in the Middle East, aims to deliver a total of 25 towers totaling to 7,100 units over the next two years, said a top company official.

The company said that it has issued eight tenders in July. The projects for which the main works tenders were issued are Capital Bay, Executive Bay, The Corner, Park Central, Burjside Boulevard, Amber Residence, Lake side and Al Jawhara. And enabling tenders for Commercial Square, Water’s Edge and Harbour Heights project have also been issued.

“The first half of the year we have made significant progress. We delivered over 2,300 units and we will continue to be aggressive on delivery. Continuing with the momentum of the year, in July we have issued 8 new tenders. In the next two years our aim is to have delivered a total of 25 towers totaling to 7,100 units,” stated Ziad El Chaar, general manager of Operations of Damac Properties.

Earlier this year, Damac Properties announced the completion of Lake View and Executive Heights and The Crescent projects. The company has also made notable progress on various other projects under construction.  The company is building a floor every 5.2 days at its Ocean Heights tower in Dubai Marina which is now at the 71st floor and a floor a week at Park Towers at DIFC.

Construction is on at full pace at Damac projects and enabling works at the Lincoln Park site at Arjan in Dubailand have been completed. The construction of XL Tower is approaching the 19th floor and Business Tower’s Structure achieved completion, both being located at Business Bay. Smart Heights at Tecom has completed with interior work now starting. External cladding and painting has started at Emirates Garden in Jumeirah Village. The company has also completed the enabling works for its Executive Bay development at Business Bay.

In addition, Stromek has been appointed to undertake the piling contract at Damac’s Burjside Boulevard and enabling works have commenced at its Marina Bay project in Abu Dhabi as well. The company has also awarded the enabling works contract for the Piazza in Fox Hills, Lusail in Qatar and the contract for main construction at Hyde Park in Cairo.-TradeArabia News Service




Tags: real estate | Damac Properties |

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