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DAMAC Properties Awards AED 300 Million Works Contract

DAMAC Properties Awards AED 300 Million Works Contract

One of UAE’s leading luxury real estate developer, DAMAC Properties, announced that it has awarded the main works package for development in DAMAC Hills 2, which is valued at AED 300 million.

There are a total of two contracts, one of which was awarded to China Tiesiju Civil Engineering Group Co. Ltd’s Dubai branch and the second to Infra Nets Contracting LLC.

The contracts

The first contract was for 439 townhouses and villas valued at AED 210 million that are located in the Natura cluster.

As for the second one, it is valued at AED 7 million and is for the infrastructure work and roads for the Verona, Farmhouses, Natura and Violet Clusters in DAMAC Hills 2.

The Violet, Natura, Verona clusters and the Farmhouses are located in the DAMAC Hills 2 community and they enjoy access to the countless features and amenities of the masterplan development.

These include facilities for sports ranging from cricket to volleyball and football, Malibu Beach, a fishing lake, lazy river, cycle track, lots of green spaces for relaxation and may more.

The statement

General Manager of Projects at DAMAC, Mohammed Tahaineh, said that people living in DAMAC Hills 2 have already gotten a taste of luxury community living.

He went on to say that the latest contracts would see more people join these existing residences from the Farmhouses, Violet, Natura and Verona clusters.

He added that one of their core endeavors is master-planned community living, which is apparent across DAMAC Lagoons, DAMAC Hills and DAMAC Hills 2.

He asserted that they were very proud of what they had already achieved in this endeavor and the success they had garnered.

The latest announcement regarding the awarding of contracts is one of the several ones that have been made in recent months.

Other details

In October 2023, DAMAC Properties had awarded another contract worth AED 236 million for Camelia, which is also located in DAMAC Hills 2.

Likewise, in the first half of last year, they had awarded a contract for DAMAC Lagoons worth AED 2.4 billion.

These contracts and projects are a testament to the dedication of DAMAC Properties to create high-quality and thriving communities across Dubai.

However, it is important to remember that the developer is also renowned for its residential skyscrapers that have set benchmarks and are situated across some of the popular areas in Dubai and beyond.

These areas include Nine Elms in London and Al Sufouh, Sheikh Zayed Road and Business Bay in Dubai. Since 2002, the developer has been at the forefront of the luxury real estate market in the Middle East.

It has delivered award-winning commercial, residential and leisure properties throughout the region, which not only includes the UAE, but also Maldives, Saudi Arabia, Jordan, Qatar, the UK and the US.

The company has delivered over 46,000 homes and has also partnered with some of the most eminent lifestyle and fashion brands in the world.

It has collaborated with Zuhair Murad, Cavalli, Versace, de GRISOGONO, Vincent Faudemer and more to bring exciting and new living concepts to the market.

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