DAMAC Awards Contracts Worth AED430 Million #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit




Home / News / Company News
Company News

DAMAC Awards Contracts Worth AED430 Million
(25 April 2019)


DAMAC Properties has announced the awarding of multiple contracts worth AED430 million, as it moves ahead with key UAE projects. The contracts, awarded in Q1 of 2019, range from large construction works at DAMAC’s second master community, to final touch-ups for developments that are near completion in the UAE.

DAMAC awarded 41 percent of contracts for works at their master development AKOYA, while 16 percent of contracts were awarded for DAMAC Hills. Consecutively, four percent was awarded for the final works on Ghalia Tower, the first Sharia-compliant luxury furnished apartments, 12 percent for the completion of DAMAC Towers by Paramount Hotels and Resorts, and 21 percent more for other projects.

Additionally, the developer has signed six percent contracts, which cover feasibility studies on perspective projects and opportunities.

Linking DAMAC’s ambition to a positive outlook for Dubai, Ali Sajwani, General Manager of Operations at DAMAC Properties, said, "There is a renewed sense of positivity in the UAE’s Economy, spurred by dynamic government initiatives to diversify growth. These contracts are a sign that DAMAC is on board, as we continue to focus our efforts on timely handovers."

On the developer’s growth, Sajwani added, "As a perceptive real estate developer that evolves in tandem with its vibrant home city, we have amplified our focus on building holistic communities which attract a sizeable portion of Dubai’s diverse cultural and economic demographic; hence, over 50 percent of these contracts were awarded towards our master community projects, with 97 percent of contracts awarded within the UAE."

We accept Guest Posts

DubaiCityGuide.com is owned and managed by Cyber Gear

  All fields are mandatory
Your Name
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

email print

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities


Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
DCG at a glance