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DAMAC Properties DAMAC Properties

DAMAC Awarded Deals Worth USD 952.8 Million

DAMAC Properties has announced that since January, 370 contracts worth AED3.5 billion (USD 952.8 million) have been awarded to partners including construction, supplier and consultancy services across the developer’s portfolio.

The majority of this year’s contracts were related to the group’s largest master golf community AKOYA Oxygen, where the main constructions are ongoing across its 55 million m² premises, with deals worth AED 1.8 billion (USD490 million) allocated to the developer’s highly-reputed collaborators.

To name a few successful signature projects, the flagship community DAMAC Hills saw some 1,100 units delivered this year, Trump International Golf Club Dubai continues to receive golf-facing apartments and a premiere luxury residential project AYKON London One in the UK was awarded AED 1.14 billion (USD 310.3 million) construction contracts.