Dubai, United Arab Emirates - 26 June 2016: DAMAC Properties today announced that it awarded 25 construction and consultancy contracts worth AED 3 billion in the first half of 2016.

Contract awarded include the main packages for more than 2,678 villas within its luxury lifestyle community; AKOYA Oxygen, as well as the main package for Golf apartment buildings at Carson - The Drive at AKOYA by DAMAC.

Ziad El Chaar, Managing Director, DAMAC Properties commented: "In AKOYA Oxygen, the total number of villas now awarded exceeds 2,670. The Golf course design is completed and we are making progress in the selection of the Golf course main contractor. The designs of several clusters are completed, several main contractors were appointed and work started in many areas on site. In AKOYA by DAMAC, the Golf course is completed and the handover of approximately 766 villas is imminent."

"The drive to deliver luxury living lies at the core of DAMAC Properties' mission. This is a very exciting time to be part of the Dubai real estate market resurgence as we look forward to working with top-notch contractors and consultants to ensure the delivery of our projects," concluded El Chaar.

As of 31st March 2016, DAMAC Properties has delivered over 15,800 homes, including approximately 2,000 hotel units. The company has a development portfolio of over 44,000 units at various stages of progress and planning, comprising more than 13,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.

Further information is available at www.damacproperties.com

DAMAC Properties has been at the forefront of the Middle East's luxury real estate market since 2002 - bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the upmost quality. The company's footprint now extends across the Middle East with projects in the UAE, Qatar, Saudi Arabia, Jordan and Lebanon. 

As of 31st March 2016, DAMAC Properties has delivered over 15,800 homes, including approximately 2,000 hotel units. The company has a development portfolio of over 44,000 units at various stages of progress and planning, comprising more than 13,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.

Further information is available at www.damacproperties.com or join DAMAC Properties on Facebook, Twitter (@DAMACOfficial) and YouTube. 

For more information please contact: Aladin Aburamadan, TRACCS. Tel: +971 4 367 253│Email: aladin.aburamadan@traccs.net  

© Press Release 2016