To award contracts worth AED 2 bn in 2009 and deliver 7,100 units during the next two years
DAMAC Properties - a leading luxury lifestyle provider in the Middle East - has announced the issuance of eight tenders this month. The tall lists of projects for which the main works tenders are 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.
Making bullish commitments on delivery, the General Manager of Operations of DAMAC Properties Mr. Ziad El Chaar, said, "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."
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. With the focus now moving away from aggressive expansion to aggressive completion and delivery, the company is once again leading by example.
"2008 and 2009 have been busy years at DAMAC. The collaboration and hardwork by the 'DAMAC Properties Team' along with the various contractors involved with the projects, truly made 2008 the 'Year of construction' and 2009 is heading towards being the 'Year of Delivery', " added El Chaar.
Construction is at full pace at DAMAC projects, 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.
DAMAC Properties has already delivered more than 3,029 units into the market place and will continue with steady progress across all its projects.
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For more information please contact:
Niall McLoughlin,
Senior Vice President - Corporate Communications
DAMAC
Tel: +971 4 04 3732190
Fax: 00 9714 3732335
Mobile +971 50 6531824.
emaiI: niall.mcloughlin@damacgroup.com
© Press Release 2009
