Dubai, UAE – DAMAC Properties has awarded an AED512 million construction contract to China State Construction Engineering Corporation (CSCEC) to build tower C of AYKON City, DAMAC’s luxury mixed-use development on Sheikh Zayed Road. The new contract covers civil construction works for tower C, the residential tower in the award-winning USD2 billion development, overlooking the Dubai Water Canal.
“CSCEC shares our commitment to quality, safety and timely delivery. After a thorough tendering process, we have chosen to expand CSCEC’s remit in the AYKON City project beyond AED1.1 billion, having awarded them the contract to build tower B earlier this year,” explained Ali Sajwani, General Manager of Operations at DAMAC Properties. “We also look forward to seeing the towers of AYKON City complement Dubai’s distinctive skyline and one of the world’s greatest urban transformations, the Dubai Water Canal.”
Tower C, known as ‘The Residence’, will have a total built up area of nearly 1.8 million square feet. It will feature studio, one, two and three-bedroom apartments, all with premium interiors and exceptional finishing. The tower will also boast ‘The Club’, an exclusive residents-only lifestyle and entertainment space with spectacular views of the iconic Dubai Water Canal and Safa Park. The 62-floor tower is made up of two basement, a ground and ten podium levels, in addition to a dedicated lifestyle and entertainment level, 48 residential floors and a rooftop.
AYKON City is one of DAMAC’s most ambitious development projects in Dubai. It features the unique concept of an entire city-like infrastructure within Dubai. The mix-use development includes premium residential, hospitality and commercial units. AYKON City will also have seamless access to the 3.2km long waterway of the Dubai Water Canal, which runs all the way to the Arabian Gulf, from the Creek in Old Dubai.
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Get more information at www.damacproperties.com
About
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 utmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom.
As of 30th June 2018, DAMAC Properties has delivered over 21,700 homes. The company has a development portfolio of nearly 40,000 units at various stages of progress and planning, comprising more than 10,000 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. Visit us at www.damacproperties.com
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For more information, please contact:
Rania Maroun, Manager, Corporate Communications, DAMAC Properties.
Tel: +971 4 3731696 │Email: rania.maroun@damacgroup.com
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