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Contract Worth Over AED 1.2 Billion for DAMAC Lagoons Project

February 20, 2024
in Middle East
Reading Time: 4 mins read
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DAMAC Properties has awarded a contract worth AED 1.2 billion to Darwish Engineering Emirates LLC.

Darwish Engineering Emirates LLC awarded the bundle for the principle works
The scope of labor will embrace villas within the Venice cluster  

DAMAC Properties, one of many main luxurious actual property builders within the Center East, has awarded a contract price AED 1.2 billion to Darwish Engineering Emirates LLC.

The contract consists of the principle works bundle for 275 villas within the Venice cluster in its extremely anticipated third grasp group, DAMAC Lagoons.

Up to now, the grasp growth has awarded contracts near AED 7 billion for the grasp growth. Greater than AED 1 billion price of contracts to this point for infrastructure, and over AED 5.6 billion price of contracts have been awarded to this point for villa building. Within the first half of this yr alone, DAMAC awarded contracts price AED 2.4 billion, a testomony to the undertaking’s regular building momentum. 

Muhammed Tahaineh, Common Supervisor of Tasks at DAMAC, stated: “We’re immensely proud and delighted to see the progress our third and most unique grasp growth is making. Since we launched the undertaking in 2021, we’ve made important progress, with a powerful 20% building properly underway for six,459 villas unfold throughout 13 clusters. We are going to proceed to maintain tempo with this progress and guarantee well timed supply.”

Moreover, 1,432 villas (throughout 2 clusters) are within the last levels of appointing the principle contractor, whereas 1,025 villas (throughout 2 clusters) are within the last levels of design. Greater than 2,600 villas have already reached the bottom ground or above.

The undertaking employs a day by day workforce of greater than 14,000 people, supported by over 100 excavators and greater than 850 automobiles coming into the positioning day by day.

DAMAC Properties has awarded a contract worth AED 1.2 billion to Darwish Engineering Emirates LLC.

Remarkably, DAMAC Lagoons has achieved over 19.6 million secure man-hours with none misplaced time incident, reflecting its unwavering dedication to the protection and well-being of its workforce.

Spanning a powerful 4.5 million sq. m, DAMAC Lagoons is the corporate’s third grasp group growth within the metropolis and is positioned adjoining to DAMAC Hills.

The event’s prime location offers residents with quick access to colleges, leisure centres, and hospitals, all inside shut attain.

Themed on the Mediterranean area and with a eager give attention to water-inspired options, DAMAC Lagoons shall be divided into a number of clusters, every capturing the essence of a famend Mediterranean metropolis. In addition to Venice, the clusters embrace Ibiza, Malta, Marbella, Morocco, Monte Carlo, Mykonos, Costa Brava, Good, Portofino, and Santorini.

With a complete gross ground space (GFA) of two.3 million sq.m. the group will function greater than 9,000 villas. To this point, greater than 95% of launched models have been offered to this point. Consistent with the water-inspired theme, the group will include 176,650 sq. m. of water areas, an space bigger than 141 Olympic-sized swimming swimming pools. On completion, the group is anticipated to accommodate greater than 39,400 individuals. 

DAMAC Properties has awarded a contract worth AED 1.2 billion to Darwish Engineering Emirates LLC.

DAMAC Lagoons may also provide an array of facilities, together with an unique clubhouse, lush inexperienced meadows, retail outlets, a floating amphitheatre, health centres, crystal lagoons, youngsters’ play areas, an inland white seashore, a water cinema, a wave pool, waterpark.

Consistent with DAMAC’s dedication to sustainability, the undertaking can be presently within the strategy of acquiring a LEED Gold certification, aiming to change into one of many first grasp communities within the UAE to obtain this prestigious score beneath the LEED Cities and Communities Ranking System. The event integrates inexperienced and sustainable options at each stage, from preliminary design to building and future operation.

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Tags: AEDBillionConstructioncontractDAMACDAMAC LagoonsDubai ProjectsLagoonsprojectworth
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