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Real Estate
Damac awards AED72mn infrastructure contract to CSCEC for Akoya Oxygen
Dubai developer Damac Properties has awarded China State Construction Engineering Corporation (CSCEC) with an AED72mn construction contract for major road and infrastructure work at Akoya Oxygen. This latest contract brings total construction spend to over AED5.6bn since its inception, as Damac continues development at its 511ha community, and looks to start deliveries end of this year. “This latest contract award to CSCEC will see major road 12
and infrastructure work being carried out at three clusters within Akoya Oxygen, providing access and services to support 1,623 villas,” said Ali Sajwani, general manager of Operations at Damac Properties. “We are pleased to further strengthen our relationship with CSCEC, as we accelerate development in almost every part of our largest master community which will start to welcome its first residents at the end of 2018.” CSCEC will carry out major work at Victoria, Avencia,
// construction business news me // July 2018
and Amargo clusters which consist of 1,623 villas, and was awarded the work based on a competitive bid. Damac recently awarded a major contract to Arabtec to build 916 villas at Akoya Oxygen in March 2018, and in August 2017, Arabtec was also chosen to build 1,296 villas. Located off the Umm Suqeim Road extension and approximately 15 minutes from Damac Hills, Akoya Oxygen will offer residents a serene, family-friendly community surrounded by
beautiful landscaping and cascading water features. It features homes made up of energy efficient materials, controls and systems, amidst a green and secluded setting. With access to an 18-hole golf course, Akoya Oxygen will also offer residents with state-of-the-art amenities such as luxury shopping arcades, five-star hotel and suites, and an organic market among others. The community will also include conveniences such as mosques, clinics, schools, nurseries, and restaurants.