DAMAC awards $16mn villa contract

DAMAC Properties has awarded Towers Technology Contracting Co with a contract worth AED 58.4mn ($16mn) for the main structure works of villas at Mulberry cluster in AKOYA Oxygen, a 55-million-square-foot development in Dubailand.

The grading works, final design and mobilisation works at the cluster are all completed and engineering works and deep service works are in progress.

Mohammed Tahaineh, Senior Vice President – Commercial, DAMAC Properties, said: “We are content with the pace of progress in development across the various clusters at AKOYA Oxygen. The contractors we appoint hold a proven track record characterised by quality work and timely delivery.

“We are confident that Towers Technology Contracting will deliver on our contractual agreement to complete the main structure works of the villas at Mulberry cluster in AKOYA Oxygen in a timely manner, while maintaining quality standards.”

Located off the Umm Suqeim Road extension and around 15 minutes from DAMAC Hills, AKOYA Oxygen will include contemporary residential properties of various sizes surrounding an 18-hole golf course.