Damac commissions AED40 million worth of roads, infrastructure
Damac Properties, a Dubai-based luxury real estate developer, has awarded a contract worth AED40 million for the roads and infrastructure works at Vardon cluster within AKOYA Oxygen, a 55-million- square- foot development in Dubai.
The roads and infrastructure works contract has been awarded to Proscape LLC.
Mohammed Tahaineh, Senior Vice President – Commercial, Damac Properties, said: “We are pleased to award the roads and infrastructure works at Vardon cluster within AKOYA Oxygen to Proscape, one of Dubai’s premier landscaping and infrastructure contractors.
“At the heart of our efforts lies our commitment to a high-standard of development and finishing works across the various components that make up our projects; from roads and infrastructure within our communities to the buildings and interior finishes. Our desire to maintain high quality standards is evident through the appointment of such contractors, which offer focused expertise tailored to the development works at hand.”
AKOYA Oxygen community plans to offer cleaner air, naturally cooler temperatures and a carefully designed master plan and road network system, with dedicated spaces for bicycles and hybrids. Homes feature energy efficient materials, air conditioning, lighting and controls along with low-emission paints and solar water heating systems.
Vista Lux is set alongside the lake and fountains, with views of the golf course and parkland beyond. Home to over 2,000 luxury hotel apartments, the development has a long promenade offering high-end shopping, dining and entertainment options.
New hospitality ventures
Damac Properties estimates that its hotel rooms portfolio will comprise approximately 10 per cent of Dubai’s supply by 2021, senior vice president Niall McLoughlin revealed at the 2017 Arabian Travel Market show in April.
McLoughlin said: “Within the next 60 days, so by summer 2017, we will have two new hotels opening and will have 2,500 rooms in operation.” The company is opening Maison Bay’s Edge in Dubai’s Business Bay district by May 2017 as well as Maison Royale The Distinction, the group’s ‘ultra luxury five-star hotel’, in Downtown Dubai by June 2017.
The 305-key Damac Maison Royale will offer deluxe rooms as well as one, two and three bedroom suites complemented by a full kitchen. Facilities at the property will include a spa and health club.
He also disclosed that the delivery of the group’s latest offering Golfotel by 2021, would be a significant addition to Damac’s hotel rooms portfolio.
He said: “With the introduction of Golfotel, this brings our portfolio of hotel rooms, operational and under development, to just under 15,000, which according to our estimation is approximately 10% of the hotel market in Dubai.”
McLoughlin said that by 2018, the group aims to double the number of rooms in operation to about 5,000.