Construction & Real Estate

Damac awards $168m contract for prime Dubai residential project

Leading UAE luxury project developer Damac Properties has signed up leading contractor Pivot to start main construction work of the Costa Brava cluster within its new master development, Damac Lagoons, comprising 45 million sq ft of well-designed villas and townhouses.
As per the AED618 million ($168.2 million) contract, Pivot will begin works on the first 976 townhouses within the project. The cluster will also feature standalone villas.
Located adjacent to the Damac Hills community, Damac Lagoons aims to transport residents into an enchanting paradise comprising 8 majestic cities inspired by countries based on the warm waters of the Mediterranean Sea, stated the developer. 
The clusters include: Venice, Morocco, Santorini, Costa Brava, Nice, Malta, Andalucia and Portofino, it added.
Earlier this year, Damac had awarded a construction contract worth over AED500 million to Indian construction group Shapoorji Pallonji for the main works at the Santorini cluster.
On the contract award, Mohammed Tahaineh, General Manager of Projects at Damac Properties, said: "We have carefully chosen Pivot, an experienced contractor, to carry out the construction of our townhouses in the Costa Brava cluster. This is yet another step forward in constructing the overall vision of Damac Lagoons - a water-inspired community that aims to make vacation-living part of everyday life."
"From inner peace to exhilarating adventures, the Costa Brava cluster brings residents to the 'Wild Coast' of the Mediterranean Sea. This 'Adrenaline Hub' captures the pulsating vibe of Catalonia with its ziplining, rock climbing, kayaking, paddle surfing and wave riding features," remarked Tahaineh.
Damac Lagoons is Damac’s third master development in Dubai featuring a wide array of entertainment and leisure amenities offering residents unique and enchanting experiences. The community is built around 1 million sq ft of pristine lagoons with white sandy beaches.
The community, which was announced late last year, builds on the established success of the developer’s other successful communities. Damac continues to set the highest bar when it comes to community lifestyle options and amenities, which has spurred customer demand.-TradeArabia News Service