DAMAC Awarded a Contract Worth Over AED 1.2 Billion for DAMAC Lagoons Project

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

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

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

Thus far, the grasp improvement has awarded contracts near AED 7 billion for the grasp improvement. More than AED 1 billion value of contracts thus far for infrastructure, and over AED 5.6 billion value of contracts have been awarded thus far for villa development. In the primary half of this yr alone, DAMAC awarded contracts value AED 2.4 billion, a testomony to the mission’s regular development momentum. 

Muhammed Tahaineh, General Manager of Projects at DAMAC, stated: “We are immensely proud and delighted to see the progress our third and most exclusive master development is making. Since we launched the project in 2021, we have made significant progress, with an impressive 20% construction well underway for 6,459 villas spread across 13 clusters. We will continue to keep pace with this progress and ensure timely delivery.”

Additionally, 1,432 villas (throughout 2 clusters) are within the closing phases of appointing the primary contractor, whereas 1,025 villas (throughout 2 clusters) are within the closing phases of design. More than 2,600 villas have already reached the bottom ground or above.

The mission employs a each day workforce of greater than 14,000 people, supported by over 100 excavators and greater than 850 autos coming into the location each day.

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 improvement within the metropolis and is positioned adjoining to DAMAC Hills.

The improvement’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 concentrate on water-inspired options, DAMAC Lagoons will probably be divided into a number of clusters, every capturing the essence of a famend Mediterranean metropolis. As nicely as Venice, the clusters embrace Ibiza, Malta, Marbella, Morocco, Monte Carlo, Mykonos, Costa Brava, Nice, 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 date, greater than 95% of launched items have been bought thus far. In line 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 predicted to accommodate greater than 39,400 folks. 

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

In line with DAMAC’s dedication to sustainability, the mission can be presently within the technique of acquiring a LEED Gold certification, aiming to develop into one of many first grasp communities within the UAE to obtain this prestigious score underneath the LEED Cities and Communities Rating System. The improvement integrates inexperienced and sustainable options at each stage, from preliminary design to development and future operation.