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Damac to tender second tower at its Aykon City

Damac Properties said, it has issued a new tender for main works for a second tower at its six-tower, premiere luxury master development, Aykon City, on Sheikh Zayed Road overlooking Dubai Canal.

The tender will be awarded for the tower construction which includes three basements, ground floor and 10 podium levels, in addition to a dedicated lifestyle and entertainment level, 49 residential floors and a rooftop.  The total built up area will be 1.7 million square feet.

“Construction development at Aykon City site is progressing rapidly with piling work for this tower already completed, so we have moved to the tendering stage which will see a new construction partner being appointed as early as May 2018,” said Mohammed Tahaineh, Senior Vice President – Commercial, Damac Properties.

This tender follows Damac’s recently awarded construction contract to China State Construction Engineering Corporation (CSCEC) in February for approximately Dh600 million to take on the construction of one of the towers at Aykon City.

Aykon City is one of Damac’s most ambitious master developments in Dubai. It features a unique concept: that of an entire city like infrastructure within Dubai. The development plan consists of residences, serviced apartments, a hotel and an office space. Offering stunning views of the Dubai Canal, Aykon City will be home to Aykon Plaza, an entertainment and lifestyle hub for the community that includes swimming pools, spa, beach club, cafes, restaurants, yoga and tai-chi areas, as well as a residents-only private recreation space called The Club.

Damac Properties has been at the forefront of the Middle East’s luxury real estate market since 2002 – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, Damac Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the utmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom.

As of 31st December 2017, Damac Properties has delivered over 20,230 homes. The company has a development portfolio of over 44,000 units at various stages of progress and planning, comprising more than 13,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, Damac Hotels and Resorts. With vision and momentum, Damac Properties is building the next generation of Middle East luxury living.