Contract Worth Over AED 1.2 Billion for DAMAC Lagoons Project

Darwish Engineering Emirates LLC awarded the package deal for the principle works
The scope of labor will embody villas within the Venice cluster  

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

The contract consists of the principle works package deal for 275 villas within the Venice cluster in its extremely anticipated third grasp neighborhood, DAMAC Lagoons.

Up to now, the grasp improvement has awarded contracts near AED 7 billion for the grasp improvement. Greater than AED 1 billion price of contracts thus far for infrastructure, and over AED 5.6 billion price of contracts have been awarded thus far for villa development. Within the first half of this 12 months alone, DAMAC awarded contracts price AED 2.4 billion, a testomony to the undertaking’s regular development momentum. 

Muhammed Tahaineh, Normal Supervisor of Initiatives at DAMAC, mentioned: “We’re immensely proud and delighted to see the progress our third and most unique grasp improvement is making. Since we launched the undertaking in 2021, we have now made important progress, with a formidable 20% development effectively underway for six,459 villas unfold throughout 13 clusters. We’ll proceed to maintain tempo with this progress and guarantee well timed supply.”

Moreover, 1,432 villas (throughout 2 clusters) are within the remaining phases of appointing the principle contractor, whereas 1,025 villas (throughout 2 clusters) are within the remaining phases of design. Greater than 2,600 villas have already reached the bottom flooring or above.

The undertaking employs a every day workforce of greater than 14,000 people, supported by over 100 excavators and greater than 850 autos coming into the location every 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 formidable 4.5 million sq. m, DAMAC Lagoons is the corporate’s third grasp neighborhood improvement within the metropolis and is situated adjoining to DAMAC Hills.

The event’s prime location gives residents with quick access to varsities, leisure centres, and hospitals, all inside shut attain.

Themed on the Mediterranean area and with a eager deal with water-inspired options, DAMAC Lagoons can be divided into a number of clusters, every capturing the essence of a famend Mediterranean metropolis. In addition to Venice, the clusters embody Ibiza, Malta, Marbella, Morocco, Monte Carlo, Mykonos, Costa Brava, Good, Portofino, and Santorini.

With a complete gross flooring space (GFA) of two.3 million sq.m. the neighborhood will characteristic greater than 9,000 villas. Up to now, greater than 95% of launched items have been offered thus far. In keeping with the water-inspired theme, the neighborhood will encompass 176,650 sq. m. of water areas, an space bigger than 141 Olympic-sized swimming swimming pools. On completion, the neighborhood is predicted to accommodate greater than 39,400 folks. 

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

In keeping with DAMAC’s dedication to sustainability, the undertaking can also be at present within the means of acquiring a LEED Gold certification, aiming to develop into one of many first grasp communities within the UAE to obtain this prestigious score beneath the LEED Cities and Communities Ranking System. The event integrates inexperienced and sustainable options at each stage, from preliminary design to development and future operation.