DAMAC to tender construction of a second tower at its AYKON City master development

Mon, 12 Mar, 2018

DAMAC Properties 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 AED 600 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, 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.