Development at DAMAC Properties’ AKOYA Oxygen Speeds Ahead with Further Road and Main Works Worth over AED 350 million

Tue, 07 Nov, 2017

DAMAC Properties, a leading luxury real estate developer in the region, has initiated further construction work at its largest residential community development, AKOYA Oxygen, worth over AED 350 million in October. This follows its recent AED 628 million contract awarded to Arabtec Construction LLC in August 2017, to develop 1,296 villas at AKOYA Oxygen.

“DAMAC continues to initiate major construction projects at AKOYA Oxygen to accelerate development to ready its 55-million square-foot green development in Dubailand to welcome its first residents as early as possible,” said Mohammed Tahaineh, Senior Vice President of Commercial at DAMAC Properties. “With the help of our esteemed contractors and partners who have worked with us for many developments, we are confident with the progress being made.”

Towers Technology Contracting Co. LLC is the chosen contractor to carry out main works for 448 villas at Akoya Oxygen Vardon while Nael Construction & Contracting LLC is responsible for building the roads and infrastructure network linking various clusters in phase 6 within the community together and to the main road network around the community. This new infrastructure award supplements the previous contracts awarded for infrastructure works to industry majors such as China State Construction Engineering and Ghantoot Road Contracting for the earlier phases of the development.

AKOYA Oxygen offers a tranquil environment with lush, green surroundings in a secluded, family-friendly community, with energy-efficient homes surrounded by beautiful landscaping and cascading water features.

Located off the Umm Suqeim Road extension and approximately 15 minutes from Damac Hills Apartments, AKOYA Oxygen will include contemporary residential properties of various sizes surrounding an 18-hole championship golf course, along with an organic produce market, hydroponic café, luxury wellness centre, outdoor yoga enclave and retail outlets featuring well-known brands.

Community Precincts at AKOYA Oxygen will contain facilities arranged around local plazas that house a variety of functions such as mosques, clinics, schools, nurseries, gyms, post offices, restaurants and local grocery shops.

The 18-hole golf course will comprise of two loops of nine holes starting and finishing at the centrally located clubhouse, hotel, driving range and putting green. Golf course landscaped to achieve variation between holes with scenic waterways linked to overall site. The southern quarter will include a signature high-rise tower cluster, mid rise residential apartments and local community precinct. The towers provide a landmark at this entry point for the development.