Damac Properties has awarded a contract worth AED1.2bn to Darwish Engineering Emirates for the main works package for 275 villas in the Venice cluster in the Damac Lagoons community.
The master development has so far awarded contracts close to AED7bn. More than AED1bn worth of contracts to date for infrastructure and over AED5.6bn worth of contracts have been awarded to date for villa construction. In the first half of this year alone, Damac awarded contracts worth AED2.4bn, a testament to the project’s steady construction momentum, the company said.
Muhammed Tahaineh, General Manager of Projects at Damac, said: “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.”
Themed on the Mediterranean region and with a keen focus on water-inspired features, Damac Lagoons will be divided into multiple clusters, each capturing the essence of a renowned Mediterranean city. As well as Venice, the clusters include Ibiza, Malta, Marbella, Morocco, Monte Carlo, Mykonos, Costa Brava, Nice, Portofino, and Santorini.
Damac Lagoons will also offer an array of amenities, including an exclusive clubhouse, lush green meadows, retail shops, a floating amphitheatre, fitness centres, crystal lagoons, kids’ play areas, an inland white beach, a water cinema, a wave pool and waterpark.
