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Old April 27th, 2017, 03:27 PM   #161
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Old June 10th, 2017, 02:45 PM   #162
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DUBAI, 3rd May, 2017 (WAM) -- DAMAC Properties has awarded a contract worth AED40 million to Proscape LLC for the roads and infrastructure works at Vardon cluster within AKOYA Oxygen, a 55-million-square-foot lush green development in Dubai.

Mohammed Tahaineh, Senior Vice President of Commercial at DAMAC Properties, said, "We are pleased to award the roads and infrastructure works at Vardon cluster within AKOYA Oxygen to Proscape, one of Dubai’s premier landscaping and infrastructure contractors. At the heart of our efforts lies our commitment to a high-standard of development and finishing works across the various components that make up our projects; from roads and infrastructure within our communities to the buildings and interior finishes.
"Our desire to maintain high quality standards is evident through the appointment of such contractors, which offer focused expertise tailored to the development works at hand."
hopefully they commit to the construction schedule, Vardon is another cluster launched for infrastructure.

Damac Properties has announced plans to build a five-tower hotel comprising 2,000 hotel rooms overlooking its planned Trump branded golf course at Akoya Oxygen.

The Dubai-listed developer known for its high-profile tie- up with the US president Donald Trump’s golf course operation, is marketing the hotel rooms to investors as off-plan investments at this week’s Arabian Travel Market exhibition.

Off-plan prices for hotel room units in the project start at Dh395,000, payable over five years, according to Damac’s website.

"Investors will be pleased with the opportunity to own a hotel room on an international golf course that reaps higher returns than any other investment classes," said Niall McLoughlin, the senior vice president for Damac. "Owning a hospitality unit provides an attractive return on investment due to the burgeoning tourism industry and potential revenues that can be generated."

Estimating hotel yields in Dubai is not always straightforward as the idea of selling off individual rooms to investors is fairly new in the region, while existing hotels are often owned by private investors who seldom disclose the prices they paid for the properties.

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Old August 1st, 2017, 09:28 PM   #163
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Damac Properties, a Dubai based real estate developer, awarded Arabtec Construction with a Dh628 million contract to develop 1,296 villas at Damac’s Akoya Oxygen master development.

Arabtec will begin construction in the third quarter of this year at the 55 million-square-foot green development in Dubailand, and is expected to complete the project within 24 months, according to a statement from Damac on the Dubai bourse.
“Damac always chooses to partner with leading contractors and consultants who have a proven track record for delivering quality and efficiency. With Arabtec, we are confident that the momentum and steady progress at Akoya Oxygen will remain on track right through to project completion,” said Mohammad Tahaineh, Senior Vice President, Commercial at Damac Properties.
Located off the Umm Suqeim Road extension and approximately 15 minutes from Damac Hills, Akoya Oxygen will include contemporary residential properties of various sizes surrounding an 18-hole championship golf course, along with an organic produce market, hydroponic cafe, luxury wellness centre, outdoor yoga enclave and retail outlets featuring well-known brands.
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Old October 14th, 2017, 02:58 PM   #164
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https://www.youtube.com/watch?v=5EENDhVC6V8 older update from March 2017
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