{"id":37984,"date":"2016-12-14T01:02:42","date_gmt":"2016-12-13T18:02:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=37984"},"modified":"2016-12-13T22:16:03","modified_gmt":"2016-12-13T15:16:03","slug":"damac-awards-contracts-worth-dh1-26bn-in-last-four-months","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-awards-contracts-worth-dh1-26bn-in-last-four-months\/","title":{"rendered":"Damac awards contracts worth Dh1.26bn in last four months"},"content":{"rendered":"


\nLucy BarnardDubai developer Damac awarded 15 construction and consultancy contracts worth Dh1.26 billion in the four months between August and November, the company said on Tuesday.Damac said this included main works contracts for villas and apartments at several clusters at its 42-million-square foot Akoya golf course development.It also included main works contracts for villas, roads and infrastructure work, piling and consultancy agreements at its 55 million square feet Akoya Oxygen golf course project.Damac said that it had appointed 8 main contractors for the construction of 5,676 villas at the scheme and it had awarded golf course construction packages. The contractors included Ghantoot Gulf Contracting, Al Arif Contracting and National Piling.And Damac said that it had also awarded contracts for enabling works and shoring works at its 4-million-square foot Aykon City development next to the Dubai Canal and Sheikh Zayed Road.In November Damac announced it had awarded China State Construction Engineering Corporation a Dh554 million contract to build part of its second Paramount Hotel project in Dubai.Damac said that the new contracts brought the total value of contracts awarded so far in 2016 in London and Dubai to Dh6.51bn.The news comes despite falling profits at Damac as house prices for super luxury homes in Dubai continue to slide and brokers report most demand in the lower end of the market.In November Damac reported an 11.7 per cent fall in third-quarter profits, as the developer’s chairman acknowledged that this year would be remembered as “the year of market turmoil and macroeconomic pressures”.lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Damac awards contracts worth Dh1.26bn in last four months<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lucy BarnardDubai developer Damac awarded 15 construction and consultancy contracts worth Dh1.26 billion in the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-37984","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9SE","jetpack-related-posts":[{"id":17742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-damac-awards-dh3bn-of-contracts-in-first-half-of-2016\/","url_meta":{"origin":37984,"position":0},"title":"Dubai's Damac awards Dh3bn of contracts in first half of 2016","date":"June 26, 2016","format":false,"excerpt":"\r The Dubai developer Damac Properties said that it has awarded 25 construction and consultancy contracts worth Dh3 billion over the past six months.Damac said that contracts awarded during the first half of 2016 include construction contracts to build 2,678 villas within its Akoya Oxygen development and contracts to build\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47327,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-awards-dh1-4-billion-in-contracts-in-first-two-months-of-2017\/","url_meta":{"origin":37984,"position":1},"title":"Damac awards Dh1.4 billion in contracts in first two months of 2017","date":"March 9, 2017","format":false,"excerpt":"\r Damac Properties has awarded 121 construction contracts in the first two months of the year with a combined value of Dh1.4 billion.The developer said that the awards include main contract packages at five of its sites - Akoya Oxygen, Damac Hills, Aykon City and at two new towers in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-properties-awards-contracts-worth-816m-in-first-half-of-2016\/","url_meta":{"origin":37984,"position":2},"title":"Damac Properties awards contracts worth $816m in first half of 2016","date":"June 26, 2016","format":false,"excerpt":"\r 25 construction and consultancy contracts include the main packages for more than 2,678 villas within its luxury lifestyle community Akoya Oxygen\r \r Source : arabianbusiness.com\r Read more...Damac Properties awards contracts worth 6m in first half of 2016","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11422,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jacuzzi-or-sauna-damac-launches-hotel-spa-villas-in-dubais-akoya-oxygen\/","url_meta":{"origin":37984,"position":3},"title":"Jacuzzi or sauna? Damac launches hotel spa villas in Dubai's Akoya Oxygen","date":"April 26, 2016","format":false,"excerpt":"\r Damac is continuing its creative ways of attracting property buyers to Dubai with the launch of a collection of villas containing a private garden spa.The hotel spa villas are part of Damac's Akoya Oxygen project, on the Umm Suqeim Road, and provide buyers with a choice of Jacuzzi or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-launches-new-cluster-of-golf-villas-at-akoya-oxygen\/","url_meta":{"origin":37984,"position":4},"title":"Damac launches new cluster of golf villas at Akoya Oxygen","date":"July 3, 2016","format":false,"excerpt":"\r The three-bedroom villas at Akoya Imagine are aimed at young couples and families, Damac said\r \r Source : arabianbusiness.com\r Read more...Damac launches new cluster of golf villas at Akoya Oxygen","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32187,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-launches-three-bed-akoya-fresh-villas-for-dh1-2-million\/","url_meta":{"origin":37984,"position":5},"title":"Damac launches three-bed Akoya Fresh villas for Dh1.2 million","date":"October 29, 2016","format":false,"excerpt":"\r Damac Properties has announced the launch of a series of new three-bedroom villas at its Akoya Oxygen master development in Dubailand.The company on Saturday said the Akoya Fresh villas have been targeted at young professional couples and families with a starting price of Dh1.2 million, which is payable over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37984"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=37984"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/37984\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=37984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=37984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=37984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}