Sunday, June 1, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World Middle East

Contract Worth Over AED 1.2 Billion for DAMAC Lagoons Project

18 February 2024
in Middle East
0 0
Contract Worth Over AED 1.2 Billion for DAMAC Lagoons Project
Share on FacebookShare on Twitter


Darwish Engineering Emirates LLC awarded the package for the main works
The scope of work will include villas in the Venice cluster  

DAMAC Properties, one of the leading luxury real estate developers in the Middle East, has awarded a contract worth AED 1.2 billion to Darwish Engineering Emirates LLC.

The contract consists of the main works package for 275 villas in the Venice cluster in its highly anticipated third master community, DAMAC Lagoons.

Thus far, the master development has awarded contracts close to AED 7 billion for the master development. More than AED 1 billion worth of contracts to date for infrastructure, and over AED 5.6 billion worth of contracts have been awarded to date for villa construction. In the first half of this year alone, DAMAC awarded contracts worth AED 2.4 billion, a testament to the project’s steady construction momentum. 

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.”

Additionally, 1,432 villas (across 2 clusters) are in the final stages of appointing the main contractor, while 1,025 villas (across 2 clusters) are in the final stages of design. More than 2,600 villas have already reached the ground floor or above.

The project employs a daily workforce of more than 14,000 individuals, supported by over 100 excavators and more than 850 vehicles entering the site daily.

DAMAC Properties has awarded a contract worth AED 1.2 billion to Darwish Engineering Emirates LLC.

Remarkably, DAMAC Lagoons has achieved over 19.6 million safe man-hours without any lost time incident, reflecting its unwavering commitment to the safety and well-being of its workforce.

Spanning an impressive 4.5 million sq. m, DAMAC Lagoons is the company’s third master community development in the city and is located adjacent to DAMAC Hills.

The development’s prime location provides residents with easy access to schools, entertainment centres, and hospitals, all within close reach.

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.

With a total gross floor area (GFA) of 2.3 million sq.m. the community will feature more than 9,000 villas. To date, more than 95% of released units have been sold to date. In line with the water-inspired theme, the community will consist of 176,650 sq. m. of water spaces, an area larger than 141 Olympic-sized swimming pools. On completion, the community is expected to accommodate more than 39,400 people. 

DAMAC Properties has awarded a contract worth AED 1.2 billion to Darwish Engineering Emirates LLC.

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, waterpark.

In line with DAMAC’s commitment to sustainability, the project is also currently in the process of obtaining a LEED Gold certification, aiming to become one of the first master communities in the UAE to receive this prestigious rating under the LEED Cities and Communities Rating System. The development integrates green and sustainable features at every stage, from initial design to construction and future operation.



Source link

Tags: AEDBillionContractDAMACLagoonsProjectWorth
Previous Post

Clareburt wins at World Champs

Next Post

Navalny snuffed out – VoxEurop

Related Posts

US envoy Witkoff – Middle East Monitor
Middle East

US envoy Witkoff – Middle East Monitor

by My News Wave
1 June 2025
0

US Middle East envoy Steve Witkoff deemed Hamas' response to the proposed Gaza ceasefire “totally unacceptable,” stating it regresses progress and urging Hamas to accept the US framework for talks. Witkoff emphasized that this framework could facilitate a 60-day ceasefire, allowing for the return of hostages and deceased individuals to their families, alongside substantive negotiations for a permanent ceasefire. Hamas, in its response through mediators Egypt and Qatar, called for a permanent ceasefire, Israeli withdrawal...

Read more
Iran rejects IAEA report on its enrichment as ‘pretext for political maneuvering’ – Middle East Monitor
Middle East

Iran rejects IAEA report on its enrichment as ‘pretext for political maneuvering’ – Middle East Monitor

by My News Wave
1 June 2025
0

Iran has rejected the latest International Atomic Energy Agency (IAEA) report on its nuclear program, labeling it “baseless” and a tool for political maneuvering. The report indicates Iran's stockpile of uranium enriched to 60% purity has increased by nearly 50%, potentially sufficient for nine nuclear weapons, and claims Iran engaged in undeclared activities at three sites. Iran's Foreign Ministry warned of “appropriate measures” to protect its rights if the report is misused at the IAEA...

Read more
Gaza rescuers say Israeli fire kills 22 near aid site as truce talks falter
Middle East

Gaza rescuers say Israeli fire kills 22 near aid site as truce talks falter

by My News Wave
1 June 2025
0

Israeli gunfire killed at least 22 Palestinians near a US-backed aid distribution site in Rafah, Gaza, as international criticism mounts over Israel's humanitarian actions amid a severe blockade. A newly established organization, the Gaza Humanitarian Foundation, has begun distributing aid but has faced chaos and casualties from Israeli fire. While negotiations for a ceasefire continue, the US has deemed Hamas's response to a ceasefire proposal unacceptable, with significant casualties reported on both sides since the...

Read more
Gaza rescuers say Israeli fire kills 10 near aid site as ceasefire push stalls
Middle East

Gaza rescuers say Israeli fire kills 10 near aid site as ceasefire push stalls

by My News Wave
1 June 2025
0

On Sunday, Gaza rescuers reported that Israeli gunfire killed at least 10 Palestinians near a US-backed aid distribution site, coinciding with Washington's rejection of a Hamas ceasefire proposal. Amid escalating humanitarian crises, the UN has warned of impending famine in Gaza, where aid is limited despite a partial blockade lift. Hamas condemned the situation as a "massacre" and called for a permanent ceasefire, while US negotiators criticized Hamas's response to the ceasefire proposal as "totally...

Read more
Israeli forces raid West Bank, military vehicle rams into bus carrying Hajj pilgrims in Jenin – Middle East Monitor
Middle East

Israeli forces raid West Bank, military vehicle rams into bus carrying Hajj pilgrims in Jenin – Middle East Monitor

by My News Wave
31 May 2025
0

Israeli forces conducted multiple raids in the occupied West Bank, arresting two Palestinians and damaging a bus carrying Hajj pilgrims in Jenin, where a military vehicle reportedly rammed into the bus. The bus was transporting elderly Palestinians to Saudi Arabia via Jordan, prompting condemnation from Jenin Deputy Governor Mansour al-Saadi due to the distress caused to vulnerable passengers. Additional arrests occurred in Silat al-Harithiya and Tulkarem, while military actions in Nablus involved gunfire and sound...

Read more
Saudi Arabia eyes Syria with new investment as Gaza remains in rubble
Middle East

Saudi Arabia eyes Syria with new investment as Gaza remains in rubble

by My News Wave
31 May 2025
0

Syria’s Foreign Minister Asaad al-Shaibani and Saudi Foreign Minister Prince Faisal bin Farhan visited the Umayyad Mosque in Damascus, symbolizing Syria's renewed connection with the Sunni Arab states and its Islamic heritage. This rapprochement has led to economic cooperation, with Saudi Arabia and Qatar pledging joint financial support for Syrian state employees, while contrasting with the ongoing violence in Gaza. As international engagement grows in Syria, it may isolate Israel further, highlighting a shift in...

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Paul George trades built both 2025 NBA Finals rosters for Thunder and Pacers
  • Sharon Horgan says she only found confidence after Bad Sisters series two
  • Will 'Vibe Coding' Transform Programming?
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In