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DAMAC – Akoya Oxygen Mixed-Use Development – Dubai - Project Profile

DAMAC – Akoya Oxygen Mixed-Use Development – Dubai - Project Profile

Synopsis

"DAMAC – Akoya Oxygen Mixed-Use Development – Dubai - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "DAMAC – Akoya Oxygen Mixed-Use Development – Dubai - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

DAMAC Properties (DAMAC) is undertaking the construction of Akoya Oxygen project in Dubai, the UAE.

The project involves the construction of a mixed-use community on 510ha land and is planned to be developed in phases.

The project will include the construction of 5,676 villas of different types in different areas.

In the initial phase project will include the construction of 1,528-villas, 9290m2 retail and commercial space, a five-star Hotel, a wellness center, leisure space, entertainment units, 18-hole golf course, 2,000 apartments, parking and other related facilities.

The 18-hole golf course is named after Trump World Golf Club, which includes a clubhouse, restaurant and pro shop. This golf course will be operated by The Trump Organization.

In December 2014, Tiger Woods was appointed as design contractor for Trump World Golf Club; and Aecom as the design consultant for the project.

Al Arif Contracting LLC and National Piling have been appointed as the contractors.

In January 2015, Ghantoot Group was appointed as a construction contractor to build 981 Villas and Lootah Building & Construction LLC to build 547 villas of the project.

On February 24, 2016, Punj Lloyd awarded US$45 million infrastructure contract for 168 villas.

In November 2016, DAMAC awarded US$40 million contract for infrastructure works for 1,449 villas to Construction Engineering Corporation.

In February 2017, DAMAC Properties has confirmed that the 18-hole golf course design has been completed and the golf course is set to open in 2018.

In April 2017, DAMAC awarded the US$15.90 million contract to Towers Technology Contracting Company LLC for Mulberry cluster villas. The scope of the contract includes main structure works.

In May 2017, Damac Properties has awarded a contract US$11million to Proscape LLC for the roads and infrastructure works at Vardon cluster.

On August 1, 2017, DAMAC has awarded US$171 million contracts for the construction of 1,296 villas for the Al-Yufrah 2 area to Arabtec Construction. Construction on villas is expected to start in the third quarter of 2017, and scheduled to be completed in two years.

Construction activities are underway and scheduled to be completed in 2022.

Scope

The project involves the construction of a mixed-use community on 510ha land in Dubai, the UAE.

The US$2,000 million project includes the following:

1. Construction of residential units

2. Construction of a 9290m2 retail and commercial space

3. Construction of a five-star Hotel

4. Construction of a wellness center

5. Construction of leisure space

6. Construction of 1,528-villas

7. Construction of entertainment units

8. Construction of an 18-hole golf course

9. Construction of 2,000 apartments

10. Construction of parking and other related facilitiesReasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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