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Damac/MHL – Aykon City Mixed-Use Development – Dubai - Project Profile

Damac/MHL – Aykon City Mixed-Use Development – Dubai - Project Profile

Synopsis

"Damac/MHL – Aykon City 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/MHL – Aykon City 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) and Meraas Holding LLC (MHL) are undertaking a mixed-use community in Dubai, the UAE.

The project involves the construction of mixed-use community on 371,612m2 of land and will be developed in phases.

The first phase includes the construction of an 80-story AYKON Hotel and Residences, a 63-story DAMAC Maison Serviced Hotel Residences, a 60-story apartment tower and a 65-story office tower linked by a central podium with retail, dining and entertainment space.

DAMAC Maison Serviced Hotel Residences will include the construction of 280 hotel room on the top ten stories out of 63-stories.

The second phase includes the construction of two 30-story residential towers.

The project includes the construction of swimming pools, a spa, a beach club, cafes, restaurants, a private members club, parking and related facilities.

DAMAC Properties in-house is undertaking the construction.

Handel Architects, Llp (Handel) and KEO International Consultants were appointed as architects.

In February 2016, Damac unveiled the project plans.

On March 10, 2016, Damac launched the 63-story DAMAC Maison Serviced Hotel Residences.

On June 7, 2016, Damac launched the 60-story apartment tower.

On September 6, 2016, Damac launched 80-story AYKON Hotel and Residences.

Damac launched new residential units of the project in April 2017.

Construction works are underway and scheduled to be completed in 2021.

Scope

The Aykon City project involves the construction of mixed-use community on 371,612m2 of land in Dubai, the UAE.

The US$2,100 million project includes the following:

1. Construction of an 80-story AYKON Hotel and Residences

2. Construction of a 63-story DAMAC Maison Serviced Hotel Residences

3. Construction of a 60-story apartment tower

4. Construction of a 65-story office tower

5. Construction of two 30-story residential towers

6. Construction of swimming pools

7. Construction of a spa

8. Construction of beach club

9. Construction of cafes and restaurants

10. Construction of a private members club

11. Construction of parking and related facilities

12. Installation of elevators and safety systemsReasons 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.Scope
6.Description
7.Latest update
8.Background
9.Key Contacts
10.General News, Project News
11.Appendix

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