The contractor will build 1,296 villas in Dubai
Dubai developer Damac Properties has awarded a $171m contract for the construction of 1,296 villas in Dubai, according to a statement on the Dubai Financial Markets (DFM).
The contract was awarded to the local Arabtec Construction for the Al-Yufrah 2 area at the Akoya Oxygen project in Dubai.
The DFM statement said that work is set to start within the current quarter with the projects completion date expected in two years.
In early July, Arabtec was awarded the contract to build and operate the UAE Pavilion at the Expo 2020 site.
The pavilion is expected to cover up to 15,000 square metres and will include numerous exhibition areas, an auditorium, food and beverage outlets and VIP lounges. It will be located facing Al-Wasl Plaza, which lies at the centre of the 2 million-sq-m exhibition zone.
Masdar is the development manager for the project.
You might also like...
Iran-US talks see earnest engagement
27 February 2026
Kuwait receives bids for $400m Subiya utilities plant works
27 February 2026
A partner’s perspective on working with Sharakat
27 February 2026
Egypt’s Obelisk equity move merits attention
27 February 2026
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.
Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.
