Damac affiliate to develop Dubai Media City residential tower

30 December 2014

Modern Elegance working on the 56 storey tower

Damac Properties affiliate Modern Elegance is developing 56-floor residential tower known as Al-Sufouh tower in Dubai Media City opposite Dubai Marina on Al-Sufouh road.

The local National Piling Company is working on the enabling works which are expected to take two months to complete. The main construction contract is scheduled to be completed over a period of 33 months.

US-based Aecom is the supervision and design consultant.

Local developer Damac Properties is one of the most active property developers in Dubai and has a number of current projects under construction. Its largest tower project is Damac Towers by Paramount. The AED1bn ($272m) construction contract for that project was awarded to Turkey’s TAV in late 2013. The four towers that make up the project are linked by a multi-level plaza. One tower comprises the Paramount Hotel with the remaining three towers housing the Damac Maison-Paramount co-branded serviced Hotel Residences.

Damac is also developing the Akoya by Damac, which is a 42 million square foot golf community off Umm Suqeim Road in Dubai. The project includes mansions, villas, apartments and the Trump International Golf Course.

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