Local developer Damac Properties has awarded Beijing-based China State Construction Engineering Corporation a AED512m ($140m) contract to build a tower at its Aykon City development in Dubai.
The contract involves the construction of Tower C, which is a 62-floor residential building with a total built-up area of about 180,000 square metres. It includes two basement levels, the ground floor, 10 podium levels, a lifestyle and entertainment level, 48 residential floors and a rooftop.
In February, Damac awarded China State an estimated AED600m contract to build Tower B at the Aykon City development.
That contract covers main works construction for a 53-storey serviced apartment tower. The tower includes two basements, a ground floor and 10 podium levels, a dedicated lifestyle and entertainment level, 53 residential floors and a rooftop.
Located alongside Sheikh Zayed Road next to Safa Park and the Dubai Water Canal, the 4 million square-foot Aykon City development comprises towers with residences, serviced apartments, a hotel and office space.
China State is also working for Damac at the Akoya Oxygen development. In June, it was awarded a AED72m infrastructure contract covering road and general infrastructure works at three clusters – Victoria, Avencia and Amargo – and providing access and services for 1,623 villas.
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