Damac appoints Chinese contractor to build Dubai tower

02 September 2018
China State will build a residential tower at the Aykon development on Sheikh Zayed Road

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.

This article has been unlocked to allow non-subscribers to sample MEED’s content. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here

 

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.

Get Notifications