DAMAC awards approximately AED 100 million construction contracts
DAMAC awards approximately AED 100 million construction contracts as it accelerates development at AKOYA Oxygen.
Online PR News – 14-February-2018 – Dubai, UAE – DAMAC Properties has awarded, among others, a construction contract to Emirates Electrical Engineering LLC (EEE) for a third 132/11KV substation at its 55 million square foot master community, AKOYA Oxygen. The new substation will feed power to a further 2,888 villas and 855 apartments and is expected to be commissioned within two years.
This is the third contract awarded by DAMAC for the construction of substations at AKOYA Oxygen, and is the first for EEE, following previous substation builds by ABB and Jazeera Emirates.
“This is the first major contract to be awarded in 2018 as we continue to accelerate construction development at AKOYA Oxygen, to provide electrical supply for all residential units in phases 6, 7 and 9,” said Mohammed Tahaineh, Senior Vice President – Commercial, DAMAC Properties. “We are making positive progress with construction efforts at AKOYA Oxygen and across all our developments, with more than AED3.5 billion in contracts awarded in 2017 alone.”
AKOYA Oxygen offers a tranquil environment with lush, green surroundings in a secluded, family-friendly community, with energy-efficient homes surrounded by beautiful landscaping and cascading water features.
Located off the Umm Sequim Road extension and approximately 15 minutes from DAMAC Hills, AKOYA Oxygen will include contemporary residential properties of various sizes surrounding an 18-hole championship golf course.
Community precincts at AKOYA Oxygen will contain facilities arranged around local plazas that house a variety of functions such as mosques, clinics, schools, nurseries, gyms, post offices, restaurants and local grocery shops.
The 18-hole golf course will comprise of two loops of nine holes starting and finishing at the centrally located clubhouse, hotel, driving range and putting green. The Golf course is landscaped to achieve variation between holes with scenic waterways linked to overall site. The southern quarter will include a signature high-rise tower cluster, mid-rise residential apartments and local community precinct. The towers provide a landmark at this entry point for the development.