UAE’s developer, DAMAC Properties announced in a statement that, it has awarded a contract for the construction of Zada, a 26-storey tower located in the Business Bay neighbourhood.
The project has been awarded to local construction firm, Trans Emirates Contracting, LLC.
The value of signed contract is AED 181,000,000 (USD 49,285,228).
Strategically located within a master-planned community in Business Bay, Zada offers world-class amenities such as a swimming pool, a children’s playground and a fitness centre, among others. Owing to its location in one of Dubai’s most sought after neighbourhoods nearby Burj Khalifa, residents will be close to the best shopping, dining, and entertainment experiences in their vicinity.
“We have a strong business model and infrastructure that enables DAMAC to grow, develop, and advance, despite any challenges we may face. This is a reflection of our organisational capacity to continue our progressive journey. The new contract with Trans Emirates Contracting confirms the extent of our focus on cooperating with only the best contractors to develop our projects while adhering to the highest quality standards, and our Zada project is a reaffirmation of our success in the luxury real estate development sector.” Niall McLoughlin, Senior Vice President, said.
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