UAE-based real estate developer DAMAC Properties has announced further developments to its third master community, DAMAC Lagoons with new contracts worth close to AED 235 million.
The latest contracting entrants into this master community include Hills & Fort Construction LLC and Ancient Builders Construction LLC. Hills & Fort Construction LLC has been awarded a contract for the community roads and infrastructure works for the Malta and Venice clusters. Meanwhile Ancient Builders Construction LLC has been awarded the main works package for 61 villas at the Portofino cluster.
“The new contracts are a testament of the construction speed and pace that we are maintaining in developing our third master community, DAMAC Lagoons. We are thrilled to see that our latest community project is steadily moulding into a reality, breathing life to a project that is close to our hearts. We look forward to maintaining this progress, and taking the finished product to our customers at good speed,” said Mohammed Tahaineh, General Manager of Projects at DAMAC.
Located adjacent to DAMAC Hills, the DAMAC Lagoons community is DAMAC’s third master community development in Dubai covering a total area of 45 million square feet.
There will be several activity hubs and residential clusters in the community, all themed and named after Mediterranean cities such as Nice, Morocco, Ibiza, Portofino, Monte Carlo, Marbella, Mykonos, Malta, Santorini, Costa Brava, and Venice.
Residents at the community will have a range of facilities to enjoy from waterside cafes, a floating cinema, lagoon-facing infinity pools, outdoor art exhibits, yoga lawns, an Augmented Reality (AR) nature trail, a spa and beauty salon, and a meditation lounge.
In addition, residents seeking to partake in fitness activities can enjoy the rock-climbing wall, kayaking, paddle surfing, a zipline, and several bicycle trails. The community also has the advantage of location that has in its close vicinity various schools, entertainment centres, and hospitals.
The community is set to become one of the first LEED for Communities Gold Certified projects in the UAE. All villas and buildings meet Al Safat Silver in addition to certifying two main commercial buildings with LEED Gold Rating, the clubhouse and the sales centre.
DAMAC Properties has been keeping momentum with the rapidly growing real estate market fervour, helping fill the supply chain to match the rising demands from investors in the UAE.
As well as its growing residential master communities, the company has announced multiple tower projects catering to the expanding luxury residential segment in the region. With a robust track record of successful projects in the home market, the company has been looking towards strategic expansions to new geographies. Following the successful launch of its iconic tower in London, DAMAC is set to announce plans for Miami and Toronto in good time.
