Dubai-based Damac Properties has awarded more than Dh2.8 billion worth of contracts during the first half of this year.
The developer said that the awards include main works packages on more than 1,500 villas at its Akoya Oxygen community in Dubailand, three new apartment blocks at the nearby Akoya by Damac development and the main contracts for three of its four hotel apartment schemes – Damac Maison Privé, NAIA Vantage and Naia Celestia.
Ghantoot Gulf Contracting was awarded the biggest villas package at Akoya Oxygen, where it is delivering 981 homes and Lootah Building will deliver a further 547 villas. Seidco General Contracting (Seidco) will deliver three seven-storey towers at Akoya Damac and Pivot Engineering will build 239 villas at Akoya Park.
Civilco Civil Engineering & Contracting will build NAIA Celestia in the Dubai World Central district, Damac Maison Privé will be built by Seidco and NAIA Vantage by Reem Capital Contracting.
Damac has also awarded smaller packages including the clubhouse at the Trump International Golf Club at Akoya by Damac, which is also being built by Seidco, and one for a new substation in the same development to Jazeera Emirates Power.
“These awards are the start of a major building programme we have coming up across the course of the year and there will be many opportunities for quality contractors in the coming months as we release more tenders on our portfolio,” said Mohammed Tahaineh, the senior vice president t Damac Properties.
By the end of March, Damac had delivered almost 14,000 homes and had a portfolio of 37,000 more units in the pipeline. These include 10,000 hotel rooms and serviced hotel apartments.
mfahy@thenational.ae
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
World Cup League Two
Results
Oman beat Nepal by 18 runs
Oman beat United States by six wickets
Nepal beat United States by 35 runs
Oman beat Nepal by eight wickets
Fixtures
Tuesday, Oman v United States
Wednesday, Nepal v United States
if you go
The flights
Fly to Rome with Etihad (www.etihad.ae) or Emirates (www.emirates.com) from Dh2,480 return including taxes. The flight takes six hours. Fly from Rome to Trapani with Ryanair (www.ryanair.com) from Dh420 return including taxes. The flight takes one hour 10 minutes.
The hotels
The author recommends the following hotels for this itinerary. In Trapani, Ai Lumi (www.ailumi.it); in Marsala, Viacolvento (www.viacolventomarsala.it); and in Marsala Del Vallo, the Meliaresort Dimore Storiche (www.meliaresort.it).
The biog
Name: Abeer Al Shahi
Emirate: Sharjah – Khor Fakkan
Education: Master’s degree in special education, preparing for a PhD in philosophy.
Favourite activities: Bungee jumping
Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.
Brief scores:
Manchester City 3
Aguero 1', 44', 61'
Arsenal 1
Koscielny 11'
Man of the match: Sergio Aguero (Manchester City)
Three ways to boost your credit score
Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;
3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
