Dubai developer Damac Properties has confirmed that work on its major golf-course projects Akoya and Akoya Oxygen are progressing on track.
The company said it has awarded 15 major construction and consultancy contracts worth Dhs1.26bn between August and November 2016.
Many of the contracts are for services related to projects in Dubai including mega developments Akoya and Akoya Oxygen, the company said in a statement.
The $6bn Akoya development features an 18-hole championship golf course – the Trump International Golf Club Dubai – and the project, spread across 42 million square feet, will include luxury residences, a clubhouse and restaurants.
The Akoya Oxygen project is spread across 55-million sqft and will feature an 19-hole golf course and what is claimed to be the emirate’s first tropical rainforest, luxury residences, healthy dining options, a fresh market, schools and nurseries.
Damac said the contracts for Akoya cover the main works for construction of villas and apartments in several clusters of the masterplan community.
In Akoya Oxygen, the contracts awarded cover main works for construction of villas and roads and infrastructure works and piling. Consultancy agreements for the provision of design and supervision services related to the clubhouse and sub-stations have also been awarded.
Mohammed Tahaineh, senior vice president – Commercial at Damac Properties said: “With the handover of 1,350 villas and apartments at Akoya by Damac in the last quarter of 2016, as well as the upcoming opening of the Trump International Golf Club, Dubai during the first quarter of 2017, the project is rapidly progressing and taking shape – on track to becoming a full-fledged community.
“The overall progress of the golf infrastructure work of Akoya stands at 95 per cent. Trump PRVT, scheduled for handover during Q1 2019, will mark the completion of the entire master development.
“In Akoya Oxygen, we continue to achieve significant progress as we have appointed eight main contractors so far for the construction of 5,676 villas and works have commenced for all,” he added.
The golf course construction packages at Akoya Oxygen have been awarded and works are under progress. The backbone infrastructure design is completed, mobilisation works are completed and engineering works are in progress, the statement said.
Designs of several clusters are completed and several main contractors are appointed.
Some of the contractors appointed include Ghantoot Gulf Contracting, Al Arif Contracting and National Piling.
The largest contract – valued at Dhs554m – was awarded to China State Construction Engineering Corporation for the main works package on the residences at Paramount Tower Hotel & Residences.
In total, the value of contracts awarded so far in 2016 have reached Dhs6.51bn for projects in Dubai and the UK, Damac said.
The developer has also launched several projects with a combined value of over Dhs15bn so far this year.
They include AYKON City hotel apartments and hotel rooms, AYKON City residential apartments, XV Villas at AKOYA by DAMAC, The Beach by Maison De Ville, Tower 108, AKOYA Cuatro Villas, AKOYA Imagine, AKOYA Imagine plots, AKOYA Imagine 2.0, AKOYA Fresh, AKOYA Selfie, AKOYA Manarola and DAMAC Maison Privé, DAMAC Maison Majestine, DAMAC Maison De Ville Artesia, DAMAC Maison De Ville Tenora and DAMAC Maison De Ville Celestia, and Trump PRVT.