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Arabtec wins third contract on Dubai development

24 Oct 18 Damac Properties has awarded Arabtec 鶹 a contract to build 478 villas at its Akoya Oxygen development.

The new AED299m (£81m) project is the third contract that Arabtec 鶹 has won at Akoya Oxygen, a 55-million-square-foot development that includes villas and apartments as well as amenities including an 18-hole championship golf course designed by Tiger Woods

鶹 of the villas will begin immediately and the plan is for them to be completed within 16 months.

Arabtec group chief executive officer Hamish Tyrwhitt said: “We are delighted that Damac continues to show confidence in Arabtec 鶹 through the award of our third project at the AKOYA Oxygen master development, further building on our longstanding relationship.”

Niall McLoughlin, senior vice president at Damac Properties, added: “Arabtec 鶹 shares our commitment to homebuyers and have a track-record of delivering quality build in a timely manner.”

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