In a recent press release, real estate giant DAMAC Properties announced winning contracts totaling $81.74 million for its DAMAC Hills 2 project. The main works package, valued at AED 300 million, includes significant contributions from key partners.
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Key Highlights:
- China Tiesiju Civil Engineering Group: Awarded the first contract worth over AED 210 million. This deal focuses on constructing 439 villas and townhouses in the Natura cluster.
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- Infra Nets Contracting LLC: Successfully raised AED 7 million for infrastructure development, including roads, at DAMAC Hills 2 Farmhouses, Verona, Natura, and Violet Clusters.
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Project Expansion: Mohammed Tahaineh, DAMAC’s General Manager of Projects, expressed excitement about the upcoming additions to the Farmhouses, Verona, Natura, and Violet clusters, anticipating growth with these new contracts.
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Significant Deals: These contracts are part of DAMAC Properties’ broader achievements, including a substantial AED 2.40 billion deal for DAMAC Lagoons in H1 2023 and AED 236 million for Camelia in DAMAC Hills 2.
DAMAC Properties continues to make strides in real estate development, ensuring a bright future for its projects. Stay tuned for more updates on this dynamic venture! #DAMACProperties #RealEstate #Development #DAMACHills2 #Contracts #Infrastructure 🏗🏡✨