DAMAC Properties awards contract worth over AED 600mln for DAMAC Lagoons project

Real estate
June 29, 2022
0
4 minutes read

An experienced contractor will begin works on initial townhouses
Costa Brava is the latest cluster to begin construction works in the master development
The cluster will be an “adrenaline hub” for residents seeking exhilarating experiences

Dubai, UAE, June 28, 2022: DAMAC Properties has announced that it has appointed the contractor Pivot to begin main works construction of the Costa Brava cluster in its new master development, DAMAC Lagoons.

The experienced contractor was recently awarded a contract worth AED 618 million to begin works on the first 976 townhouses. The cluster will also feature standalone villas.

“We have carefully chosen Pivot, an experienced contractor, to carry out the construction of our townhouses in the Costa Brava cluster. This is yet another step forward in constructing the overall vision of DAMAC Lagoons — a water-inspired community that aims to make vacation-living part of everyday life,” said Mohammed Tahaineh, General Manager of Projects at DAMAC Properties.

From inner peace to exhilarating adventures, the Costa Brava cluster brings residents to the “Wild Coast” of the Mediterranean Sea. This “Adrenaline Hub” captures the pulsating vibe of Catalonia with its ziplining, rock climbing, kayaking, paddle surfing, and wave riding features.

Located adjacent to the DAMAC Hills community, DAMAC Lagoons aims to transport residents into an enchanting paradise comprising 8 majestic cities inspired by countries based on the warm waters of the Mediterranean Sea. The clusters include: Venice, Morocco, Santorini, Costa Brava, Nice, Malta, Andalucia and Portofino.

Earlier this year, DAMAC awarded a construction contract worth over AED500 million to Shapoorji Pallonji Co Ltd for the main works at the Santorini cluster of DAMAC Lagoons.

DAMAC Lagoons is DAMAC’s third master development in Dubai comprising 45 million square feet of aesthetically designed villas and townhouses, and a wide array of entertainment and leisure amenities offering residents unique and enchanting experiences. The community is built around one million square feet of pristine lagoons with white sandy beaches.

The community, which was announced late last year, builds on the established success of the developer’s other successful communities. DAMAC continues to set the highest bar when it comes to community lifestyle options and amenities, which has spurred customer demand.

Following its launch last year, there has been massive interest and the townhouses and villas have nearly completely sold out.

“The latest announcement appointing Pivot to begin construction of Costa Brava marks a milestone in the overall vision of the community and demonstrates that the developer is pushing the project forward with an emphasis not only on efficient project progress, but also on top-notch quality,” Tahaineh concluded.