Real estate developer in the UAE – DAMAC Properties – has successfully awarded two significant contracts for its flagship master development – DAMAC Hills – to the Engineering Construction and Reconstruction Company.
The contracts, valued at a total of AED 588m, underscore DAMAC’s commitment to delivering exceptional quality and innovation in the real estate sector.
The first contract, valued at AED 34m, is for the main works of the Gems Estates cluster within DAMAC Hills. The second contract, worth AED 247m, is designated for the main works as part of Cavalli Villas, also located within the prestigious DAMAC Hills community.
DAMAC Properties has consistently demonstrated its dedication to creating sustainable communities that redefine modern living standards. The awarding of these contracts signifies another milestone in DAMAC’s mission to deliver luxurious and aspirational living experiences to its customers.
“We are delighted to announce the awarding of these two significant contracts for DAMAC Hills. These contracts underscore our unwavering commitment to delivering on our promises of excellence and luxury. We believe that Gems Estates Cluster and Cavalli Villas will set new standards in upscale living, offering our customers unparalleled value and quality.”
Mohammed Tahaineh, General Manager of Projects, DAMAC Properties
GEMS Estates is an ultra-luxurious collection of high-end mansions branded by Swiss jeweller de GRISOGONO, with home interiors branded by famed Italian fashion house Roberto Cavalli, making it the first co-branded real estate project in the world.
The contract includes the construction of a range of high-end villas and amenities that will elevate the lifestyle of residents to new heights. From lush green spaces to cutting-edge recreational facilities, Gems Estates cluster promises to be a haven for those seeking luxury, comfort and convenience.
Cavalli Villas is a unique addition to DAMAC Hills that is set to create a distinctive enclave of villas that blend modern aesthetics with timeless charm.
With the start of construction on Gems Estates Cluster and Cavalli Villas, DAMAC Properties is determined to continue its tradition of creating iconic developments that contribute to the growth of the region.
