Page 43 - Magazine November 2023

Darwish Engineering Emirates won

AED 1.2 billion contract for 275 villas in

Lagoons master community.

The contract consists of the main works package of 275 villas in the Venice cluster of its
highly anticipated third master community, DAMAC Lagoons.

Thus far, the development has awarded close to AED 7 billion for the master development.
More than AED 1 billion worth of contracts to date for infrastructure, and over AED 5.6
billion worth of contracts have been awarded to date for villa construction. In the first half
of this year alone, DAMAC secured contracts worth AED 2.4 billion, a testament to the
project’s steady construction momentum.

Mohammed Tahaineh, General Manager of Projects at DAMAC, said: “We are immensely
proud and delighted to see the progress our third and most exclusive master development
is making. Since we launched the project in 2021, we have made significant progress,
with an impressive 20% construction well underway for 6,459 villas spread across 13
clusters. We will continue to keep pace with this progress and ensure timely delivery.”
Additionally, 1,432 villas (across 2 clusters) are in the final stages of appointing the main
contractor, while 1,025 villas (across 2 clusters) are in the final stages of design. More
than 2,600 villas have already reached the ground floor or above.

The project employs a daily workforce of more than 14,000 individuals, supported by
over 100 excavators and more than 850 vehicles entering the site daily.

20 Construction Contracts