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DAMAC Aims To Start Akoya Oxygen Handovers This Year

DAMAC Properties has now spent around AED 5.6 billion on the Akoya Oxygen project and aims to start handovers by the end of the year.

The news came as the UAE-based developer awarded an AED 72 million contract for road and infrastructure work on the project to China State Construction Engineering Corporation (CSCEC).

“We are pleased to further strengthen our relationship with CSCEC, as we accelerate development in almost every part of our largest master community, which will start to welcome its first residents at the end of 2018,” said Ali Sajwani, General Manager of Operations at DAMAC Properties.

“This latest contract award to CSCEC will see major road and infrastructure work being carried out at three clusters within Akoya Oxygen, providing access and services to support 1,623 villas.”

Akoya Oxygen is located off the Umm Suqeim Road and is designed to be a family-friendly community with landscaping and water features. Damac says homes are being built with energy-efficient materials and will be equipped with smart controls and systems.