DAMAC Properties has awarded a $139.4mn construction contract to China State Construction Engineering Corporation (CSCEC) to build tower C of AYKON City, DAMAC’s luxury mixed-use development on Sheikh Zayed Road.
The new contract covers civil construction works for tower C, the residential tower in the award-winning $2bn development, overlooking the Dubai Water Canal.
AYKON City will feature a city-like infrastructure within Dubai. The mix-use development includes premium residential, hospitality and commercial units. AYKON City will also have seamless access to the 3.2km long waterway of the Dubai Water Canal, which runs all the way to the Arabian Gulf, from the Creek in Old Dubai.
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CSCEC will build Tower C, known as ‘The Residence’, which will boast a total built-up area of nearly 1.8 million sq.ft. It will feature studio, one, two and three-bedroom apartments, all with ‘premium interiors and exceptional finishing’. The tower will also be home to ‘The Club’, an exclusive residents-only lifestyle and entertainment space with spectacular views of the Dubai Water Canal and Safa Park.
The 62-floor tower is made up of two basement, a ground and ten podium levels, in addition to a dedicated lifestyle and entertainment level, 48 residential floors and a rooftop.
Ali Sajwani, General Manager of Operations at DAMAC Properties said: “CSCEC shares our commitment to quality, safety and timely delivery. After a thorough tendering process, we have chosen to expand CSCEC’s remit in the AYKON City project beyond AED1.1 billion, having awarded them the contract to build tower B earlier this year. We also look forward to seeing the towers of AYKON City complement Dubai’s distinctive skyline and one of the world’s greatest urban transformations, the Dubai Water Canal.”