Dubai delivery

Dubai property developer Damac Propertoies has announced that it intends to deliver 7,100 new properties in Dubai over the next two years, a senior company official has announced...

The firm said that it issued eight tenders last month for projects including Capital Bay, Executive Bay, The Corner, Park Central, Burjside Boulevard, Amber Residence, Lake side and Al Jawhara. Additional recently agreed tenders also include Commercial Square, Water's Edge and Harbour Heights.

Ziad El Chaar, general manager of Operations of Damac Properties, told the press: "The first half of the year we have made significant progress. We delivered over 2,300 units and we will continue to be aggressive on delivery. Continuing with the momentum of the year, in July we have issued eight new tenders. In the next two years our aim is to have delivered a total of 25 towers totaling to 7,100 [residential] units."

Damac Properties is also working on a number of other residential projects, and earlier this year, the company announced the completion of Lake View and Executive Heights and The Crescent projects.

Source: www.homesoverseas.co.uk/news