Damac awards US $326.7mn contract for construction of villas in Damac Lagoons ...United Arab Emirates

Developer Damac Properties has awarded a US $326.7mn contract to Darwish Engineering Emirates for the main works package for 275 villas in the Venice cluster in its Damac Lagoons community. The developer says that it has so far awarded contracts totalling $1.90bn for the master development. The developer said that $272mn worth of contracts have been awarded for infrastructure, in addition to over $1.52bn in contracts for villa construction. In the first half of this year, Damac awarded contracts worth $653mn which the developer says is a testament to the project’s steady construction momentum. “We are immensely proud and delighted to see the progress our third and most exclusive master devel

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