13/03/2018 05:31 AST

Dubai-based Damac Properties has issued a new tender for main works for a second tower at its six-tower luxury master development, Aykon City, on Sheikh Zayed Road overlooking Dubai Canal.

The tender will cover the construction of the tower, which includes: three basements, ground floor and 10 podium levels, a dedicated lifestyle and entertainment level, 49 residential floors and a rooftop. The total built-up area will be 1.7 million sq ft.

“Construction development at Aykon City site is progressing rapidly with piling work for this tower already completed, so we have moved to the tendering stage which will see a new construction partner being appointed as early as May 2018,” said Mohammed Tahaineh, senior vice president – commercial, Damac Properties.

This tender follows Damac's Dh600-million ($163.36 million) contract to China State Construction Engineering Corporation (CSCEC) in February for the construction of one of the towers at Aykon City.


Trade Arabia

Damac issues enabling works tender for its Vera Residences

20/03/2018

Damac Properties has issued a new tender for enabling works on its Vera Residences, a luxurious 30-storey tower in the heart of Business Bay, with elegantly appointed interiors, world-class amenities

The Gulf Today

Damac awards Dhs424m construction contract

08/03/2018

Damac Properties has awarded another construction contract worth Dhs424 million to Arabtec to build additional villas in AKOYA Oxygen. EFECO (Emirates Falcon Electromechanical Co.), a subsidiary of A

The Gulf Today

Damac awards Dubai luxury tower construction deal

28/02/2018

Leading luxury property developer Damac Properties has awarded a Dh600 million ($163.3 million) contract to China State Construction Engineering Corporation for the construction of one of the towers

Trade Arabia

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683
STC 83.41 257,644
DARALARKAN 13.47 74,648,349
DAMAC Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
EMAAR 5.61 -0.03 (-0.54%)
EMAARMALLS 2.16 0.00 (0.00%)
EMAARDEV 5.33 0.03 (0.56%)
UPP 0.88 -0.01 (-1.13%)
ARTC 2.23 0.00 (0.00%)
SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News