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FINANCIAL NEWS
Damac awards contract for Oceanspace project
29 Jun 2010
(MENAFN) The General Manager of Damac Properties Dubai said that the company has awarded the main works contract for its Oceanscape development in Abu Dhabi, Gulf News reported.
The contract has been awarded to Al Shafar General Contracting and is the second project to be awarded to the company in Abu Dhabi following its successful tender for the construction of Marina Bay at Al Reem Island earlier this month.
Construction of the mixed use development which will feature residential, commercial and retails units is scheduled to take approximately two years.
Oceanscape will occupy a prime position on the water?s edge at Al Reem Island offering residents uninterrupted views of the sea. The development also includes exclusive sea-facing townhouses above the podium level and with retail space over three levels.
More News
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Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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