Damac Properties signed a contract worth $139 million with the Chinese contractor CSCEC for construction of a multifunctional Aykon City project at the entrance to the Burj district along Dubai Canal. Read more for extra details on the project and apartment prices.
The contract implies accomplishing all construction works for Tower C, a residential tower in the luxurious Aykon City complex overlooking the Dubai Canal, and worth a total of $2 billion, a representative of DAMAC, one of the largest emirate developers, revealed. The contract with China State Construction Engineering Corporation (CSCEC) is worth AED512 million ($139 million).
In February, CSCEC already won a AED600 million contract for construction of a second, 63-storey Tower B in the Aykon City complex with 964 apartments and hotel rooms to deliver; thus the choice of this contractor for construction of the third (out of four) Tower was quite expected.
The Aykon City project, expected to become Dubai's new major dominant among other central skyscrapers, is located on Dubai's main transport highway Sheikh Zayed Road and marks the entry to the central Burj district. Residential Tower C, labeled with the appropriate name of The Residence will have an internal area of more 1.8 million square feet across 62 floors. It will house studio apartments, as well as one, two and three bedroom flats, and an exclusive recreation and entertainment space, The Club. The most searched and wanted by property buyers wo-bedrooms in Aykon City are offered for sale at a price of AED1, 300, 000 with a payment plan extended for 11 payments spread over 6 years and with a down payment of 10%.
IMEX Real Estate is an official representative of DAMAC Properties considered to be the largest and most reliable developer in Dubai today. The company's year-on-year revenues have increased by 11% to AED1.78 billion, despite some decline in the second quarter.
In addition to Aykon City, the developer offers luxury apartments in the DAMAC Towers by Paramount skyscraper in the same area, but with a guaranteed rental return of 24% and with 70% of the property’s value due to be paid during 21 months. Damac Golf Vita in DAMAC Hills is another hot offer from developer with high-end apartments overlooking the golf course and priced from AED549, 000, with a potential 10% return on investments. Contact IMEX Real Estate to learn more about other offers from DAMAC in different parts of Dubai, with competitive prices, discounts and incentives at place. Our contacts:
Tel.:+971(50)2528188 (Whatsapp , Viber, Telegram)
Toll Free: 800-IMEX (800-4639)
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