DAMAC Properties announced the award of a contract worth 181 million dirhams for Trans Emirates Contracting; To start major construction works for the Zada Tower, a 26-storey tower project in Dubai's Business Bay area.
DAMAC said in a statement to the Dubai Financial Market, today, Sunday, that this contract reflects the flexibility and ability of the company to face the challenges that the real estate market is going through in the wake of the outbreak of an epidemic crisis. The new Corona (Covid 19), which affected the real estate sector, which is one of the pillars of Dubai's economy.
said Neil McLoughlin, Senior Vice President at DAMAC: The new contract with Trans Emirates Contracting confirms our focus on cooperating with the best contractors to develop our projects according to the highest quality standards. .
McLoughlin added: The Dubai real estate market is showing great speed in recovering from the crisis and developing in light of the increasing demand for luxury housing units, and this is what the Zada project offers to our customers, as It combines an ideal combination of advantages, the most important of which are the prime location and the provision of all amenities.
