The community is set to have the capacity to accommodate more than 39,400 people. Credit: DAMAC Properties.

Real estate builders and construction company Darwish Engineering Emirate has secured a contract from DAMAC Properties for the Damac Lagoons project in DAMAC Hills, Dubai, United Arab Emirates (UAE).

DAMAC Lagoons is the third master community of DAMAC Hills, and the estimated value of this contract is Dh1.2bn ($326m).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Stretching across 4.5 million square metres, this community will be divided into various clusters, each expressing the character of a prominent Mediterranean city.

The clusters include Venice, Morocco, Ibiza, Malta, Marbella, Mykonos, Santorini, Monte Carlo, Nice, and Portofino.

The project’s scope includes a major works package for the 275 villas in the Venice-based cluster.

The community will include approximately 9,000 villas with a total gross floor area of 2.3 million square metres.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It will also feature 176,650m² of water areas, which is said to be larger than 141 Olympic-sized swimming pools.

Upon completion, the community will have the capacity to accommodate more than 39,400 people.

Furthermore, DAMAC Lagoons will feature a clubhouse, green meadows, retail stores, a floating amphitheatre, kids’ play zones, crystal lagoons, a waterpark, an inland white beach, fitness facilities, a wave pool, and a water movie theatre.

So far, the master development has granted contracts totalling nearly Dh7bn.

The project is currently seeking Leadership in Energy and Environmental Design (LEED) Gold certification, with the goal of becoming one of the first master communities in the UAE to acquire the rating under the LEED Cities and Communities Rating System.