Darwish wins $326m contract for Damac Lagoons project in UAE

The DAMAC Lagoons community will be divided into various clusters.

October 13 2023

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).

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.

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.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

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.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close