Damac Properties has issued a tender for construction of the second of six towers in its Aykon City development in Dubai.
The winning contractor will be need to build a tower with 49 residential floors, 10 podium levels, one floor dedicated to lifestyle and entertainment facilities, and three basements. The total built up area will be 157,935m².
Damac would not disclose the value of the contract, with a spokesperson stating: "Out of respect for the bidders during the review and selection process, this information must remain confidential, until a winner is announced."
Damac Properties expect to appoint a new construction partner for the Aykon City master development in May 2018, according to the company's senior vice president of commercial, Mohammed Tahaineh.
“Construction development at the Aykon City site is progressing rapidly, with piling work for this tower already completed, so we have moved to the tendering stage, which will see a new construction partner being appointed,” he said.
The six-tower Aykon City master development project on Sheikh Zayed Road is one of Damac Properties’ “most ambitious” construction projects, Tahaineh said. Launched in February 2016, the 372,000m² developments features residences, serviced apartments, a hotel, and office space overlooking the Dubai Canal.
Aykon City will also house a large community lifestyle complex, with a number of swimming pools, a spa, a beach club, cafés, restaurants, as well as public spaces for yoga and tai-chi. It will also have a residents-only lounge called The Club.
Damac’s issuing of a tender for construction of the second tower comes after China State Construction Engineering Corporation (CSCEC) landed a $163m (AED600m) deal to build one of the six towers.
Primary construction work here is expected to see more roughly 9,900 tonnes of steel and 94,000 metric cubes of concrete used on the project.