Damac Awards USD 5.7 Million Contract For Ocean Heights Piling Works

Dubai’s largest private sector developer and luxury lifestyle provider, DAMAC Properties, has awarded a USD 5.7 Million contract to Abu Dhabi based APCC, a leading piling company in the UAE, to conduct piling works on the 82-storey Ocean Heights development located within the upscale Dubai Marina. The piling will reach a depth of 50 meters, one of the deepest ever in the UAE.

"After conducting a public tender over a three month period, we appointed the most qualified piling contractor to execute piling works. APCC has a proven track record within the emirates and we are confident that the company will deliver a job that is in line with its excellent reputation," said Peter Riddoch, CEO of DAMAC Properties.

"Through piling, the foundation is laid to deliver an end product that is extremely solid, while sustaining any potential hazard," Riddoch added.

Piling works are due to take place over a 3-month period, after which DAMAC will appoint a main contractor to execute the construction of the luxurious residential development that is due to be delivered in 2008.

"We are confident that Ocean Heights will turn out to be a fantastic development with a solid foundation, state of the art finishings and world class amenities," Riddoch concluded.

Oceans Heights is an 82-storey residential tower located at the beginning of Dubai Marina and directly overlooks the Palm Jumeirah. The estimated value of the building is USD 411 Million and will contain 600 plus luxury 1, 2 and 3 bedroom apartments. Ocean Heights will provide customers with 24-hour security, a dedicated concierge desk, professional housekeeping services and 700 parking spaces. It was designed by award-winning architectural firm Aedas.

The total value of DAMAC Properties' projects is over USD 2.8 billion. It is a subsidiary of the Damac Group established in 1982. The company was recently honored with three prestigious Bentley International Awards 2005 in the categories of Best UAE Development for Marina Terrace, Best Architecture for Ocean Heights and Best Developer Website (www.damacproperties.com) at a ceremony in London on 4 November 2005.

DAMAC Properties was the first to introduce residential projects on every master planned development introduced by the Dubai Government, including the Palm Islands in Jumeirah and Jebel Ali, Dubai Marina, Dubai International Financial Centre (DIFC), Jumeirah Lake Towers, Discovery Gardens, and the International Media Production Zone.

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