Dubai’s Damac Properties awards contract for Zada project

  • Date: 11-Oct-2020
  • Source: Gulf Business
  • Sector:Real Estate
  • Country:UAE
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Dubai’s Damac Properties awards contract for Zada project

Dubai's real estate developer Damac Properties has awarded the contract to commence construction on the Zada project to Trans Emirates Contracting.

The Dhs181m contract entails the construction of Zada, a 26-storey building located in Dubai's Business Bay neighbourhood.

The Zada community units are priced at Dhs699,999 with a 4 per cent Dubai Land Department (DLD) waiver and four-year payment plan.

At the time of the launch, Niall McLoughlin, senior vice president, said: "We have a strong business model and infrastructure that enables Damac to grow, develop, and advance, despite any challenges we may face. The new contract with Trans Emirates Contracting confirms the extent of our focus on cooperating with only the best contractors to develop our projects while adhering to the highest quality standards, and our Zada project is a reaffirmation