This Monday DAMAC, a real estate development company based in Dubai, issued a public statement calling for the tenders for the construction of a second tower at its ambitious AYKON city. AYKON city is situated on Sheikh Zayed Road facing the beautiful Dubai canal.
The tower needs to be built in a total area of 1.7 million square foot and it involves the construction of ground level, three basements and ten podium levels. The project also includes 49 residential floors, rooftop and an exclusive entertainment and lifestyle floor.
Previously the construction for first tower at AYKON was awarded to China State Construction Engineering Company (CSCEC) for nearly AED 600 million. During the press release Mohammad Tahaineh, Senior Vice-president of DAMAC, had stated that “Construction development at AYKON City site is progressing rapidly and we are looking forward to have a new construction partner for our second tower by May 2018”
About AYKON City
CEO of DAMAC, Hussain Sajwani, launched the company’s iconic project AYKON city in February 2016. The total cost of the project is estimated to be around Dh7.4 Billon and is set to be completed by 2021. The project consists of 6 luxury towers dedicated to the construction of Aykon Hotel, Aykon Maison, Luxury residential towers, several swimming pools, beach clubs, spa, cafes, tai-chi, yoga and restaurants. According to the owner of DAMAC “Aykon city will soon join other iconic developments in the city’s business district such as Burj Khalifa, Emirate Towers ”
About CEO Of DAMAC – Hussain Sajwani
Hussain Sajwani is the founder and current CEO of DAMAC property development company. DAMAC mainly undertakes the construction of luxury buildings in the UAE. As of today the company constructed nearly 19,000 apartments. In 2017 Forbes Global 2000 list DAMAC topped the table.
Sajwani holds Industrial Engineering and Economics degrees from the University of Washington. He began his work in the industry with Abu Dhabi Gas Industries back in the 80’s and later he established a catering venture in 1983. In 2017 CEO Middle East awards, he received the title CEO of the year.