Damac Properties, a leading luxury project developer in Dubai, said it has achieved a key milestone on its Aykon City Project, on the banks of the Dubai Canal on Sheikh Zayed Road, with the structure of Tower B fully completed.

 

Around 90,000 cu m of concrete went into the structure. Additionally, around 11,000 tonnes of steel were used, which is roughly half the weight of the Statue of Liberty, said the statement from Damac.

 

Once completed, the 53-storey tower will stand at 246-m high and house 1,218 units. The vast majority of the units will be studios and one-bedroom apartments. However, there will be 138 two-bedroom and 45 three-bedroom apartments, as well. 

 

With its prime location on Sheikh Zayed Road - just adjacent to the hustling downtown area where Burj Khalifa and Dubai Mall are located - Aykon City offers spectacular views of the city skyline as well as the Dubai Canal.

 

Damac said this achievement comes close on the heels of the awarding of a main works contract last month, worth AED181 million ($49.2 million), to begin construction of Zada tower, another Damac project in nearby Business Bay.

 

The Dubai developer views these milestones as positive progress, especially amid the challenges facing the real estate industry due to the effects of Covid-19 on the market and tourism industry.

 

"We are happy with the completion of the structure of Tower B in Aykon City and look forward to expediting the completion of our remaining inventory despite the challenges we may face," remarked Niall McLoughlin, Senior Vice President of Damac.

 

"Our progress is a reflection of our strong organisation, full of hard working and dedicated employees and a forward-thinking team of managers," he added.-TradeArabia News Service