DAMAC Properties awards AED 1 billion contract for â€œDAMAC Towers by Paramount
DAMAC Properties has awarded an AED 1 billion contract to TAV Tepe Akfen Investment construction & operations – Dubai Branch. This is the main construction contract on its newly launched project “DAMAC Towers by Paramount”, a luxury hotel and serviced residences in the Burj Area of Dubai. The duration of the contract with TAV is 33 months. It is the largest single contract DAMAC Properties has awarded.