DAMAC Properties has tendered a contract to build the second tower at AYKON City, the developer's six-tower master development near Dubai Water Canal.
In February, the developer awarded a AED 600mn ($163.4mn) contract to China State Construction Engineering Corporation (CSCEC) to construct the first of six towers at AYKON City.
The second tower will have a built up area of 1.7 sq ft including three basements, a ground floor and 10 podium levels, 49 residential floors, an entertainment level and a rooftop.
“Construction development at AYKON City site is progressing rapidly with piling work for this tower already completed. We have moved to the tendering stage which will see a new construction partner being appointed as early as May 2018,” said Mohammed Tahaineh, senior vice president – Commercial, DAMAC Properties.