DAMAC Properties Advances in the Construction of DAMAC Bay 1 by Cavalli
DUBAI, UAE, 23 December 2024 – DAMAC Properties has announced significant updates on the construction of DAMAC Bay 1, the developer’s upscale Cavalli-branded development at Dubai Harbour. Foundation works are now underway, marking a crucial phase in the development, and two construction cranes have been erected, a signal of rapid progress. Launched in January 2023, the project is on schedule for completion in July 2027.
Recently, DAMAC Properties signed a main works contract for the project with China State Construction Engineering Corporation (CSCEC), valued in excess of AED 1.5 billion. CSCEC, a global leader in construction, is known for its precision and excellence in executing complex, large-scale projects, including airports and luxury resorts. Their involvement in DAMAC Bay 1 underscores the project’s ambition not only to deliver luxurious living spaces but also to meet the highest construction standards. CSCEC will handle constructing the three towers and podium that will define the development.
Mohammed Tahaineh, General Manager of Projects at DAMAC, stated: “DAMAC Bay 1 is an embodiment of luxury, design, and exceptional construction quality. With CSCEC, a global leader renowned for their expertise, we are creating a development that is both architecturally striking and of the highest standards. For buyers, this is not just a real estate opportunity; it is a chance to be part of a landmark project that will define the Dubai Harbour skyline.”
Project Highlights for Buyers
DAMAC Bay 1 is set to deliver an utterly unique lifestyle, featuring three interconnected towers with sky bridges, exclusive rooftop infinity pools, and breathtaking panoramic views of Dubai’s waterfront. Designed with the renown luxury brand Roberto Cavalli, the development will offer an elegant, sophisticated, and unparalleled cutting-edge living experience.
Its location in Dubai Harbour, with its proximity to the city’s key attractions and business districts, makes DAMAC Bay 1 a highly desirable investment opportunity. Whether as a primary residence or an investment, the project’s luxurious amenities, iconic design, and high-quality finishing promise to attract high-end buyers.
Construction Progress
Contractors are fully mobilised at the site, foundation works are in full swing, and two cranes have been erected presently. The involvement of China State Construction Engineering Corporation ensures that the project is being built to the highest standards of precision and excellence, further enhancing the long-term value of the development.
“With CSCEC on board and vertical construction progressing steadily, we are on track to meet our set construction targets. Investors can feel confident in the quality and timely delivery of DAMAC Bay 1, which is poised to be a jewel in Dubai’s luxury real estate market,” added Tahaineh.