Damac Properties has awarded a Dh618 million ($168m) contract for construction works on its Costa Brava housing cluster at Damac Lagoons.
The contractor, Pivot, will begin works on the first 976 townhouses at the water-inspired community.
The Costa Brava cluster will bring residents to the “Wild Coast” of the Mediterranean Sea, Damac said.
“This 'Adrenaline Hub' captures the pulsating vibe of Catalonia with its ziplining, rock-climbing, kayaking, paddle-surfing and wave-riding features,” it said.
The Lagoons project comprises eight clusters named Venice, Morocco, Santorini, Costa Brava, Nice, Malta, Andalucia and Portofino.
A construction contract worth more than Dh500m was awarded to Shapoorji Pallonji for the main works at the Santorini cluster earlier this year.
The Venice and Malta clusters were announced last month, with villas and townhouses set to be built around “extravagantly large pristine water lagoons with white sanded beaches”.
The Venice cluster will feature gondola rides, arching bridges over canals and waterside cafes while the Malta cluster will have learning-based amenities such as a Building Blocks pavilion, where children can construct their own giant houses, and a virtual reality park.
The overall Lagoons development, which was launched late last year, is expected to open in 2024.
Dubai's property market has been booming in the past year. The number of home sales transactions in Dubai in the first quarter was the highest recorded since 2010, according to a market report by real estate consultancy ValuStrat.
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Dubai property prices: where they are rising and falling — May 2022
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VILLA PRICES: Palm Jumeirah: Dh3,207 per square foot — up 5 per cent a month in May (they went up 5 per cent in April). -
Emirates Hills: Dh2,096 per square foot — up 1.8 per cent a month (up 1.8 per cent in April). Photo: Knight Frank -
Jumeirah: Dh2,046 per square foot — up 2.0 per cent a month (up 3.7 per cent in April). Sarah Dea / The National -
District One: Dh1,867 per square foot — up 2.3 per cent per cent a month (down 0.9 per cent in April). Satish Kumar / The National -
Mohammed bin Rashid City: Dh1,514 per square foot — up 0.1 per cent a month (up 0.7 per cent in April). -
Dubai Hills: Dh1,465 per square foot — up 1.2 per cent a month (up 1.5 per cent in April). Photo: Emaar Malls Management -
The Meadows: Dh1,462 per square foot — up 1.6 per cent a month (down 0.5 per cent). Jeffrey E Biteng / The National -
The Lakes: Dh1,438 per square foot — up 1.2 per cent a month (up 1.0 per cent in April). Pawan Singh / The National -
Jumeirah Islands: Dh1,468 per square foot — up 0.9 per cent a month (up 2.5 per cent). Photo: Prestige Dubai -
Jumeirah Golf Estates: Dh1,407 per square foot — up 3.6 per cent a month (up 4.6 per cent). Pawan Singh / The National -
The Springs and The Meadows: Dh1,166 per square foot — up 1.8 per cent a month (up 2.1 per cent in April). Photo: Better Homes -
Arabian Ranches: Dh1,204 per square foot — up 0.7 per cent a month (up 3.7 per cent in April). Pawan Singh / The National -
Meydan City: Dh1,167 per square foot — up 0.9 per cent a month (up 0.9 per cent in April). -
Al Barari: Dh1,137 per square foot — down 0.7 per cent a month (up 4.9 per cent in April). Photo: Luxhabitat -
Jumeirah Park: Dh1,100 per square foot — up 0.2 per cent a month (up 0.8 per cent in April). Pawan Singh / The National -
Victory Heights: Dh1,104 per square foot — up 3.7 per cent a month (down 2.2 per cent in April). Photo: Luxhabitat -
Mudon: Dh1,003 per square foot — down 0.5 per cent a month (up 2.7 per cent in April). Satish Kumar / The National -
Jumeirah Village Triangle: Dh957 per square foot — down 0.2 per cent a month (up 2.3 per cent in April). Pawan Singh / The National -
Sustainable City: Dh941 per square foot — down 0.8 per cent a month (up 0.6 per cent in April). Antonie Robertson / The National -
Town Square: Dh805 per square foot — down 1.0 per cent a month (up 1.4 per cent in April). Satish Kumar / The National -
Living Legends: Dh796 per square foot — up 1.2 per cent a month. Pawan Singh / The National -
Jumeirah Village Circle: Dh619 per square foot — up 0.8 per cent (up 1.3 per cent in April). Antonie Robertson / The National -
Falconcity of Wonders: Dh724 per square foot — down 2.5 per cent a month (up 1.6 per cent in April). Sarah Dea / The National -
Akoya Oxygen: Dh598 per square foot — up 1.0 per cent a month (up 1.3 per cent in April). Photo: Allsopp & Allsopp
