DAMAC Properties announced on Sunday that the structure of Tower B of its AYKON City project in Dubai is complete.

The Dubai Financial Market-listed developer said in a press statement that the 246-metre tall, 53-storey tower will house 1,218 residential units when complete.

The statement said that around 90,000 cubic metres of concrete and around 11,000 metric tonnes of steel were used in the structure.

Last month, the Dubai-headquartered developer had awarded the main contract worth 181 million UAE dirhams ($49 million) for its Zada tower residential project in Business Bay.

The Tower B main contract worth 600 million dirhams ($163 million) was awarded to China State Construction Engineering Corporation in March 2018.

(Writing by Syed Ameen Kader; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020