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Damac Win Contract USD 155 Million Paramount Tower Hotel and Residences Construction

Infra News - Published on Fri, 18 Oct 2019

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Dubai Financial Market-listed real estate developer Damac Properties chaired by Hussain Sajwani has topped out its 64-storey mixed-used development, Paramount Tower Hotel and Residences a construction contract worth USD 150 million for which was awarded to China State Construction Engineering Corporation Middle East in November 2016. Located on the city’s Sheikh Zayed Road and developed in collaboration with Paramount Hotels & Resorts, the tower’s external façade has been 80% complete.

In a statement Damac said that casting wok of the infinity pool has also been completed, with the building also set to feature Paramount Hotel, and luxury residences.

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Posted By : Rabi Wangkhem on Fri, 18 Oct 2019
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