Damac Towers by Paramount nearing completion
Damac Properties, a leading luxury property developer, said its four-tower master development Damac Towers by Paramount, is nearing completion, after logging a record 25 million safe worker hours, eight times more than the industry average of 3 million hours.
The record marks almost 2,000 days of incident-free work, a testament to the importance that Damac and its partners place on worker safety, it stated.
Located in Dubai’s prestigious Burj area and developed in collaboration with Paramount Hotels & Resorts, the multi-award winning complex stretches 250 m high and offers exclusive access to beautiful landscaping and pool areas on the podium level, numerous health facilities, on-site parking and a variety of high-end dining establishments.
With over 2,000 units, the project comprises hotel apartments across three towers and a single hotel tower with over 800 hotel rooms operated by Paramount Hotels & Resorts, said the developer in a statement.
The development will have a total built-up area of 4 million sq ft, and an estimated sales value of $1.35 billion, it added.
“Zero incidents is our most important performance benchmark, with worker safety being a critical factor in the decision making processes when selecting our construction partners,” said
Ali Sajwani, the general manager of operations at Damac Properties, said: “Damac Towers by Paramount is a four-tower master development that demanded considerable effort and care during its construction. As we work to finalise the remaining elements to bring the project to completion in the coming months, we are happy that we have set a new safety record with our partners at the site.”
“Damac Towers by Paramount is poised to become an iconic, multi-tower development that instills the essence of Hollywood with Damac’s luxury, living proposition, and offering unparalleled, premium living spaces for the most discerning residents,” he added.
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