Damac Properties, a leading property developer in the UAE, is to invite tenders for the construction of the Dh1.5 billion ($408.4 million) 82-storey Ocean Heights tower at Dubai Marina, a top official said.

The company, which announced seven new projects this year, will launch three new towers which will be announced later this year, taking the number of projects to 23. The value of Damac's 20 towers housing 5,000 units is more than Dh8 billion.
Hussain Sajwani, chairman of Damac Holding, developer of the project said: “We are currently finalising the pre-qualifications of main contractors. We will issue tender documents in a few months to the selected contractors for bidding for the projects.”
Ocean Heights will have 672 apartments consisting of one, two and three-bedroom units with prices starting from Dh1.1 million. It will offer spectacular views of the Arabian Gulf and Palm Jumeirah and will be close to the beachfront, hotels, shopping malls, beach clubs, golf courses and other leisure facilities.
Designed by Aedas, Ocean Heights will have a contemporary style that suits the current trends of cosmopolitan Dubai residents. It will provide customers with 24-hour security, a dedicated concierge desk, professional housekeeping services and 700 parking spaces. Damac Properties has awarded a contract to construct its Lake View apartments to Abu Dhabi-based Al Hamed Contracting.