Damac Group, under its property development arm Damac Properties, has awarded the main works contract worth AED 544 million ($148.2 million) to Aima Construction Company Private Limited for 120 villas at its recently announced Mandarin Oriental Bolidhuffaru Reef resort in the Maldives.
The 34-hectare luxury resort, scheduled to open in 2025, will be located in the Bolidhuffaru Reef in South Male Atoll.
This pristine tropical location is easily accessible through a 30-minute yacht ride from Male’s Velana international airport or other forms of water transportation.
Characterized by its white sand beaches and vibrant coral reefs, the upcoming resort will offer its guests a wealth of recreational activities, water sports, culinary experiences, wellness retreats and more.
Commenting on this, Mohammed Tahaineh, General Manager of Projects at Damac Properties, said: "We are fully confident in the capabilities of Aima Construction, whose track-record and enthusiasm for the project exceeded all our expectations during an extensive and highly competitive candidate vetting process."
"Damac Properties looks forward to seeing such a high-profile development project, the first of its kind for our group, come to fruition across the beautiful Maldives," he stated.
As per the deal, Aima Construction is set to deliver 120 stand-alone villas, 64 of which are overwater and 56 are beachfront villas.
These villas, which will be some of the market’s largest, will also come with private pools and picturesque ocean views.
Resort-goers will also get to choose from eight dining outlets, including three specialty restaurants and an exclusive venue featuring a pool bar. Furthermore, indoor and outdoor event will also be made available to guests for a wide range of uses, it added.-TradeArabia News Service