Damac Properties (Damac) has announced that it has awarded 15 major construction and consultancy contracts valued at AED1.26bn between August and November, bringing the total value of contracts awarded YTD to AED6.51bn. The latest awarded contracts were related to golf communities Akoya by Damac and Akoya Oxygen, in addition to multi-tower projects Aykon City and Damac Towers by Paramount Hotels & Resorts. At Akoya by Damac, the contracts cover the main works for construction of villas and apartments in several clusters of the masterplan community. At Akoya Oxygen, the contracts awarded cover main works for construction of villas in addition to roads and infrastructure works. Damac plans to handover 1,350 villas and apartments at Akoya by Damac in 4Q16. (Arabian Business)   DAMAC (DU): AED2.40 as of 13 Dec, Rating: Neutral, TP: AED2.30/share, MCap: USD3,956mn, DAMAC UH / DAMAC.DU