Damac Properties awards Dh805m contract to Intermass

Luxury lifestyle provider, Damac Properties, has awarded an Dhs805m contract to M/s Intermass Engineering and Contracting Co. LLC., for its Lakeside project at International Media production Zone (IMPZ). The project will be completed by December 2010.

Intermass is one of the most renowned contractors in the UAE and they have been associated with several landmarks in the country. Lakeside project is the Damac Properties third project in IMPZ- the previous two projects being the Crescent and Lago Vista in IMPZ. All the three projects are being built by Intermass.

“Intermass are one of the leaders in the engineering and construction industry in the UAE today and their appointment as main contractors is due to our faith in the quality of their work and our past experience with them. We have no doubt that they will deliver a product that offers state-of-the-art luxury and comfort to the residents at Lakeside”

said Peter Riddoch, CEO at Damac Properties.

Situated on the Emirates Road, the IMPZ is in close proximity to the Jebel Ali Port and the Jebel Ali Airport City, a unique free zone incorporating a vast array of residential, industrial, commercial and community service projects.

The projects prestigious location - IMPZ - extends a sophisticated lifestyle with unique facilities including in-campus transportation, medical centre, schools, hotels, shopping centres, restaurants, amphitheatre, sports grounds and full-fledged fitness clubs.

We are delighted to commence construction of yet another masterpiece for the discerning community in the Middle East and worldwide. A beautiful residential project, Lakeside at the IMPZ is a strategic development offering everything that one seeks - from state-of-the-art facilities to eco-friendly environment, added Mr. Riddoch.

A complex of two 21-storey and two 22-storey towers, Lakeside will have studio and one-bedroom apartments with state-of-the-art accessories, thoughtfully planned space and utilities and elegantly designed interiors.

In his comments on the project, Peter Riddoch, CEO at Damac Properties, said: Set amidst beautiful lawns, fountains and gardens, Lakeside extends a pioneering, premier residential complex within the heart of IMPZ, a unique free zone in Dubai. Overall, the project extends a distinctive lifestyle expression that offers unparalleled opportunities.

The project will also offer the perfect choice of amenities such as health clubs for men and women, steam and sauna facilities, gymnasium, aerobic centre, swimming pools, childrens play area, barbecue area, function room, tennis court and access to golf courses.

Lakeside is designed by industry renowned consultants - ARKonsult.

The projects prestigious location - IMPZ - extends a sophisticated lifestyle with unique facilities including in-campus transportation, medical centre, schools, hotels, shopping centres, restaurants, amphitheatre, sports grounds and full-fledged fitness clubs.

Damac has announced plans to deliver over 2300 units in 2008, followed by an additional 7100 units in 2009/10.

In 2008, Damac will also deliver 527 units in Lake View located at Jumeirah Lake Towers, 192 units in Executive Heights project at TECOM, 198 units in Tera Del Sol 1&2 and 848 units of The Crescent, located at IMPZ. In 2009/10, they will deliver a further 7100 units.

Ameinfo