DAMAC to showcase properties at International Property Expo
August 1, 2008 by UAERush · Leave a Comment
DAMAC Properties, the Middle East’s largest private sector master developer and luxury lifestyle provider, will showcase its wide range of iconic properties spread across the Middle East at the New Delhi International Property Expo 2008 exhibition scheduled to be held between 2nd and 4th of August 08 at the Pragati Maidan.
International Property Expo 2008 will serve as a unique platform for the exhibitors to showcase their products with models of their projects, villas, and commercial properties. It will also serve as an ideal platform for developers and real estate agents to engage visitors about their range of properties suiting all budgets.
Commenting on DAMAC’s participation, Peter Riddoch, CEO of DAMAC Properties, said: “The Indian real estate market is expected to touch the $50bn mark by 2010 and is a very important market for DAMAC Properties. In view of the tremendous potential that the market holds, such expos provide an ideal platform for us to identify new opportunities and meet potential investors. DAMAC foresees a good investment portfolio in this region and we are participating in the show to exhibit our unique property offerings.”
He further added:
“This event promises to attract regional and international investors, property developers, leading architects and designers under one roof providing an excellent networking opportunity for DAMAC Properties. We exhibited our unique properties at several road shows this year and the response has been very promising.”
DAMAC has signed up 60 agents across India to market and sell their Dubai properties to Indian investors. These agents will guide potential customers about investing in Dubai; especially on DAMAC Properties projects - ‘Ocean Heights’, the 82-storey award-winning marvel in Dubai Marina, ‘Park Towers’ at DIFC , and other recently launched high end luxury living options.
Luxurious developments from DAMAC Properties include projects from various countries such as Egypt, Jordan, Saudi Arabia, Lebanon, Qatar and UAE and are spread across 670 million square feet. of luxury, with over 18,000 customers.
Damac Properties awards Dh805m contract to Intermass
July 26, 2008 by UAERush · Leave a Comment
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.
