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Sunday, November 29 - 2009

DAMAC Abu Dhabi celebrates its first anniversary

  • United Arab Emirates: Saturday, January 13 - 2007 at 14:50
  • PRESS RELEASE

Luxury lifestyle provider and the region's leading private sector developer, DAMAC Properties, recently celebrated its first anniversary in Abu Dhabi.

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  • Seen here are: Mr. Peter Riddoch, CEO DAMAC Properties (5th from right) along with the company's team in Abu Dhabi.
    Seen here are: Mr. Peter Riddoch, CEO DAMAC Properties (5th from right) along with the company's team in Abu Dhabi.
DAMAC's Abu Dhabi Sales center has successfully launched the Oceanscape project in Al Reem Island and manages the company's client's in the capital city of UAE. DAMAC's Abu Dhabi office employees over 22 people.

Oceanscape project, managed by DAMAC's Abu Dhabi office, will be located at the renowned Al Reem Island. The project provides the ultimate in luxury lifestyle and its sea facing location and ultra modern design will make it the most sought after address in Abu Dhabi. The development is an iconic mixed-use undertaking, including 184 one, two, and three bedroom apartments with state-of-the-art luxury finishing and 8 townhouses. Oceanscape won the CNBC Arabian Property Award last year based on its location, appearance and finish, safety and innovation and the marketing campaigns that were undertaken to launch the project.

"It was great year for our team in Abu Dhabi and we aim to go higher in 2007. We launched DAMAC Properties 4 years ago, and today, the property company has grown tremendously to become Middle East's leading prominent private sector developer. Abu Dhabi is one of our key markets and we are looking forward to our upcoming project in the Al Reem Island.," said Mr. Peter Riddoch, CEO, DAMAC Properties.

In Addition to Oceanscape the company also won two more prestigious awards at the CNBC Arabian Property Awards 2006 - best architecture award for 'Ocean Heights 2' and the best website award for the company's website - www.damacproperties.com. In December 2006, the company also won the IREF ME award for the best residential development in the UAE.

In 2005, the company was also honored with three prestigious Bentley International Awards in the categories of - Best UAE Development for Marina Terrace, Best Architecture for Ocean Heights-1 and Best Developer website at a ceremony in London.

DAMAC Properties was launched 4 years ago. In line with the government's introduction of freehold ownership, DAMAC was the first to introduce iconic properties on all the freehold master planned development launched by the Dubai and Abu Dhabi governments. Throughout the spectrum of 52 buildings announced to date, DAMAC Properties provides a luxury lifestyle that is second to none. The total value of DAMAC Properties' projects is over US$4 Billion. It is a subsidiary of DAMAC Holding - established in 1982.
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Notes and media contacts

ABOUT DAMAC PROPERTIES:
DAMAC Properties is part of DAMAC Holding. The company was established in 1996 and has grown into one of the most successful residential, leisure and commercial developers in Dubai and the Middle East, and is expanding rapidly into North Africa, Jordan, Lebanon, Qatar and the Far East. The company's portfolio of 52 towers is worth over AED15 billion. By partnering with world renowned architects and designers, DAMAC Properties aims to develop schemes that include residential, commercial and leisure facilities that will create an integrated community. The company's schemes are located in the most desirable and exclusive locations and the homes are built to a high quality specification that has become synonymous with the group. Driven by a passion for excellence, DAMAC Properties manage all their projects from start to finish. The company's diverse range of expertise allows them to control their land purchase activity, appointment of architects and designers, construction and sales and after sales service. In addition to support services provided by their Dubai headquarters, the company's comprehensive Customer Care Program provides solutions through its vast regional network with offices in the UK (London, Manchester and Glasgow), UAE, Iran, Russia, Jordan, Lebanon and Qatar. DAMAC Holding has grown over the years from a specialist catering company established in 1982, into a multi-billion dollar corporation to become one of the largest organizations in the Middle East.

Media contact:
Prem A. Ramachandran, DAMAC Properties,
Tel: 00 9714 3322005
Fax: 00 9714 3311028

Agency Contact:
Ashutosh Gupta, PanGulf PR

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