DAMAC Properties launches mega promotion during Arabian Travel Market 2005

Any customer who purchases an apartment at DAMAC's "The Crescent" development from 3rd May to 6th May 2005 will be entitled to a credit towards the purchase of a studio apartment or the purchase of 1 or 2 bedroom apartments.

This unique offer is valid at all DAMAC Properties Sales Offices. Customers who purchase an apartment within the Crescent and pay the deposit and 1st installment within the stipulated period will qualify to DAMAC's special promotion.

This year DAMAC participates in the Arabian Travel Market Exhibition for the third time and launches its most lucrative ATM promotion yet.

"DAMAC is proud to take part in the Arabian Travel Market exhibition for the third year in a row. ATM offers a great opportunity for visitors and exhibitors alike, which is the reason why we are offering a unique promotion to mark the start of ATM 2005. Our aim is to support the Government's vision of promoting Dubai as the undisputed regional hub for business and leisure", said Peter Riddoch, CEO, DAMAC Properties.

The Crescent, located off the Emirates Road, will house luxury residential and leisure facilities consisting of three residential towers, and featuring 704 waterfront apartments. The Crescent will offer studio, one and two bedroom apartments with spectacular lake views, and includes a number of retail shops and restaurants. Amenities at the Crescent encompass ample parking space for residents, as well as a swimming pool, tennis court, gymnasium, 24-hour security and maintenance.

Designed to suit many different discerning tastes, each apartment at The Crescent will be built according to the highest specification and design using the best materials. DAMAC has worked closely with leading New York-based design firm, BM Design Group, to ensure that each apartment offers every modern amenity in a chic and homely setting.

The total value of DAMAC Properties' projects is over Dhs 6 billion. It is a subsidiary of DAMAC Holding established in 1982. An accredited ISO 9002 company, DAMAC Holding has now grown into a global conglomerate with more than 5000 employees in 16 countries. Being the first private sector company to make a commitment to the real estate market, DAMAC Properties has become the market leader with a strong sales record to its credit.