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"Doha is the next natural step for DAMAC Properties. We believe that, in the future, Qatar will certainly stand out in the region as a dynamic country and a hub for tourism from countries the world over",
said Peter Riddoch, CEO at DAMAC Properties
"We have faith in Qatar. The country's growth in the last few years serves as evidence of the government's strong commitment towards developing Qatar to stand out as an undisputed leader within the GCC," he added.
Riddoch reiterated: "Our launch marks our entrance into the Qatari real estate market. We have a long term plan and will be launching a number of other stunning projects in the future".
The Piazza encompasses 600 studio, one, two, and three bedroom apartments, including residences with lush green gardens on the ground floor. The projects amenities comprise a jogging track, state of the art gym and health club, a juice bar, outdoor swimming pool and children's pool, along with 24 hours maintenance and security.
Recently, DAMAC Properties launched two iconic projects within the Abu Dhabi. Dolphin Towers, a three-tower structure, including 400 one, two, and three bedroom luxury condominiums and 10 exclusive sea facing townhouses, will be located within the stunning Al Raha beach development. Oceanscape, an iconic mixed-use undertaking, including 184 one, two, and three bedroom apartments with state of the art finishing and 8 townhouses, is due to be positioned on the renowned Al Reem Island.
DAMAC is due to introduce soon exquisite projects outside the UAE, within the world acclaimed Beirut City Centre in Lebanon on the prime location of Omar Daouk and Fakhreddine streets, as well as in the new downtown area in Amman, Jordan. Press conferences to unveil those projects are planned to take place early in the summer.
DAMAC was recently honored with three prestigious Bentley International Awards 2005 in the categories of Best UAE Development for Marina Terrace, Best Architecture for Ocean Heights and Best Developer Website (www.damacproperties.com) at a ceremony in London on 4 November 2005.
The Bentley International Property Awards, now entering their 11th year, have been described as the 'Oscars' of the property industry. The aim of the awards is to distinguish the highest levels of achievement in a range of property-related fields. Categories cover a wide range of property and real estate related activities and services, including Development, Interior Design, Architecture, Property, Advertising, Marketing, and Estate Agency Services.
The total value of DAMAC Properties' projects is over USD 4 billion. It is a subsidiary of DAMAC Holding, an accredited ISO 9002 company that has grown into a global conglomerate with more than 5,000 employees in 16 countries. Being the first private developer to make a commitment to Dubai's real estate market, DAMAC properties has become a market leader with a strong sales record to its credit.
Posted by Anne-Birte Stensgaard, Senior News Editor
