Damac Properties conducts substantial sales at "The Heights"

"We are very pleased to announce that our first real estate venture in Jordan attracted a significant number of Jordanians along with customers from many different nationalities throughout the world to invest at "The Heights", said Peter Riddoch, CEO at DAMAC Properties.

"The Heights" is perceived today as one of the most exciting real estate residential undertakings within Amman's new downtown area", added Riddoch.

"Customers were very excited to buy into "The Heights" due to the potential for substantial price appreciation and rental returns" commented Riddoch.

DAMAC's project is a 32-storey tower located at the entrance of the Abdali master planned development. It encompasses studio, one, two and three bedroom apartments, and penthouses, including open-air balconies in every apartment. Its luxury amenities comprise quality marble and wooden floorings, smart home technology, ample parking space, 24 hours concierge and helpdesk services, an advanced cabling system for telephone and internet lines, as well as a standby power generator.

"The Heights exudes grace and style. It will undoubtedly provide every customer a lifestyle of utmost luxury with the five star amenities that we are offering and typically provide in all our developments" Riddoch reiterated.

"Our launch in Abdali stems from our belief in the extremely vibrant and dynamic master plan that is due to become a true hub for business and tourism for many nationalities throughout the region and beyond", Riddoch added.

Recently, the DAMAC Properties unveiled its exquisite project in Lebanon, "la Residence by Ivana Trump", a US $150 Million real estate venture in the world-renowned Beirut City Center. The property company also launched a $3.5 Billion exquisite mixed-use project within Trumpet Bay region located in the Tanggu District, Tianjin, People's Republic of china, as well as a $400 Million 14-building spectacular real estate venture within Lusail's Fox Hills community in Doha.

Last year, the property company was 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 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 $4 Billion. It is a subsidiary of the DAMAC Holding established in 1982. An accredited ISO 9002 company, DAMAC Holding has now grown into a global conglomerate with more than 6000 employees in 18 countries. Being the first private sector Company to make a commitment to Dubai's real estate market, DAMAC properties has become the market leader with a strong sales record to its credit.