DAMAC awards AED 170 million main contract to TARGET Engineering and Contracting Co

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DAMAC is the first private developer to launch residential and commercial projects on key master planned development introduced by the Dubai Government, namely, the Palm Islands in Jumeirah and Jebel Ali, Dubai Marina, Dubai International Financial Centre (DIFC), Jumeirah Lake Towers, Discovery Gardens, and the International Media Production Zone, and Jumeirah Village South.

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 (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 AED 15 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.