DAMAC'S first two out of four projects in Jordan completely sold out

'The Heights' is a 35-storey tower, and 'The Lofts' is an 8-storey residential development adjacent to the tower. 'The Heights' was sold out in two months and 'The Loft' project in less than a month.

"We are very pleased to have completely sold two out of our four projects in Jordan. These projects are true masterpieces as they exude grace and style and will stand out as one of the most luxurious and elegantly designed projects within Abdali, Amman's vibrant new downtown area. Our highly ambitious plan for Jordan includes a number of real estate ventures that we plan to unveil within the near future,"

said Peter Riddoch, CEO at DAMAC Properties.

'The Heights' from DAMAC is a 35-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.

"Our presence 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," commented Riddoch.

'The Lofts' offers customers a number of highly luxurious studios, one bedroom and penthouse apartments. At The Lofts, residents will experience unique homes featuring high ceilings and wide open spaces that exude an elegant style and sense of freedom. Customers will enjoy a luxury lifestyle that is unrivaled within the Jordanian capital while having access to all the amenities offered at "The Heights", namely, a state of the art swimming pool and gym, sauna and steam room, aerobics hall, as well as concierge service, ample parking space and 24 hours maintenance and security.

DAMAC Properties was launched 10 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 launched 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 the DAMAC Holding established in 1982.

The property company recently unveiled an exquisite project in Lebanon, "La Residence by Ivana Trump," a US$150 Million real estate venture in the world-renowned Beirut City Center. The 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 (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.

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.