DAMAC's La Residence wins 'Best High Rise Development' at CNBC Arabian Property Awards '07 |
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Wins 'Best Website' award for the second consecutive year
Dubai, UAE, October 24th, 2007: Luxury lifestyle provider and the region's leading private sector master developer, DAMAC PropertiesDAMAC Properties
, won two prestigious awards at the CNBC Arabian Property Awards 2007. The top property developer received the 'Best High Rise Development' award for 'La Residence at the Lotus' and the 'Best Website' award for the company's revamped website - www.damacproperties.com.
DAMAC's La Residence at the Lotus is also nominated for the International Property Awards that will be taking place in Las Vegas at the Bellagio Hotel on 16th November 2007.
DAMAC PropertiesDAMAC Properties received the honours at a gala ceremony held at Joharah Ballroom at Madinat Jumeirah Hotel in Dubai, in the presence of leading property developers and representatives from real estate sector across the GCC. The company received the Best Website award for the second consecutive year.
The CNBC Arabian Property Awards aims to distinguish and position a property provider with the highest levels of achievement in a range of property related fields. A total of 16 awards were presented at the ceremony, including Best Developer, Best Real Estate Agency, Best Property, Best Golf Development, Best Architecture, Best Interior Designer, Best Property Portal and Best Apartment.
Commenting on the win, Hussain Sajwani, Chairman of DAMAC Holding, said: "We have achieved exponential growth over the years -- from a small company in UAE, we have over 79 world class towers under development with over 110 nationalities investing in our exclusive properties across the globe. Emerging as winners of two important categories of the Arabian Property Awards gives us the impetus and clearly identifies us as a cut above the rest. With the numbers of property developers spread across the region, awards of this kind stand testimony to our firm adherence in providing exclusive properties and creating a professionally designed and customer friendly website."
La Residence at the Lotus is a spectacular 58-storeyed development located at Business Bay-often referred to as the Manhattan of the Middle East. The architectural design of the property is inspired by the petals of the Lotus flower. La Residence has 1, 2 and 3 bedroom apartments, with each master bedroom having a private spa-bath, thoughtfully planned space and utilities, tastefully chosen furniture and joinery and elegantly designed interiors.
Peter Riddoch, CEO, DAMAC PropertiesDAMAC Properties, said: "La Residence is a unique development and the response to the project was phenomenal. We sold 75% of the property in less than two months. On the other hand, we recently revamped our website to meet the needs of our globally spread customer base and potential buyers and an award for best website undoubtedly reiterates our efforts in meeting our customer needs."
DAMAC PropertiesDAMAC Properties' new and easy-to-navigate website has newly added features like online registration, continuous construction updates and addition of a new language - Russian.
DAMAC PropertiesDAMAC Properties are pursing projects in the UAE, the Kingdom of Saudi Arabia, Egypt, Qatar, Jordan, and Lebanon with future schemes being considered in Turkey, Oman, Morocco, Tunisia, India and Pakistan. These projects represent significant progress in the company's plans for targeted growth over the coming years.
Further information is available at www.damacproperties.com
-Ends-
Additional information for the editor:
ABOUT DAMAC PROPERTIES:
DAMAC PropertiesDAMAC Properties is part of DAMAC Holding. The company was established in 2003 and has grown into one of the most successful residential, leisure and commercial developers in Dubai and the Middle East, and is expanding rapidly into North Africa, Jordan, Lebanon, Qatar and the Far East. The company's portfolio includes properties spread across 420 million square feet and is worth over AED15 billion. By partnering with world renowned architects and designers, DAMAC PropertiesDAMAC Properties aims to develop schemes that include residential, commercial and leisure facilities that will create an integrated community. The company's schemes are located in the most desirable and exclusive locations and the homes are built to a high quality specification that has become synonymous with the group. Driven by a passion for excellence, DAMAC PropertiesDAMAC Properties manage all their projects from start to finish. The company's diverse range of expertise allows them to control their land purchase activity, appointment of architects and designers, construction and sales and after sales service. In addition to support services provided by their Dubai headquarters, the company's comprehensive Customer Care Program provides solutions through its vast regional network with offices in the UK (London, Manchester and Glasgow), UAE, Iran, Russia, Jordan, Lebanon, Egypt, KSA and Qatar. DAMAC Holding has grown over the years from a specialist catering company established in 1982, into a multi-billion dollar corporation to become one of the largest organizations in the Middle East. For further information, please refer to www.damacgroup.com and www.damacproperties.com.
Media contact:
Niall McLoughlin,
Senior Vice President
Corporate Communications,
DAMAC
Tel: +971 4 3322005 Ex 336
Fax: 00 9714 3311028
Mobile +971 50 6251329
emaiI: niall.mcloughlin@damacgroup.com
Prem A. Ramachandran,
DAMAC PropertiesDAMAC Properties,
Tel: 00 9714 3322005
Fax: 00 9714 3311028
Email:prem@damacgroup.com
Agency Contact:
Ashutosh Gupta,
BPG Public Relations,
M: +97150 2834339
ashutosh@batespangulf.com
© Press Release 2007
from Bates PanGulf Group
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In the time DAMAC won this award, they sent letters to buyers that the project will be on hold at least for two years! [Report Abuse | Email to a Friend | Reply to this Comment]