| 15 May 2008 |
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Sama Dubai's 'The Lagoons' Development Bags Two Awards at Cityscape Abu Dhabi
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Dubai Creek-Side Development Honoured as 'Best Mixed-Use Development Project' in Recognition for Excellence
Dubai-UAE: 15 May, 2008 - 'The Lagoons', a freehold, mixed-use project being developed in the heart of Dubai by Sama DubaiSama Dubai
, the international real estate investment and development arm of Dubai Holding, won awards in two categories - 'Best Mixed-Use Development' and 'Best Corporate Social Responsibility' - at Cityscape Abu Dhabi.Designed to celebrate excellence in real estate development and investment in the Middle East, Cityscape Abu Dhabi Real Estate Awards were presented at a gala ceremony at the Emirates Palace Hotel in Abu Dhabi. Industry professionals and senior executives from the real estate industry, as well as several high profile guests from the region, were present at the ceremony to honour their peers for outstanding achievements.
Winners were chosen by a panel comprising the most acclaimed international industry experts. Entries were sorted into seven key areas, creating a total of 12 distinct categories. The Lagoons was awarded 'Best Mixed-Use Development' for its unique concept, components, overall planning and vision. The second award was in the 'Best Corporate Social Responsibility' category for The Lagoons' vigorous efforts to preserve and enhance wildlife in its surrounding area and its drive to obtain international protection and recognition for its neighbouring Ras Al Khor Wildlife Sanctuary.
Abdulsalam Almarri, The Lagoons CEO, said: "These awards are more than a recognition of excellence, they are an assertion of the vision embodied in The Lagoons. Combining the attributes of the best developer with the most socially conscious member of the community makes The Lagoons the development of choice for home owners and investors.
"Well aware that these awards are keenly contested distinctions and that the judges panel faced a difficult task in selecting the nominees, we were glad The Lagoons won the awards. We are delighted to be recognized by the industry as the 'Best Mixed-Use Development'."
Located on the Dubai Creek, The Lagoons will be home to the much anticipated Dubai Opera House, offering residents and visitors alike the best of world culture at their doorsteps. The development will also be home to the spectacular 'Dubai Towers - Dubai', the distinctively designed towers located in The Lagoons' central business district, as well as other landmark components and structures that will define Dubai's new skyline.
Protection of the environment is a key component of The Lagoons development, which will have a large number of parks and green belts, and feature reduced density housing and building heights in the ecologically sensitive buffer zone.
Cityscape Abu Dhabi 2008 exhibition will conclude on 16 May.
About 'The Lagoons'
Sama DubaiSama Dubai's 'The Lagoons' development is located in the heart of Dubai. Spread over an area of 70 million sq. ft it will feature seven beautifully landscaped islands, comprising of residential units, shopping centers, office buildings, and marinas. The Lagoons will enhance Dubai's position as an international destination with its cultural attractions, including a theater, museum, arts center and Dubai's only Opera House.
Regional corporations and multi-nationals can establish their headquarters in the Central Business District (CBD). 'The Lagoons' will offer freehold property with 100 per cent ownership to all nationalities. Half of the project will be sold to third party investors and the remaining 50 per cent of the area will be developed, marketed and operated by Sama DubaiSama Dubai.
Sama DubaiSama Dubai has committed to undertake comprehensive Integrated Environmental Impact Assessments (EIA), following international standards, across all phases of 'The Lagoons' project.
?About Sama Dubai
Sama DubaiSama Dubai is a private company wholly owned by Dubai Holding. The international real estate investment and development company focuses on leveraging synergies across international, regional and local real estate sectors. Its aim is the creation of a world class portfolio of partners, properties and investments which distinguish it as a market leader.
Sama DubaiSama Dubai is active across several segments of the real estate development sector including tower buildings (under the 'Dubai Towers' brand), large scale resorts (under the 'Salam' brand), business developments, mega malls and more.
Sama DubaiSama Dubai's existing projects are:
- Dubai Towers - Doha, Qatar
- Dubai Towers - Dubai, United Arab Emirates
- Amwaj - Rabat, Morocco
- Salam Resort- Bahrain
- Salam Yiti - Oman
- The Lagoons - Dubai, UAE
- Mediterranean Gate, Tunisia
For further information please visit: www.sama-dubai.com, or contact:
Sherif Shafie
Sama Dubai
+971 4 427-9100
Email: sherif.shafie@sama-dubai.ae
Sally Hamandi
JiWin
The Public Relations arm of Dubai Press Club
+971 4 3616666
Email: sally.hamandi@jiwin.ae
© Press Release 2008
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