| 29 Jan 2008 |
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DAMAC Properties brings Green Luxury development to Abu Dhabi
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Located at Najmat Abu Dhabi: Marina Bay overlooks the endless ocean
UAE, Abu Dhabi, 29th Jan 2008: In line with developing landmark properties across the region, DAMAC PropertiesDAMAC Properties
unveiled a green luxury development - Marina Bay at the 'Najmat Abudhabi'. The spectacular 24-storey Marina Bay over looks the marina and occupies a prime seafront on Al Reem Island. The exclusive eco-friendly project provides a rejuvenating lifestyle, offers the pleasure of owning a waterfront property and endows one with the most exquisite views of the canal that connects the entire development. Ideally located, the Marina Bay is just 300 meters away from Abu Dhabi City Centre and 20 minutes drive from the Abu Dhabi International Airport.
The development is a mixed use tower that offers retail on ground and mezzanine levels, offices on podium level and penthouses and duplexes on the higher floors.
Commenting on the launch of the project, Hussain Sajwani, Chairman, DAMACDAMAC
Holding, comments "The construction activity in Abu Dhabi is growing rapidly and the landscape is set to witness a significant change in the coming years. Coupled with the current construction boom and expected increase in population to more than double within a decade makes Abu Dhabi an ideal investment opportunity and a great place to live".He further added, "The Launch of Marina Bay in Abu Dhabi further strengthens our presence in the region and especially in Abu Dhabi. DAMACDAMAC has launched over 80 project globally and this is our second development in Abu Dhabi".
"Marina Bay is a distinguished lifestyle investment and is located on one of the most admirable master planned development. The development is designed to enhance the wealth and well-being of people while maximizing water efficiency and using intelligent integrated building management systems" said Peter Riddoch, CEO, DAMAC PropertiesDAMAC Properties
."According to reports the emirate has a $2.4 trillion of construction developments in the pipeline and we are proud to be part of this development process", adds Peter Riddoch.
Marina Bay's residential blocks offer 1, 2 and 3 bedroom apartments and are equipped with smart home technology, camera supervised covered parking on 3 podiums of the tower with a 24-hour resident's service and a concierge service.
The development comprises of a state-of-the-art gym, a spa with steam, sauna and massages, meditation, yoga room and children's playroom. The additional leisure facilities include a pool, entertainment and games room with a pool table, table tennis, football, carom and other indoor sports.
DAMACDAMAC Holding has now grown into a global conglomerate with more than 7000 employees in 18 countries. Being the first private sector company to make a commitment to Dubai's real estate market, DAMAC PropertiesDAMAC Properties has become the market leader with a strong sales record to its credit.
DAMAC PropertiesDAMAC Properties recently won two prestigious awards at the CNBC Arabian Property Awards 2007. The leading property developer bagged the 'Best High Rise Development Award' for its project 'La Residence at the Lotus' as also the 'Best Website' Award for www.damacproperties.com. Last year, the company had won the IREF ME award for the best residential development in the UAE.
Further information is available at www.damacproperties.com
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About DAMACDAMAC Properties
DAMAC PropertiesDAMAC Properties is part of DAMACDAMAC Holdings. DAMACDAMAC properties was established in 1995 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, Saudi Arabia and the Far East.
The company's portfolio includes properties spread across 500 million square feet and is worth in excess of US$30 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 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, Reading, Leicester, Birmingham and Glasgow), Ireland, Italy, UAE, Iran, Russia, Jordan, Lebanon, Egypt, KSA and Qatar.
The parent company, DAMACDAMAC Holdings, 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.
© Press Release 2008
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