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Jul 03 2011

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DAMAC Properties Launches Jeddah Residences with Versace Home Interiors at Harrods

The limited release designer residential apartments will occupy the higher floors of DAMAC Properties ' exclusive 'Al Jawharah' development on the Jeddah Corniche in the Kingdom of Saudi Arabia. Al Jawharah is well advanced with construction at podium 3. The entire project scheduled for completion in 2013.

DAMAC Properties chose the peak summer period of July at Harrods to showcase the Versace inspired residences in a bid to appeal to visitors from the Gulf, who descend on London, and indeed the fashionable store, at this time every year.

"The DAMAC Residences with Versace Home Interiors in Jeddah will be in a class of its own. It will be one of the most glamorous and luxurious residential developments in the world, with bespoke interior design packages throughout. This collaboration with Versace Home Interiors will deliver the Italian luxury lifestyle concept to Saudi Arabia" said Hussain Sajwani, Chairman of DAMAC Properties .

DAMAC Properties will showcase its award winning regional property portfolio within the London store from July 4^th until July 31^st 2011.

The debut of 'The DAMAC Residences with Versace Home Interiors in Jeddah' will build upon the success of 'The DAMAC Tower with Versace Home Interiors in Beirut,' which was launched last year in Lebanon.

' DAMAC Tower with Versace Home Interiors in Beirut' represents the first Versace branded tower in the Middle East region. It has received an International Property Award for 'Best Architecture' as well as two Arabian Property Awards for 'Best Interior Design' and 'Best Architecture.'

"We are delighted to be collaborating again with DAMAC following the successful launch of the DAMAC Tower in Beirut. Versace Home will work closely with DAMAC to deliver an interior design project for the prestigious residences in the Al Jawharah development in Jeddah", commented Gian Giacomo Ferraris, CEO of Versace Group.

Harrods is internationally recognised as one of the world's premium destinations for luxury items and global fashion brands. The store has a long tradition of playing host to celebrity signature perfume launches as well providing a venue for runway shows featuring new fashion collections by world-renowned designers.

Commenting on the launch in Harrods, DAMAC Properties Senior Vice President Niall Mc Loughlin said: "Harrods is the home of the fashion elite, I can think of no better place to showcase Versace branded residential apartments than Harrods. For sophisticated, glamorous, fashion conscious customers it is a destination in itself."

DAMAC Properties is an internationally recognised, luxury-focused, high-end developer. With a proven track record for delivering some of the most luxurious residential properties across the Middle East region, the developer is well capitalised and has the vision and momentum to provide solid investment opportunities for customers across all the markets in which it operates.

Further information is available at www.damacproperties.com

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DAMAC Properties , part of DAMAC Holdings was established in 2002, as a private residential, leisure and commercial developer in Dubai and the Middle East. Since then, DAMAC Properties has expanded rapidly into North Africa, Jordan, Lebanon, Qatar and Saudi Arabia.

DAMAC Properties has completed 28 buildings to date with 6045 units and spanning 10,619,469.00 sq feet with projects such as The Crescent and Lago Vista at IMPZ, Executive Heights and Smart Heights in TECOM, Lake View and Lake Terrace at Jumeirah Lake Towers, Business Tower and XL Tower at Business Bay and Ocean Heights, The Waves and Marina Terrace at the Dubai Marina.

Before the end of this year (2011) DAMAC Properties will complete a further 8 buildings comprising 1,329 units spanning 2,513,015.00 sq feet

DAMAC Properties also has a further 50 buildings at various stages of progress across the Middle East, North Africa region. These consist of 9849 units, spanning 16,886,151.00 sq feet.

In June 2010, DAMAC Properties further reinforced its position as a premium developer with the launch of DAMAC Tower in Beirut, Lebanon. A 28 iconic tower, this project is in association with Italian design group, VERSACE, with all interiors being designed by Versace Home.

The company has a diverse range of expertise that allows them to have a good oversight and management of all aspects of a project right from the acquisition of land, appointment of architects and designers, construction and sales to after sales service.

The company's projects are located in the most desirable and exclusive locations and homes are built to a high quality specification that has become synonymous with the group. DAMAC Properties aims to develop projects that include residential, commercial and leisure facilities that will create an integrated community.

In addition to support services provided by the Dubai headquarters, the company's comprehensive Customer Care Program provides solutions through its vast network with offices in the UAE, Jordan, Lebanon, Egypt, KSA and Qatar.

For more information please contact:
Niall McLoughlin, Senior Vice President - Corporate Communications
DAMAC
Tel: +971 4 3732190
Fax: 00 9714 3732335
Mobile +971 50 6531824
emaiI: niall.mcloughlin@damacgroup.com

© Press Release 2011