Dubai, Sunday, December 28th - 2006: Luxury lifestyle provider and the region's leading private sector developer, DAMAC Properties, won the 'Best residential developer' award at the inaugural IREF ME 2006 awards. UK based, ICG (Islamic Conferences Group) presented the inaugural IREF ME Awards to institutions for their excellence and contribution to the real estate market within the GCC region.
"DAMAC Holding has grown into a major regional player in a wide variety of businesses with 6000 employees in 18 countries. We launched DAMAC Properties 4 years ago, and today, the property company has grown tremendously to become Middle East's leading prominent private sector developer," commented Hussain Sajwani, Chairman, DAMAC Group.
Over 40 institutions and individuals were honored for their outstanding contributions and achievements in various areas of real estate. Nominees in the various categories were short listed and selected by a panel of leading industry experts from each of the GCC countries.
"We are delighted and proud to have won this award as the country's best residential developer. Recognition at the IREF ME Awards 2006, further reiterates our leadership position in the property marketplace," said Mr. Peter Riddoch, CEO, DAMAC Properties.
DAMAC has recently also won three prestigious awards at the CNBC Arabian Property Awards 2006. Property developer bagged the best development award for 'Oceanscape', best architecture award for 'Ocean Heights 2' and the best website award for the company's website - www.damacproperties.com.
In 2005, the company was honored with three prestigious Bentley International Awards in the categories of - Best UAE Development for Marina Terrace, Best Architecture for Ocean Heights-1 and Best Developer website at a ceremony in London.
DAMAC Properties was launched 4 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 announced 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.
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ABOUT DAMAC PROPERTIES:
DAMAC Properties is part of DAMAC Holding. The company was established in 1996 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 of 52 towers is worth over AED15 billion. By partnering with world renowned architects and designers, DAMAC 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 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 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:
Prem A. Ramachandran,
DAMAC Properties,
Tel: 00 9714 3322005
Fax: 00 9714 3311028
Email:prem@damacgroup.com
Agency Contact:
Ashutosh Gupta, PanGulf PR,
M: +97150 2834339
ashutosh@batespangulf.com
© Press Release 2007
