Company's fourth commercial tower at Business Bay
DUBAI, APRIL 09th, 2007: DAMAC Properties, the largest private sector master developer and luxury lifestyle provider following the outstanding success of its Executive Bay Tower launch last week - announced the launch of yet another masterpiece - Capital Bay Towers. This is also an exciting commercial development in the heart of Business Bay. The two 19 storey towers that complement each other, will feature state-of-the-art office spaces as well as retail and recreational facilities that promise to make Capital Bay Towers one of the most sought after corporate addresses.
"The launch of Capital Bay Towers follows the impressive success experienced by the company's first three projects at Business Bay - 'Executive Bay', 'Business Tower' and 'XL Tower'. Capital Bay Towers will represent the wealth of our global expertise and we are determined to offer our valued customers the best facilities the industry has to offer. Our presence in the Business Bay stems from our belief in the extremely vibrant and dynamic master plan for the development," said Mr. Hussain Sajwani, Chairman of DAMAC Holding.
"Capital Bay Towers is a perfect commercial eco-system. For those who enjoy being in the midst of all the action, Capital Bay Towers is the ideal location. An exclusive world of boutique retail space on the ground level also adds to the zest of the environment. The project will have a beautiful and serene landscape and parking at 4 levels. The pleasures of working in an office tower that so perfectly complements the advantages of a self-contained development are many. But when the location itself offers an ample range of facilities, working becomes a true delight," said Peter Riddoch, CEO, DAMAC Properties.
Furthermore, Mr. Riddoch stated that, "A well-designed workplace with a comfortable indoor environment leads to a workforce that is not only healthy and happy but also more productive. Innovative state-of-the-art facilities are the tools that directly increase productivity. The tower has swipe access, Hi-speed internet, business lounge, reception desk and 24-hr security and security cameras.
DAMAC 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 Properties has become the market leader with a strong sales record to its credit.
Furthermore, DAMAC Properties recently 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 December 2006, the company also won the IREF ME award for the best residential development in the UAE.
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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.
Client 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
