The contract was awarded to M/s Al Arabia to install the world renowned SIGMA Elevators
Dubai, October 14th 2008: DAMAC Properties, luxury lifestyle provider and one of the region's largest private sector master developers has awarded the elevator contract for three of the company's projects in Jumeirah Village South - to M/s Al Arabia the exclusive distributor for the leading Korean brand - SIGMA Elevator Company. SIGMA Elevator, a 30 year old company supplies elevators and escalators to more than 50 nations worldwide through its global network of 11 sales companies, 2 offices, and 52 agents or distributors. M/s Al Arabia is part of the Juma Al Majid Group.
SIGMA elevators are also installed in DAMAC Properties' Marina Terrace and The Waves projects in Dubai Marina and the company's Lake Terrace project in Jumeirah Lake Towers. All these projects have been handed over by DAMAC. In 2008, DAMAC will also deliver 536 units in Lake View located at Jumeirah Lake Towers in Dubai, 192 units in Executive Heights project at TECOM in Dubai, 198 units in Tera Del Sol 1&2 in Discovery Gardens in Dubai and 847 units of The Crescent, located at IMPZ in Dubai. In 2009/10, they will deliver a further 7000 units across the region.
"Based on our past experience with Al Arabia and the SIGMA brand we decided to go ahead with the same partner for our prestigious Jumeirah Village South projects. We have observed that SIGMA Elevator is capable of providing its customers with the best quality products and services as they feature unmatched safety, ride comfort, and also sport a very modern design," said Peter Riddoch, CEO, DAMAC Properties.
Emirates Gardens 2 is a stunning sequel to the company's Emirates Gardens 1 project. The project offers a quiet and serene lifestyle with a combination of three developments - Maple, Magnolia and Mulberry. Each of these developments comprises two G+4 level buildings. Emirates Gardens 2 project will encompass a built-up area of approximately 750,000 square feet and will offer a diverse selection of spacious Mediterranean and Arabic themed studio, 1 and 2 bedroom apartments.
Tuscan residence is a low rise 3-building development. The Siena, Florence and Arezzo five storey towers are reminiscent of Tuscany, while encompassing a plethora of studio, one and two bedroom apartments including spacious interiors and large balconies in every apartment. Luxury Amenities at Tuscan Residence include a state of the art health club and swimming pool, ample parking space, along with retail and restaurants at the ground level.
DAMAC Properties were recently awarded five CNBC Arabian Property Awards for 2008. The accolades included awards for Best High-Rise Architecture for their Marina Bay Project in Abu Dhabi, Best Development for their Hyde Park project in Cairo, Egypt, Best Marina Development, also for Marina Bay in Abu Dhabi, Best Property Marketing awards for the Dubai Shopping Festival 2008 campaign and Best Developer Website for the third consecutive year - www.damacproperties.com.
Further information is available at www.damacproperties.com
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About DAMAC Properties
DAMAC Properties is part of DAMAC Holdings. DAMAC properties was established in 2002 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 670 million square feet and is worth in excess of US$45 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, luxury and determination to delivers homes to its customers as quickly as possible, the company is working closely with contractors and providing the necessary support mechanism to deliver quality and timely completion of projects. The company will deliver 2300 units in 2008 and a further 7100 units by 2010.
DAMAC 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, Italy, UAE, Russia, Jordan, Lebanon, Egypt, KSA and Qatar.
The parent company, DAMAC 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.
For further information, please refer to www.damacproperties.com
For more information please contact:
Niall McLoughlin, Senior Vice President
Corporate Communications, DAMAC
Tel: +971 4 3322005 Ex 383
Fax: 00 9714 3311028
Mobile +971 50 6251329
emaiI: niall.mcloughlin@damacgroup.com
Prem Ramachandran, Manager
Corporate Communications,
DAMAC Properties
Tel: 00 9714 3322001
Fax: 00 9714 3311028
Email: prem@damacgroup.com
Agency Contact:
Ashutosh Gupta, BPG Public Relations,
M: +97150 2834339
ashutosh@batespangulf.com
© Press Release 2008
