21 July 2004
DAMAC Properties opened a new Sales Centre at the site of its newest freehold property at the Dubai International Financial Centre to help promote the sales of its freehold apartments in the UAE market, according to the CEO of the largest private freehold property company in the country.
"We are very pleased to announce the opening of our third Sales Centre on site of the proposed Park Towers at DIFC to further support the sale of our eight freehold properties in the UAE, and more specially our newest property Park Towers at DIFC," Peter Riddoch, Chief Executive Officer (CEO) of DAMAC Properties explained.
He said, during a press conference held with the presence of Lawrence Elms, CEO, Land Development Company, that the new sales center, built on site of Park Towers at PB02 at DIFC follows the set up of two other DAMAC Sales Centre, the first in Dubai Media and Internet City and the second in Deira.
"The Sales Centre is dedicated to our clients and prospective customers as they can come to know all the details related to the freehold properties on offer by DAMAC, especially our latest Park Towers at DIFC."
"Park Towers is registering good sales and we are pleased to announce that we are now in the process of releasing more units to meet the growing market demand," Riddoch declared saying that the residential property, the first to be built by a UAE-based company in DIFC reflects the success of the Dubai International Financial Centre and its growing status as a leader in the financial market in the region.
"The Dubai International Financial Centre (DIFC) is an exciting project that will see the growth and development of Dubai as a leading financial hub for the region and we are very happy to be working with the Dubai government on promoting DIFC and our project," Riddoch said
The twin cylinder type, egg-shaped glass towers will be built by DAMAC Properties in DIFC at a cost of Dhs 600 million. The two towers offer the best in amenities and services and are linked through a multistory podium that will feature restaurants and shopping and retail spaces. Each of the towers will host a total of 216 units ranging from one to two and three bedroom apartments.
-Ends-
Founded in 1982, the multi-million Dirham DAMAC Group is one the largest conglomerates in the Middle East operating across 16 countries and employing over 5,000 people from more than 25 nationalities.
The group, holder of ISO 9002 international accreditation, operates a diversified portfolio of successful businesses ranging from industrial catering, to franchised restaurants, product manufacturing, education, insurance, global stock market investments and property development including commercial developments, hotels and multi-million waterfront properties that are internationally renowned engineering projects in their own right.
DAMAC Properties opened a new Sales Centre at the site of its newest freehold property at the Dubai International Financial Centre to help promote the sales of its freehold apartments in the UAE market, according to the CEO of the largest private freehold property company in the country.
"We are very pleased to announce the opening of our third Sales Centre on site of the proposed Park Towers at DIFC to further support the sale of our eight freehold properties in the UAE, and more specially our newest property Park Towers at DIFC," Peter Riddoch, Chief Executive Officer (CEO) of DAMAC Properties explained.
He said, during a press conference held with the presence of Lawrence Elms, CEO, Land Development Company, that the new sales center, built on site of Park Towers at PB02 at DIFC follows the set up of two other DAMAC Sales Centre, the first in Dubai Media and Internet City and the second in Deira.
"The Sales Centre is dedicated to our clients and prospective customers as they can come to know all the details related to the freehold properties on offer by DAMAC, especially our latest Park Towers at DIFC."
"Park Towers is registering good sales and we are pleased to announce that we are now in the process of releasing more units to meet the growing market demand," Riddoch declared saying that the residential property, the first to be built by a UAE-based company in DIFC reflects the success of the Dubai International Financial Centre and its growing status as a leader in the financial market in the region.
"The Dubai International Financial Centre (DIFC) is an exciting project that will see the growth and development of Dubai as a leading financial hub for the region and we are very happy to be working with the Dubai government on promoting DIFC and our project," Riddoch said
The twin cylinder type, egg-shaped glass towers will be built by DAMAC Properties in DIFC at a cost of Dhs 600 million. The two towers offer the best in amenities and services and are linked through a multistory podium that will feature restaurants and shopping and retail spaces. Each of the towers will host a total of 216 units ranging from one to two and three bedroom apartments.
-Ends-
Founded in 1982, the multi-million Dirham DAMAC Group is one the largest conglomerates in the Middle East operating across 16 countries and employing over 5,000 people from more than 25 nationalities.
The group, holder of ISO 9002 international accreditation, operates a diversified portfolio of successful businesses ranging from industrial catering, to franchised restaurants, product manufacturing, education, insurance, global stock market investments and property development including commercial developments, hotels and multi-million waterfront properties that are internationally renowned engineering projects in their own right.
About DAMAC Properties
DAMAC Properties is the largest private free hold property developer in the UAE, having 10 free hold towers under development in master plan projects across Dubai in Dubai Marina, Jumeirah Lakes, Jebel Ali and Jumeirah Palm Islands as well as in the Dubai International Financial Centre.
For additional information kindly contact
Mr. Nagy Sedra,
Public Relations Manager,
DAMAC Properties on
Tel: +971 4 3322005,
Fax: +971 4 3311028,
E-mail: nagy@damacgroup.com
© Press Release 2004
