Luxury lifestyle provider and the Middle East largest property developer, DAMAC Properties, embarked on an ambitious international expansion by launching highly luxurious projects in the GCC and Asia. The property company is due to introduce a stunning mixed-use project in Amman through a press conference that will be held within the Jordanian capital in the month of July.
In the Levant, the property company announced its intention to launch an AED 550 Million project in Lebanon encompassing 27 stories, including 70 two and three bedroom apartments with state of the art marble and ceramic finishing, ample parking space, a swimming pool, gym, valet parking, as well as 24 hours maintenance and security. Apartments on every level will provide stunning views on the Mediterranean Sea.
Lately, In Qatar, DAMAC introduced The Piazza, a stunning AED1.5 Billion real estate undertaking within the acclaimed fox hills within Doha’s freehold Lusail development. The project encompasses 600 studio, one, two, and three bedroom apartments, including residences with lush green gardens on the ground floor. The projects amenities comprise a jogging track, state of the art gym and health club, a juice bar, outdoor swimming pool and children’s pool, along with 24 hours maintenance and security.
In China, DAMAC launched an AED 10 Billion real estate undertaking in the country’s Tanggu District, Tianjin, to develop an iconic mix-use real estate development in the exquisite Trumpet Bay region. DAMAC’s mega real estate undertaking is a 5 Million Squared Feet mixed-use project consisting of a number of iconic residential towers, along with retail, offices, and an elegantly designed exclusive five star hotel. The development will also encompass a stunning marina with a capacity of 100 boats, as well as promenades and landscaped areas.
“Today DAMAC Properties is expanding throughout the GCC and recently Asia, though the mega-project that was recently announced and due to be developed soon in China. Our ultimate aim is to become a major global player, going forward. Accordingly, we are looking at numerous opportunities throughout the world and plan to announce several, highly ambitious projects throughout the spectrum various countries in the future”, said Peter Riddoch, CEO at DAMAC Properties.
Recently, DAMAC Properties launched two iconic projects within the Abu Dhabi. Dolphin Towers, a three-tower structure, including 400 one, two, and three bedroom luxury condominiums and 10 exclusive sea facing townhouses, will be located within the stunning Al Raha beach development. Oceanscape, an iconic mixed-use undertaking, including 184 one, two, and three bedroom apartments with state of the art finishing and 8 townhouses, is due to be positioned on the renowned Al Reem Island.
The property company was recently honored with three prestigious Bentley International Awards 2005 in the categories of Best UAE Development for Marina Terrace, Best Architecture for Ocean Heights and Best Developer Website (www.damacproperties.com) at a ceremony in London on 4 November 2005.
The Bentley International Property Awards, now entering their 11th year, have been described as the ‘Oscars’ of the property industry. The aim of the awards is to distinguish the highest levels of achievement in a range of property-related fields. Categories cover a wide range of property and real estate related activities and services, including Development, Interior Design, Architecture, Property, Advertising, Marketing, and Estate Agency Services.
The total value of DAMAC Properties’ projects is over AED 10 Billion. It is a subsidiary of DAMAC Holding, an accredited ISO 9002 company that has grown into a global conglomerate with more than 5000 employees in 16 countries. Being the first private developer to make a commitment to Dubai’s real estate market, DAMAC properties has become a market leader with a strong sales record to its credit.
