DAMAC Properties, the largest private sector master developer and luxury lifestyle provider, today announced its plans for Arabian Travel Market (ATM) 2007 in Dubai. DAMAC will unveil its first villa project – the Wildflower located at the prestigious ‘Earth community’ of the Jumeirah Golf Estates. DAMAC will also share more details on its Egypt-based Gamsha Bay project – a 320-million sq. ft. leisure destination billed as the largest development in the region.
ATM 2007, the industry’s leading travel and tourism exhibition, will be held between May 1st and 4th at Dubai International Convention and Exhibition Centre. Visitors to the Arabian Travel Market can view information about DAMAC’s projects by visiting the company's stand number TD 120 in Zabeel Hall.
The Wildflower Villa project in Jumeirah Golf Estates, just minutes away from several landmark developments like The Palm – Jumeirah, Jumeirah Islands and The World, will offer the ultimate in luxury & leisure lifestyle. The project exemplifies the artistic mastery of traditional architecture while venturing into a whole new dynamic arena of residential design.
The 112-villa Wildflower project sets a hallmark of excellence with it’s beautifully spread out grass courses, overlooking the Earth Golf Course designed by the legendary Greg Norman. Jumeirah Golf Estates will offer the perfect choice of amenities such as health clubs for men and women, gymnasium, rooftop garden and barbecue area, swimming pools and water features, tennis courts and golf academy.
Unveiling details of DAMAC’s plans for ATM, Mr Hussain Sajwani, Chairman, DAMAC Holding, said: “We are committed to making a significant presence at ATM 2007. Visitors to our stall will be amazed with the ground-breaking projects we are launching -- ranging from exciting luxury lifestyles, to investment prospects, retail attractions and much more. Close on the success of the vast array of projects unveiled by DAMAC in the last one year, we will be unveiling one more prestigious project – the Wildflower Villas at Jumeirah Golf Estates.”
“We also plan to unveil more details on the Gamsha Bay project in Egypt, which will set a new benchmark in design, innovation and architecture in the real estate marketplace in the region. The world-class development will provide an impetus to the economy of the region and create an unparalleled attraction for tourists. ATM is a significant platform for DAMAC to intrigue the real estate and tourism sector with our outstanding visual and conceptual developments and we are looking forward to participating in this mega industry event,” added Mr. Sajwani.
At the ATM, DAMAC will also showcase the world-class facilities to be extended at the Gamsha Bay project in Egypt. The 320-million sq. ft. leisure development located on the red sea 60 km north of Hurghada is the largest development in the region, offering residents a wide array of housing options with villas, townhouses, apartments and Marinas, 18-hole golf course, 5 Star hotels, shopping boulevards, spa resorts, beach resorts, scuba diving, entertainment venues and recreational amenities including an innovative x-treme sports adventure theme park among other world class facilities.
Peter Riddoch, CEO at DAMAC Properties, said: “The Arabian Travel Market is a very important stage to showcase our landmark projects, not only for Dubai residents but also for people visiting from other parts of the region. The massive real estate growth in the region is creating many new business opportunities. We at DAMAC feel that ATM is the right platform to capture a share of the tourism and leisure real estate market, both within the UAE as well as internationally. ATM 2007 will provide the perfect forum for us to interact directly with our stakeholders and potential investors.”
“Gamsha Bay, offering everything that one seeks – from state-of-the-art facilities to eco-friendly environment. The Gamsha Bay project will offer residents an open scenic environment with 39kms coastline and 25kms of beaches. Customers will have over 55,000 units that include - villas, townhouses, retail establishments, shopping centres, marinas, apartments and several other amenities to choose from. The total investment of the project is expected to reach over US$16 billion over the next ten years,” he added.
The Arabian Travel Market is the region's biggest and fastest growing travel and tourism exhibition attracting tourism companies, resort owners and operators, airlines and tourism service providers from all over the world, and is now in its 15th year.
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ABOUT DAMAC PROPERTIES:
DAMAC Properties is part of DAMAC Holding. The company was established in 1996 and has grown into one of the most successful residential, leisure and commercial developers in Dubai and the Middle East, and is expanding rapidly into North Africa, Jordan, Lebanon, Qatar and the Far East. The company’s portfolio of 52 towers is worth over US$ 4 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, Saudi Arabia, Egypt 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.
