Luxury lifestyle provider, DAMAC Properties, showcased its state-of-the-art projects at the PropertyLink 2007 exposition between May 2nd and May 4th 2007 at the Zara Expo in Amman. The exhibition is being held in cooperation with Jordan Investment Board, Greater Amman Municipality and the Aqaba Special Economic Zone Authority
“This is an influential and important event on the calendar of every international property developer, and we are delighted to be part of it. Throughout the last 3 days we displayed the most luxurious, elegantly designed, high quality properties spread across the region,” said Mr. Hussain Sajwani, Chairman, DAMAC Holding.
DAMAC Properties recently launched its fourth project in Jordan, ‘Business Heights’, a 20 story commercial tower in the Abdali master planned development. It is important to note that the company is the first to launch a commercial tower in the Abdali area, and that it was also the first to introduce a residential project with the launch of ‘The Heights’, a 35 story tower in the same location. Business Heights is located along Naboulsi Street and at Naboulsi Gate; also known as one of the best locations within the Abdali area.
“We have confidence in the Jordanian market, since our previous three projects, 'The Heights', ‘The Lofts’ and ‘Courtyard I’ were very well received by our Jordanian clients. Such positive outcomes encouraged us to launch our Business Heights project in Jordan in March this year, making it our fourth. This project targets the fast paced business community, and we are sure that through our offerings, our valued customers will enjoy the best facilities the industry has ever seen,” said Peter Riddoch, CEO at DAMAC Properties.
Located in the heart of Amman, Abdali is a prestigious US$1.5 billion mixed-use development featuring several districts. It is also one of Jordan's largest and most ambitious ventures. It offers a unique opportunity to build a new downtown for a vibrant city, with a carefully crafted plan featuring more than 3.5 million square feet of construction in the heart of Amman’s downtown area.
DAMAC Properties recently launched yet another luxurious masterpiece, ‘The Signature Series’. This will be the most expensive penthouse offering in the Middle East. Each penthouse will be worth US$ 8.75 to US$ 10 million, located in ‘Ocean Heights’, the 82-story award-winning marvel in Dubai Marina and ‘Lotus Heights’ in the bustling Business Bay. HBA (Hersh Bedner Associates), a leader in hospitality interior designing worldwide, has lent its expertise to the unique interiors of these Signature Residences.
DAMAC Properties recently won three prestigious awards for its projects in the UAE at the Arabian Property Awards of 2006. The 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. In December 2006, the company also won the IREF ME award for the best residential development in the UAE, and in 2005 it was honored with three prestigious Bentley International Awards in the categories of - Best UAE Development for Marina Terrace, Best Architecture for Ocean Heights-I and Best Developer website at a ceremony in London.
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, KSA, 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.
