Wednesday, May 02, 2007

Damac launches Wildflower project

The first villa project by Damac Properties – the Wildflower, positioned in the Earth Community of the Jumeirah Golf Estates at the Arabian Travel Market, has been launched. Damac, during this occasion, also revealed details regarding its Gamsha Bay Project, based in Egypt, which is a 320 milllion Sq.Ft. leisure destination, one of the largest developments in the region.

The Wildflower Villa project in Jumeirah Golf Estates, is located in close proximity to various developments such as Jumeirah Islands, The Palm Jumeirah and The World and makes use of traditional architecture.

The Damac Chairman, Hussain Sajwani, mentions that the Egypt-based, Gamsha Bay project will be a yardstick in its architecture, innovation and design in the region. The world-class development will attract tourists and help boost the economy of the region.

The leisure development, being the largest in the region, offers residents a wide range of options like apartments,, marinas, townhouses, villas, 18-hole golf course, shopping boulevards, five-star restaurants, scuba driving, spa resorts and other recreational and entertainment venues and amenities along with an innovative sports adventure theme park.

The Chief Executive Officer of Damac, Peter Riddoch, states that due to the massive growth in the real estate sector in the region, plenty of business opportunities are being created. Hence, Damac, is of the opinion that ATM is the apt platform to capture a share of both leisure real estate market and the tourism sector, both within UAE and in the international market.

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