Friday, September 21, 2007

Damac holds the credit of launching 79 towers in a five year span

Damac Properties has revealed that it has launched 79 towers throughout the region, during the past five years, making it the largest private property developers in the UAE.

Damac Holding, the real estate arm of Damac Properties and a Dubai-based company, has revealed that its $18billion portfolio of towers covers the Jordan, Qatar, UAE, Saudi Arabia and Lebanon.
It also revealed that its Gamsha Bay project, worth $35-$40 billion project, is shaping up in Egypt, which is one of the largest master developments in the region. All these projects are currently in various stages of construction.

"We have grown at a tremendous pace, and have set the path for others to follow. We are proud that we are an integral part of the exponential growth that the country and the region has witnessed during the recent past, and will continue to play a major role in growing the industry," said the Chairman of Damac Holding, Hussain Sajwani.
The major projects of Damac include the buildings in developments such as the
Dubailand, Business Bay, Jumeirah Village, IMP and Tecome Zone.

The CEO of Damac Properties, Peter Riddoch assured that they will surely aim to further strengthen their position in these sectors shortly, and revealed that several projects of the company are coming up in the commercial market sector.

1 comment:

George said...

Mr. Peter Riddoch
CEO Damac
Dear Mr.Riddoch,
Congratulation! People like you making Dubai a dream city
Best of luck

George Jacob
Real estate agent
Bahrain