/24-7PressRelease/ - AMMAN, JORDAN, August 31, 2007 - Established in 2003 as the property arm of DAMAC Holding, DAMAC Properties' portfolio now spans 420 million Sq. Ft. of luxury spread across six countries and the company is proud to have earned the trust of nearly 10,000 customers.
By virtue of belonging to a well-established business conglomerate, top-notch management expertise has been leveraged to propel the stellar growth of DAMAC Properties. The company's development of state-of-the-art residential, leisure and business complexes relies on a wealth of in-house experience and draws upon the best of international architectural talent. DAMAC Properties fully manages its construction projects throughout the complete process starting with the land purchase and up until ensuring superior after-sales customer care.
DAMAC Properties' enabling force is indisputably the DAMAC team. "You can only go as far as your team will take you," says Mr Sajwani, "DAMAC's team knows no limits and we rely on our collective passion, capabilities, initiative and above all teamwork to deliver nothing less than the very best to our customers."
We, at DAMAC believe that diversity is the key to our competitive advantage and we value the collective strengths of our employees.
Underlying DAMAC Properties' success has been its unwavering commitment to excellence. "Real luxury is the product of every single component that is part of the process," says Mr Hussain Sajwani, Chairman and Founder of DAMAC Holding.
"It cannot be merely superficial, but has to reflect on every single aspect going beyond the material. This is why we constantly strive for excellence in everything we do, from the grand scheme to the tiniest detail, to deliver an unmatched experience."
DAMAC Properties' span of projects has expanded beyond the borders of the U.A.E. to include over 40 landmark projects on a regional level. Today, the company's development portfolio includes residential, office and retail projects in six countries including the U.A.E., Egypt, Saudi Arabia, Jordan, Lebanon and Qatar.
Development highlights in Jordan include The Heights, The Courtyard 1&2, the lofts, Business heights and Business Gate with more projects to be launched. Developments In Dubai include the recently launched Signature Series in Dubai Marina and the first DAMAC-branded 90 storey tower, DAMAC Heights. Regional highlights include: The Piazza in Qatar; La Residence by Ivana Trump in Lebanon; Al Jawharah in Saudi Arabia;. Moreover, Gamsha Bay, DAMAC's ground-breaking mega project in Egypt is the largest on a regional level, second only to King Abdullah Economic City in Jeddah.
In line with the company's vision to become the world's leading private-sector real estate developer, further projects are in the pipeline for implementation in Tunisia and Morocco and growth plans are underway beyond regional territory reaching as far as China and Pakistan.
As testament of its achievements, DAMAC Properties has received global recognition substantiated by numerous awards. In 2005, the property company received three prestigious Bentley International Awards in the categories of Best UAE Development for Marina Terrace, Best Architecture for Ocean Heights 1 and Best Developer website at a ceremony in London.
In 2006, DAMAC Properties won three awards at the CNBC Arabian Property Awards for the Best Development for Oceanscape, Best Architecture for Ocean Heights 2 and the Best Developer website Award. DAMAC also received the ISO 9001:2000 accreditation in 2006.
"Our success and growth is the result of our commitment to world-class quality and customer care. Our ISO accreditation and the numerous awards we've received strengthen our determination and resolve to continuously set and meet the highest standards in the industry," said Mr. Peter Riddoch, CEO of DAMAC Properties.
TRACCS Jordan
Maha Al Rawashdeh
Tel: (+962) 6 5924114
Fax: (+962) 6 5924334
Email: jordan@traccs.net
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