DAMAC PROPERTIES RECEIVES TRIPLE AWARDS

Dubai – 7 November 2005 – Luxury lifestyle provider, DAMAC Properties, received the prestigious Bentley International Awards 2005 in the categories of Best UAE Development for Marina Terrace, Best Architecture for Ocean Heights and Best Developer Website (www.damacproperties.com) at a ceremony in London yesterday.

The Bentley International Property Awards, now entering their 11th year, have been described as the ‘Oscars’ of the property industry. The aim of the awards is to distinguish the highest levels of achievement in a range of property-related fields. Categories cover a wide range of property and real estate related activities and services, including Development, Interior Design, Architecture, Property, Advertising, Marketing, and Estate Agency Services.

The annual contest is a global affair, with entrants drawn from countries such as the USA, Australia and New Zealand, and is open to all companies working in the residential property industry around the world.

"We are honored to receive such prestigious international recognition. The Bentley International Awards place DAMAC Properties in the league of the most prominent real estate developers on the world scene." Comments Peter Riddoch, CEO at DAMAC Properties.

He adds: DAMAC will continue to deliver innovative and iconic landmarks in the future". He adds.

DAMAC Properties was the first to introduce residential projects on every master planned development introduced by the Dubai Government, including the Palm Islands in Jumeirah and Jebel Ali, Dubai Marina, Dubai International Financial Centre (DIFC), Jumeirah Lake Towers, Discovery Gardens, and the International Media Production Zone.

The total value of DAMAC Properties is over AED 10 Billion. It is a subsidiary of DAMAC Holding, an accredited ISO 9002 company that has grown into a global conglomerate with more than 5000 employees in 16 countries. Being the first private developer to make a commitment to Dubai’s real estate market, DAMAC Properties has become a market leader with a strong sales record to its credit.


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