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DAMAC bags ‘Best residential developer in UAE’ award at IREF Middle East Awards 2006

Author: Property World Middle East

UK based, ICG (Islamic Conferences Group) presented the inaugural IREF ME Awards to institutions for their excellence and contribution to the real estate market within the GCC region.

“DAMAC Holding has grown into a major regional player in a wide variety of businesses with 6000 employees in 18 countries. We launched DAMAC Properties 4 years ago, and today, the property company has grown tremendously to become Middle East´s leading prominent private sector developer,” commented Hussain Sajwani, Chairman, DAMAC Group.

Over 40 institutions and individuals were honored for their outstanding contributions and achievements in various areas of real estate. Nominees in the various categories were short listed and selected by a panel of leading industry experts from each of the GCC countries.

´We are delighted and proud to have won this award as the country’s best residential developer. Recognition at the IREF ME Awards 2006, further reiterates our leadership position in the property marketplace,” said Mr. Peter Riddoch, CEO, DAMAC Properties.

DAMAC has recently also won three prestigious awards at the CNBC Arabian Property Awards 2006. 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 2005, the company was honored with 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.

DAMAC Properties was launched 4 years ago. In line with the government’s introduction of freehold ownership, DAMAC was the first to introduce iconic properties on all the freehold master planned development launched by the Dubai and Abu Dhabi governments. Throughout the spectrum of 52 buildings announced to date, DAMAC Properties provides a luxury lifestyle that is second to none. The total value of DAMAC Properties’ projects is over US$4 Billion. It is a subsidiary of the DAMAC Holding established in 1982.

About DAMAC Properties:
DAMAC Properties is the largest and most dynamic private sector freehold developer in the UAE. DAMAC was the first to establish a presence on every master planned development launched by the Dubai Government, and today, the company has over 20 residential towers under construction, valued at over AED 10 Billion.

DAMAC Properties's contact details:
Phone: +9714 332 2005
Fax: +9714 331 1028


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