Jan 27 2010   | Source: Trade Arabia 

Damac to handover 6 big projects in 2010

Damac Properties, a leading developer in the region, has announced that 2010 will be the year of handovers – with more than six projects due to be completed in Dubai during the next 12 months.

Among those to be handed over are two phases of the company’s Emirates Gardens development and Tuscan Residences at Jumeirah Village South, Lago Vista at IMPZ, XL Tower and Business Tower at Business Bay and Smart Heights at Tecom.

The six projects together offer a good mix of both residential and commercial units – with over 3,000 new units due to be delivered this year. The handover follows the tremendous construction progress achieved in 2009, which was the year of construction at Damac, said its top official.

'This year will be a significant one for the company as it built on its standing as a private developer that was continuing to show progress and delivery. 2010 will be an exciting year for us as we conclude a number of our projects in Dubai,' remarked Hussain Sajwani, Damac Properties chairman.

“This shows that the decisions we have made and the priorities we have focused on during 2009 have paid off for our customers who can now look forward to taking delivery of their units. I would also like to thank all those contractors who have worked with us during these tough times to ensure that we have been able to meet our obligations,” he added.

In addition, it is expected that Ocean Heights - the company’s 84 storey flagship development at Dubai Marina - will also be complete by the end of the year which would round off a potentially great year for the company.

‘We have very high hopes and expectations for 2010 and are firmly focused now on looking ahead - leaving the last year and all its difficulties behind us. We know that there will of course still be tough challenges in the market place but we feel that we have very clear goals in sight and we will be doing our utmost to meet those targets,’Sajwani stated.

The awarding of new contracts, he said, was all part of company's strategy to ensure that there was business continuity and activity at a variety of levels within the company’s portfolio of developments.

‘The start of a new year always brings a renewed sense of purpose but we feel that 2010 will see us reach some significant milestones that we can look forward to with certainty which is pleasing for us and our customers,’ Sajwani added

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