Damac to project 'solid progress' at Cityscape.(Dateline: Dubai ) Luxury lifestyle provider Damac Properties is marking its presence at this year's Cityscape (company) CityScape - A re-seller of Internet connections to the PIPEX backbone. E-Mail: <sales@cityscape.co.uk>. Address: CityScape Internet Services, 59 Wycliffe Rd., Cambridge, CB1 3JE, England. Telephone: +44 (1223) 566 950. event with a dual theme of construction and delivery in a year of tough challenges. In spite of a turbulent 12 months the company is confident that it can show investors and end users that it has continued to make solid progress on all fronts. Since last year's event Damac Properties has handed over three projects -- The Crescent, Executive Heights and Lake View. In addition Damac has completed the structure of six further developments -- Emirates Gardens 1 & 2, Smart Heights, Business Tower, XL Tower and Lago Vista, said the company's top official. Damac Properties chairman Hussain Sajwani said that the progress seen in the last 12 months was all the more remarkable given the economic circumstances and financial crisis that had enveloped en·vel·op tr.v. en·vel·oped, en·vel·op·ing, en·vel·ops 1. To enclose or encase completely with or as if with a covering: "Accompanying the darkness, a stillness envelops the city" the world. A total of seven contracts have been awarded since May with at least four more to be confirmed before the end of 2009. Those awarded so far include piling and enabling works at Marina Bay Marina Bay may refer to the following places: In Gibraltar
 thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. ; piling works at Burjside Boulevard
in Dubai and enabling works at the Piazza in Qatar and at Surburbia in
Downtown Jebel Ali Jebel Ali (جبل علي in Arabic) (also sometime written "Mina Jabal Ali") is a port ("Mina" in Arabic) town, located thirty-five kilometres southwest of the city of Dubai in the United Arab Emirates. .
On the construction side, the company's two flagship properties in Dubai continue at pace with Ocean Heights at Dubai Marina This article or section contains information about expected future buildings or structures. Some or all of this information may be speculative, and the content may change as building construction begins. having reached 72 floors and Park Towers at DIFC DIFC Dubai International Financial Centre expected to reach the top floor this month. "It is important for us to come to Cityscape and demonstrate to people that we have continued to move forward and that in spite of some severe challenges that we are focused and committed to construction and delivery,' Sajwani remarked. 'We have had to make some tough business decisions and learned some harsh lessons in the last year but we have taken all these steps with a view towards ensuring that the company can move forward.' 'We have continued to award contracts and make progress at our main sites and whilst we have reviewed our construction plans we have not cancelled any projects in Dubai which is testament to the strength and solidity so·lid·i·ty n. 1. The condition or property of being solid. 2. Soundness of mind, moral character, or finances. Noun 1. of this business.' Sajwani also credited the continued successful progress made by Damac Properties during the year as being down to a co-ordinated and holistic view of the company's overall position. He pinpointed the company's recovery programme -- where customers were offered the chance to switch their investment in an off plan development to one that was almost ready or well under construction as being pivotal to this. 'It was very important that we adapted to this rapidly changing market place and this meant looking at the changing circumstances of our customers as well,' he added. 'Our Recovery Programme has given people the chance to realise their investment sooner than they had hoped. They can start receiving a rental income Noun 1. rental income - income received from rental properties income - the financial gain (earned or unearned) accruing over a given period of time or even trade in the second hard market which is much more buoyant Buoyant The term used to describe a commodities market where the prices generally rise with ease when there are considerable signals of strength. Notes: These types of markets can be very volatile as the prices are rapid to rise and fall with investor sentiment. than the off plan market now and is likely to continue in this way for the foreseeable future,' he pointed out. Sajwani said 'the eyes of the world would be on Cityscape in 2009 as it was important to look forward and not focus on an era of rapid real estate growth that had gone forever.' 'At last year's event I was asked many times whether the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. would be immune from the crisis that had already taken a firm hold of the US and Europe by then and I responded that we could not expect to be unaffected -- but how we reacted that would be important,' he remarked. 'This has not been an easy year for any developer but I feel happy in what we have still achieved in delivering units to customers and planning for the future in a coordinated and effective manner. We are continuing to award contracts for new developments and we are working closely with our contractors on site to meet deadlines and deliver our promise of 25 towers by the end of 2011,' he added. Currently Damac has 11,313 units under construction and has delivered 3,029. By the end of next year the company is expected to hand over a further 7,100 units across the GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). region.- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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