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Old June 18th, 2006, 02:45 AM   #41
Krazy
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No Damac! What are you doing!!

Damac enters China with Dh10b project


Residential and commercial cluster will overlook Tianjin Port.

Dubai: Damac Properties, the UAE's largest private-sector real estate developer, will build a Dh10 billion mix-use project in China's Tanggu District.

This is the first real estate venture by any UAE developer in China.

The residential and commercial cluster will overlook Tianjin Port, where a DP World-led joint venture will invest Dh1.83 billion in the harbour. The project, Damac's single largest venture, takes its total project value to Dh25 billion ($6.8 billion) from Dh15 billion involving 50 buildings housing 7,000 residential units.

Hussain Sajwani, Chairman of Damac, told Gulf News yesterday, "This is the beginning of a number of projects that we are planning in China."

He said, Damac won't require bank finance for the project. "We are going to finance the project from our own resources. This project took us about eight months to finalise."

China allows 100 per cent foreign ownership of land and property, a rule that will help Damac to attract buyers.

"We are going to market this project extensively across our network of offices in 16 countries, including Dubai," he said.

Peter Riddoch, CEO of Damac, signed a MoU with the Zhang Jiaxing, Governor of Tanggu District, Tianjin City, on the project.

Damac's China venture consists of a number of residential towers, along with retail, offices, and a five-star hotel and a marina with a capacity of 100 boats.

Sajwani said, his company will invite a number of international companies to enter into a design bid for the project, which will take a "few years to complete".
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Old June 18th, 2006, 07:47 AM   #42
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at least its in china and not pakistan
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Old June 18th, 2006, 02:58 PM   #43
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what idiots.

well china might like their cheap quality projects.
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Old June 18th, 2006, 07:02 PM   #44
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IF IT'S EVER BUILT
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Old June 20th, 2006, 07:38 PM   #45
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Thanks to Altind for letting us know about this

Damac Properties launches Dubai Summer Surprises 2006 mega promotion


Luxury lifestyle provider, DAMAC Properties has announced its mega-promotion during Dubai Summer Surprises (DSS) 2006 which runs from 21st June until 1st September 2006. Through the promotion, any customer buying select apartments, retail or offices within DAMAC’s iconic properties in Dubai will be offered a free studio apartment within the stunning Lago Vista development located within the International Media Production Zone.

“Following on the considerable success of our Jaguar promotion last January, we reveal today our mega offer during the duration of DSS while aiming to reinforce, once again, our commitment to always add substantial value to the customer”, said Peter Riddoch, CEO at DAMAC Properties. “Throughout the duration of DSS, we are giving customers the chance to own a their dream home within DAMAC’s Lago Vista, a development that the property company started developing after their recent ground breaking ceremony on site within the spectacular International Media Production Zone” he added.

The project is due to house luxurious residential and leisure facilities and will feature a plethora of studio and two bedroom apartments with spectacular views of neighbouring gardens and lakes, which provide an inspiring setting, as well as state of the art facilities, including tennis courts, a swimming pool and health club. The total value of DAMAC Properties’ projects is over $10 billion. It is a real estate subsidiary of Dubai-based DAMAC Holding, an accredited ISO 9002 company that has grown into a global conglomerate with more than 5,000 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.
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Old June 20th, 2006, 07:54 PM   #46
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i bet their projects aren't selling too well.
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Old June 20th, 2006, 08:11 PM   #47
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I find the "Following on the considerable success of our Jaguar promotion last January" statement extremely shameless...
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Old June 20th, 2006, 11:02 PM   #48
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Quote:
Originally Posted by Krazy
I find the "Following on the considerable success of our Jaguar promotion last January" statement extremely shameless...
if their quality of finishes is anything to go by, they probably have very low standards as a company which would explain why they think that Jag promotion was a success
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Old June 21st, 2006, 12:10 PM   #49
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Hilarious. Buy 1, get 1 free. In the best traditions of cheap shops and general hypermarkets.

You do know when they use this tactic? Sure you do. When the product is not wanted or about to be expired.
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Old June 21st, 2006, 06:58 PM   #50
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I've read quite a bit about various development companies and agencies on this forum and I'd just like to know what everyone thinks of Damac? from what I've read on here they just seem to be unable to deliver projects on time, any other thoughts positive or negative. thanks nord
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Old June 21st, 2006, 07:35 PM   #51
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talk to Naz UK
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Old June 21st, 2006, 08:52 PM   #52
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will the damac train ever stop?

DAMAC to launch stunning development through a press conference in July

Luxury lifestyle provider and the Middle East largest property developer, DAMAC Properties, embarked on an ambitious international expansion by launching highly luxurious projects in the GCC and Asia.


The property company is due to introduce a stunning mixed-use project in Amman through a press conference that will be held within the Jordanian capital in the month of July.

The property company is due to introduce a stunning mixed-use project in Amman through a press conference that will be held within the Jordanian capital in the month of July.

In the Levant, the property company announced its intention to launch an AED 550 Million project in Lebanon encompassing 27 stories, including 70 two and three bedroom apartments with state of the art marble and ceramic finishing, ample parking space, a swimming pool, gym, valet parking, as well as 24 hours maintenance and security. Apartments on every level will provide stunning views on the Mediterranean Sea.

Lately, In Qatar, DAMAC introduced The Piazza, a stunning AED1.5 Billion real estate undertaking within the acclaimed fox hills within Doha's freehold Lusail development. The project encompasses 600 studio, one, two, and three bedroom apartments, including residences with lush green gardens on the ground floor. The projects amenities comprise a jogging track, state of the art gym and health club, a juice bar, outdoor swimming pool and children's pool, along with 24 hours maintenance and security.

In China, DAMAC launched an AED 10 Billion real estate undertaking in the country's Tanggu District, Tianjin, to develop an iconic mix-use real estate development in the exquisite Trumpet Bay region. DAMAC's mega real estate undertaking is a 5 Million Squared Feet mixed-use project consisting of a number of iconic residential towers, along with retail, offices, and an elegantly designed exclusive five star hotel. The development will also encompass a stunning marina with a capacity of 100 boats, as well as promenades and landscaped areas.

'Today DAMAC Properties is expanding throughout the GCC and recently Asia, though the mega-project that was recently announced and due to be developed soon in China. Our ultimate aim is to become a major global player, going forward. Accordingly, we are looking at numerous opportunities throughout the world and plan to announce several, highly ambitious projects throughout the spectrum various countries in the future', said Peter Riddoch, CEO at DAMAC Properties.

Recently, DAMAC Properties launched two iconic projects within the Abu Dhabi. Dolphin Towers, a three-tower structure, including 400 one, two, and three bedroom luxury condominiums and 10 exclusive sea facing townhouses, will be located within the stunning Al Raha beach development. Oceanscape, an iconic mixed-use undertaking, including 184 one, two, and three bedroom apartments with state of the art finishing and 8 townhouses, is due to be positioned on the renowned Al Reem Island.

The property company was recently honored with three 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 on 4 November 2005.

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 total value of DAMAC Properties' projects 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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Old June 22nd, 2006, 11:33 PM   #53
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Well, the good thing is that doing stuff in different countries might make it easier for them to sell more units, the bad thing though is, well you know
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Old June 23rd, 2006, 12:23 PM   #54
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The problem with Damac is quite simple (aside from late delivery, poor quality interiors, rushed finishing and poor maintenance): People do not welcome "sales gimmicks" in the same way you would sell toner cartridges or Big Macs! e.g. buy 1 get 1 free offers. The property market is very mature, even in Dubai, and Damac should have learnt a long time ago that ppl will not fall for such bullshit gimmicks when buying property. People want honesty and up-to-date construction schedules... on-time handovers, interior finishes to reflect the glamour of exteriors and above all "trust". Damac have had many chances to put all this right, but for some unknown reason, they simple do not take heed.
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Old June 26th, 2006, 12:21 PM   #55
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I like the tower though





DAMAC Properties unveils ‘la Residence’ in Beirut City Centre

Luxury lifestyle provider, DAMAC Properties, announces its stunning US $150 Million real estate venture “la Residence by Ivana Trump” in the world-renowned Beirut City Center. Located at the prime intersection of Omar Daouk and Fakhreddine streets, the project is due to stand out as one of the most glamorous and luxurious real estate undertakings within the Lebanese capital’s skyline.

International celebrity, Ivana Trump, endorsed and contributed substantially to the project’s iconic design due the synergy between DAMAC Properties as a luxury lifestyle provider and the star’s image as a symbol of opulence and glamour.

Ivana Trump is an award winning, international entrepreneur and an icon who has driven success in her every endeavor from the hotel and casino business to fashion and as a writer. Her keen business savvy, attention to detail and passion for live have inspired legions of admirers around the world who see her as the embodiment of the contemporary luxury lifestyle.
“We are honored to be endorsed by Ivana Trump, a world-renowned celebrity that is considered a symbol of style, glamour and class. Ivana Trump contributed significantly to the design of the tower that is due to illustrate optimum luxury with its stunning architecture, its state of the art amenities, as well as its location at the heart of the dazzling Beirut City Center”, said Peter Riddoch, CEO at DAMAC Properties.

“DAMAC’s launch in downtown Beirut stems from our belief in the prominence of this area as a leading destination for business and tourism from citizens the world over along with its 5000 years of history and considerably rich culture. We have a long-term plan for Lebanon and will introduce a number of highly exciting projects in the near future”, added Riddoch.

La Residence by Ivana Trump is 27-storey, elegantly designed tower that exudes grace and style, including a plethora of one, two, and three bedroom apartments, along with duplexes and penthouses. Apartments on every level will provide stunning views on the Mediterranean Sea

The property’s luxury amenities encompass marble and wooden flooring, ample parking space, a children’s play area, smart home technology, a temperature controlled swimming pool, an exotic sauna and Jacuzzi, state of the art gym, fine dining restaurants, designer boutiques, cafes, as well as 24 hours concierge service, maintenance, security and helpdesk facilities.
Internationally, in the beginning of June, DAMAC launched a $3.5 Billion exquisite mixed-use project within Trumpet Bay region located in the Tanggu District, Tianjin, People’s Republic of china, as well as a $400 Million 14-building spectacular real estate venture within Lusail’s Fox Hills community in Doha. The property company is due to divulge its exquisite property in the new Abdali master plan in Amman, Jordan, at a press conference in July.

The property company was recently honored with three 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 on 4 November 2005.

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 total value of DAMAC Properties’ projects is over US 4 Billion. It is a subsidiary of the DAMAC Holding established in 1982. An accredited ISO 9002 company, DAMAC Holding has now grown into a global conglomerate with more than 5000 employees in 16 countries. Being the first private sector Company to make a commitment to Dubai’s real estate market, DAMAC properties has become the market leader with a strong sales record to its credit.
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Old June 26th, 2006, 01:05 PM   #56
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Old June 26th, 2006, 02:55 PM   #57
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Makes you physically sick doesn't it, just reading such bullshit! Here, Mr Riddoch, put that in your breakfast and eat it.
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Old June 26th, 2006, 03:04 PM   #58
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Damac must have some 30 buildings approved
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Old June 26th, 2006, 03:36 PM   #59
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The above article is in actual fact a watered down version of the original which appeared in the local press...Here it is, in it's full glory:

DAMAC Properties unveils ‘la Residence’ in Beirut City Centre

Luxury lifestyle promiser, DAMAC Properties, announces its stunning US $150 Million real estate venture “la Residence by Ivana Trump” in the world-renowned Beirut City Center. Located at the prime intersection of Omar Daouk and Fakhreddine streets, the project is due to stand out as one of the most glamorous and luxurious real estate undertakings within the Lebanese capital’s skyline.

International celebrity, Ivana Trump, endorsed and contributed substantially to the project’s iconic design due the synergy between DAMAC Properties as a luxury lifestyle provider and the star’s image as a symbol of opulence and glamour. “It’s a wonderful honour to be endorsing such a prestigious project, I particulary liked the pioneering Personal Cooling System DAMAC have engineered, the first of its kind, which I believe they implemented in their beautiful Marina Terrace project.” Said Ivana. It seemed Mrs Trump was referring to the recent bursting pipes incidents.

Ivana Trump is an award winning, international entrepreneur and an icon who has driven success in her every endeavor from the hotel and casino business to fashion and as a writer. Her keen business savvy, attention to detail and passion for live have inspired legions of admirers around the world who see her as the embodiment of the contemporary luxury lifestyle.
“We are honored to be endorsed by Ivana Trump, a world-renowned celebrity that is considered a symbol of style, glamour and class. Ivana Trump contributed significantly to the design of the tower that is due to illustrate optimum luxury with its stunning architecture, its state of the art amenities, as well as its location at the heart of the dazzling Beirut City Center”, said Peter Riddoch, CEO at DAMAC Properties.

We asked Mr Riddoch why in particular Lebanon was chosen for this development:
“DAMAC’s launch in downtown Beirut stems from our belief in the prominence of this area as a leading destination for business and tourism from citizens the world over along with its 5000 years of history and considerably rich culture. We have a long-term plan for Lebanon and will introduce a number of highly exciting projects in the near future”, added Riddoch, “Oh, and being an ex-militia minefield from the civil war, the land was extremely cheap. Well, in fact, free. They were giving it away. No one wanted it, but we were right in there. Never to miss a bargain. Why recently, I bought the entire interior furnishings for Marina Terrace at a closing down IKEA sale.”

La Residence by Ivana Trump is 27-storey, elegantly designed tower that exudes grace and style, including a plethora of one, two, and three bedroom apartments, along with duplexes and penthouses. Apartments on every level will provide stunning views on the Mediterranean Sea

The property’s luxury amenities could well have all the potential of marble and wooden flooring, ample parking space, a children’s play area, smart home technology, a temperature controlled swimming pool, an exotic sauna and Jacuzzi, state of the art gym, fine dining restaurants, designer boutiques, cafes, as well as 24 hours concierge service, maintenance, security and helpdesk facilities. But alas, knowing DAMAC’s past record, it will in actual fact have all the prestige of a 1950’s North of England textile warehouse and decorated with the passion and pride of a 1970’s East London council tower block.

Internationally, in the beginning of June, DAMAC launched a $3.5 Billion exquisite mixed-use project within Trumpet Bay region located in the Tanggu District, Tianjin, People’s Republic of china, as well as a $400 Million 14-building spectacular real estate venture within Lusail’s Fox Hills community in Doha. The property company is due to divulge its exquisite property in the new Abdali master plan in Amman, Jordan, at a press conference in July.

The property company was recently honored with three 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 on 4 November 2005.

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. There’s no real reason given as to why Damac won these awards. A spokesperson at Bentley however did comment about a mysterious 6-figure donation into their trust account the night before the awards announcement.


The total value of DAMAC’s Properties’ projects is over US 4 Billion, which coincidently is the exact number of leaflets the company recently distributed in a mass world-wide mailshot for its spectacular promotion: “Pay for apartment now and be unsure of delivery date, but here, take this Jaguar as consolation in the meantime” We asked 73 year old Akina Akiyonobongo what he thought of the promotion as he picked up the leaflet dropped from an aeroplane in the depths of the sub-Saharan desert, “Its ridiculous that they have spent all this money on 4 billion world-wide leaflets, the people of my village would never be able to afford such luxuries, I can barely find enough food to feed my family of 27. They would have been much better off spending the money on improving the interiors of Marina Terrace, Dubai, I was reading about their appauling state in Construction Weekly..”

DAMAC Properties is a subsidiary of DAMAC Holding established in 1982 (won in a horse-racing bet). An accredited ISO 9002 company, it has now grown into a global conglomerate with more than 5000 employees in 16 countries. Being the first private sector company to make a commitment to Dubai’s real estate market, DAMAC properties has become the market leader with a strong sales record to its credit. We asked Mr Riddoch if he could put an approximate figure on exactly how many apartments in total they had sold in Dubai, to which he paused briefly, began counting on the fingers of one hand… and then replied “A few. Definitely a few. Maybe even more than a few, who knows? Do you know? Coz I don’t know…” We were interrupted by his mobile phone, a Mrs Madamoseille Whorehousen on the line, it seems he was organising a party of some sort. We then pressed Mr Riddoch further if he could clarify exactly how many projects they had actually completed in Dubai to which Mr Riddoch replied, “All of them. Yes. All done. No wait, some are not yet complete. But we are announcing a few more later this week. Then some more new ones next week, which even I don’t know about yet. Yes. So a few have been completed. “Can you be a bit more precise Mr Riddoch, please?”, we questioned. “One. We have only completed one. But the damn pipes keep bursting. We’re sorting it out now.”
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Last edited by Naz UK; June 26th, 2006 at 03:48 PM.
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Old June 26th, 2006, 03:45 PM   #60
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ha ha ha ha well done, DAMAC are giving Nakheel a run for their money as the worst developer in Duabi
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