DAMAC Properties Move Forward with Second Abdali Based Project.

Summary: DAMAC Properties -- the luxury lifestyle provider and the Middle East's largest private sector master developer -- has announced the start of construction works at ''The Lofts'', DAMAC's second Abdali Based Project.

DAMAC Properties Move Forward with Second Abdali Based Project '' The Lofts''

DAMAC Properties -- the luxury lifestyle provider and the Middle East's largest private sector master developer -- has announced the start of construction works at ''The Lofts'', DAMAC's second Abdali Based Project.

Construction work has commenced following the awarding of the JD 53,000,000 contract to ARABTEC-EEC JV.

The Tower Raft reinforcements and concrete works have already been completed and the foundations have been finished for the remaining areas of the construction. The construction works for The Lofts and The Heights will be completed by the end of the year 2010.

DAMAC Properties introduced ''The Lofts" project following the success of ''The Heights'', Jordan's first iconic residential high rise and DAMAC'S first project in Amman.

The Lofts is an 8-storey residential development, offering customers a number of highly luxurious studios, one and two bedrooms apartments. Residents are buying into unique homes featuring high ceilings and wide open spaces that exude an elegant style and sense of freedom. For customers making The Lofts their new place of residence, they will also enjoy a luxury lifestyle unrivaled within the Jordanian capital. They will have access to all the amenities such as a state of the art swimming pool, gym, sauna, steam room, aerobics hall, as well as concierge service, ample parking space and 24 hours maintenance and security.

"We are very pleased with the interest we saw at The Heights and now at "The Lofts". They are set to be a one-of-a-kind residential project positioned to respond to the extremely high demand for high end apartments in Amman", said Peter Riddoch, CEO at DAMAC Properties.

Customers in Amman expressed great interest towards DAMAC's first project "The Heights", A 32-storey tower located at the entrance of the Abdali master planned development, it encompasses studio, one, two and three bedroom apartments, and penthouses, including open-air balconies in every apartment. Its luxury amenities comprise quality marble and wooden floorings, smart home technology, ample parking space, 24 hours concierge and helpdesk services, an advanced cabling system for telephone and internet lines, as well as a standby power generator.

Driven by a passion for excellence, luxury and determination to delivers homes to its customers as quickly as possible, the company is working closely with contractors and providing the necessary support mechanism to deliver quality and timely completion of projects. The company will deliver 2300 units in 2008 and a further 7100 units by 2010.

DAMAC Properties manage all their projects from start to finish, the company's diverse range of expertise allows them to control land purchase activity, appointment of architects and designers, construction and sales and after sales service. In addition to support services provided by their Dubai headquarters, the company's comprehensive Customer Care Program provides solutions through its vast regional network with offices in the UK Italy, UAE, Russia, Jordan, Lebanon, Egypt, KSA and Qatar.

The parent company, DAMAC Holdings, has grown over the years from a specialist catering company established in 1982, into a multi-billion dollar corporation to become one of the largest organizations in the Middle East 2008 Al Bawaba (www.albawaba.com)

2008 Al Bawaba (Albawaba.com)

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