DAMAC Properties Lays Down Foundation for Lake View
DAMAC Properties, has laid down the foundation for its second project at Jumeirah Lake Towers, Lake View. Around 5,000 cubic meters of concrete were poured into the site, signaling the start of the construction of the 40-storey tower.
Dubai, UAE (PRWEB) January 10, 2006
Leading luxury lifestyle provider, DAMAC Properties, has laid down the foundation for its second project at Jumeirah Lake Towers, Lake View. Around 5,000 cubic meters of concrete were poured into the site, signaling the start of the construction of the 40-storey tower.
Lake View is an exclusive tower featuring 496 studio, one and two bedroom apartments with waterfront views of the surrounding lake. Centrally located at the Jumeirah Lake Towers on Sheikh Zayed Road, each apartment looks out over the neighboring islands, landscaped gardens, and promenades. The complex offers restaurants, retail outlets and children's crèche, a huge infinity swimming pool, fully equipped gymnasium, and health facilities.
“Today’s step marks the continuation of DAMAC’s commitment to its customers. By laying the foundation for the tower, we are proceeding on schedule and plan to deliver the final tower on time,” commented Peter Riddoch, CEO at DAMAC Properties.
Lake View is one of two towers that DAMAC is developing at the Jumeirah Lake Towers development, the other tower being Lake Terrace. The company was one of the first developers to announce projects in all the master planned freehold communities in Dubai.
“DAMAC Properties is a firm believer in the vision of Dubai. Our projects are designed to cater to the growing number of sophisticated individuals that are making Dubai their home. We are working with international and regional architects to develop concepts that blend in with the economic growth and culture of Dubai,” added Riddoch.
Lake View is part of the 38-tower lakeside community that features residential and commercial towers.
2005 has been an incredible year for DAMAC Properties with the launch of Ocean Heights, an 82-storey stunning development in Dubai Marina, Executive Heights, the company’s first solely commercial tower; The Crescent, the first residential development at the International Media Production Zone, and the launch of DAMAC’s commercial division that handles sales for retail and commercial spaces offered in all DAMAC’s properties.
DAMAC also signed MoUs with Mashreqbank and Abu Dhabi Commercial Bank to provide home loans to buyers within DAMAC’s properties.
The total value of DAMAC Properties’ projects is over AED 10 Billion. It is a subsidiary of 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 the real estate market, DAMAC Properties has become the market leader with a strong sales record to its credit.
###
