Construction News
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Damac wins ‘Property Developer of the Year’ award

19-09-2019

Damac Properties, a leading luxury real estate developer in the region, said it has been recently awarded the ‘Property Developer of the Year UAE 2019’ at the International Business Magazine Awards.  

The year started strong for Damac with deliveries of 1,500 units in the first half, and over Dh480 million ($131 million) worth of contracts awarded, said the company in a statement.

Along with the handovers at Ghalia, its first Sharia-compliant development, Damac also initiated handovers for the Claret cluster at Akoya.

In 2018, the Dubai developer had delivered a record 4,100 units, and are looking to beat that record this year, it added.

On the win, senior vice-president Niall McLoughlin said: "Congratulations to the entire Damac team, our agents, and all those who have been instrumental to our continued success. Our customer-centric and innovative approach to real estate is the foundation of our growth story."

"I am confident that this recognition will further fuel the enthusiasm of the entire group as we head into the future," he stated.

Trishna Das, the chief editor of International Business Magazine, said: "There is no stopping this juggernaut of real estate in the UAE, as Damac is becoming the very heart and soul of luxury living in the UAE."

"Branching out to the rest of the whole, prospective buyers and real estate investors can now experience first-hand the dazzling splendour of properties like Akoya in their own states," she added.

The International Business Magazine Award has been set up to recognise exceptional work globally and across industry sectors.-TradeArabia News Service




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