Damac Properties Stresses Timely Delivery Of Projects

Dubai: Damac Properties has awarded contracts worth about Dh2.5 billion in the first nine months of 2008, reinforcing its commitment to timely delivery of projects amid growing public concerns over chronic delays that have plagued the UAE's real estate market. From initial consultants through to enabling and main contractors, the company has awarded more than 60 contracts in the first nine months of the year - showing that it means business when it comes to delivery," the company said in a statement

So far approximately Dh2.1 billion worth of contracts has been awarded by Damac Properties in Dubai, Dh45 million in projects in Abu Dhabi and a total of Dh320 million in projects by Damac International in Qatar and Jordan. Chief Executive Peter Riddoch said he believed that this continued progress sent out a clear message to customers and was indicative of Damac Properties' determination to deliver luxury products to its customers.