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Saturday, 22 November 2008 19:42 UAE time

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Damac reaches a new low

by ArabianBusiness.com staff writer  on Saturday, 10 March 2007

Damac Properties will make its first foray into the low-rise residential market with the launch of a new project located within the Jumeirah Golf Estates this month.

"We will soon launch our first villa development in Dubai. We have bought almost 200 plots from Jumeirah Golf Estates and the design is at an advanced stage. We will launch the first 123 plots during March," said Peter Riddoch, CEO, Damac Properties.

Two Californian architects and one Tunisian architect are working on the design of the concept, added Riddoch.

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The Jumeirah Golf Estates is a residential golfing community featuring four courses designed by golfers Greg Norman, Sergio Garcia and Vijay Singh, among others.

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  1. $60bn Ajman city project could be delayed 1
    22 Nov ' 08 at 10:55
    Investing in Ajman is a bad idea all together. This coming from a person who has flats and a house in Ajman. We had a contract with the...  More »
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