By Andy Sambidge
Dubai property giant is latest corporate entity to buy naming rights to stations on the Dubai Metro network
Dubai developer Damac Properties has become the latest corporate entity to buy naming rights to stations on the Dubai Metro network.
The Roads and Transport Authority (RTA) said the property company has signed an agreement to put its name to the Dubai Marina station on the Red Line.
Abdullah Yousef, CEO of RTA Rail Agency, said: "Such a move is a testament to the success of the Naming Rights Project, which has captured the attention of the key businesses in the UAE.
"The Damac station is characterized by several geographical features including its strategic and touristic location in Dubai, as it serves around 100,000 people in Dubai, besides being an intersection station with the Dubai Tramway when it opens later in November," he added.
Hussain Sajwani, chairman and CEO of Damac, said: "The Dubai metro has proved to be a model for the success of mass transit systems in the Emirate, and we pride ourselves on renaming the Dubai Marina station as Damac Station.
"Four of our projects - the Marina Terrace, the Waves, Ocean Heights and Damac Heights - are a short distance from the Damac station."
Other stations named after private or public firms on both the Red and Green Lines include Mall of the Emirates, Deira City Centre, Etisalat, Gulf General Investment Company (GGICO), Sharaf DG, First Gulf Bank, Nakheel, The Palm Deira, Nakheel Harbour & Tower, Dubai Airport Free Zone, Noor Islamic Bank, Burjuman Center, and Danube Company.