DAMAC Properties Completes First Development in Abu Dhabi

Marina Bay Offers Luxury Living in UAE Capital

DAMAC Properties, the Middle East's leading luxury developer, has completed the luxury mixed-use tower Marina Bay; its first project to be completed in Abu Dhabi, United Arab Emirates.

The completion certificate has been received and DAMAC Properties will now begin handing over the 24-storey tower which has exquisite views of the canal that connects the entire development.

Marina Bay is a high-end waterfront development on Al Reem Island offering luxurious residential, retail and commercial space. The tower includes one, two and three bedroom apartments as well as retail and commercial space along the ground and mezzanine levels.

"This is another big milestone for DAMAC Properties," said Niall McLoughlin, Senior Vice President of DAMAC Properties. "Completing on our first project in Abu Dhabi is a big step for the company as we continue to expand our portfolio of completed projects across the GCC."

"Marina Bay is a hugely anticipated project and we feel sure customers will be delighted with the high quality finish and refined luxury they have come to expect from DAMAC Properties. Our customer relationship team will be working closely with our clients in the coming weeks to ensure a smooth transition into their new home," added McLoughlin.

The leisure facilities at Marina Bay include a temperature-controlled swimming pool, a high-tech gymnasium and a relaxing day-spa which includes a steam room, sauna and massage facilities.

The current market situation creates an outstanding medium to long term strategy for investors. We have been delighted with the response and there remain just a few units left at Marina Bay, highlighting the demand for high quality luxury apartments and commercial locations in Abu Dhabi," said McLoughlin.

The sales office and show flat at Marina Bay is now open and available for meetings and presentations from the DAMAC Properties sales consultants.

DAMAC Properties is also making strong progress with a number of other properties. Burjside Boulevard, the luxury hotel apartments in the Burj Area of Dubai is on target to complete in the first quarter of 2013, while the foundation raft of the DAMAC Tower in Beirut, Lebanon was completed last month and the show homes at Al Jawharah in Jeddah, KSA and in The Residences at Business Central in Dubai are now opening.

DAMAC Properties has projects either completed or under construction in Dubai, Abu Dhabi, the Kingdom of Saudi Arabia, Jordan, Lebanon, Qatar and Egypt.