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Damac to hand over units in 2010

By Staff Writer
Damac Properties has announced that 2010 will be the year of handovers – with more than six projects due to be completed in Dubai during the next 12 months.

Among those to be handed over are two phases of the company’s Emirates Gardens development and Tuscan Residences at Jumeirah Village South, Lago Vista at IMPZ, XL Tower and Business Tower at Business Bay and Smart Heights at Tecom.

The six projects together offer a mix of both residential and commercial units – with more than 3,000 new units due to be delivered this year.

The handover follows the tremendous construction progress achieved in 2009, which was the year of construction at Damac, said the statement.

“It is expected that Ocean Heights – the company’s 84 storey flagship development at Dubai Marina – will also be complete by the end of the year which would round off a potentially great year for the company,” said Damac Chairman Hussain Sajwani in a statement.

“The awarding of new contracts is all part of our overall strategy to ensure that there is business continuity and activity at a variety of levels within the company’s portfolio of developments,” said the company’s chairman.