Luxury lifestyle provider Damac Properties is nearing completion of its Lake View project at Jumeirah Lake Towers and residents are expected to start moving in by December.

Customers have started inspections of their apartments, comprising a range of studio, one and two bedroom apartments and a number of loft style apartments and stunning penthouses, said an official.

The building is entirely sold out and the residents are now being given the first look inside their completed new homes.

Lake View is the second of Damac Properties’ towers at JLT to be completed following the handover of 571 units at its nearby Lake Terrace development in May.

Lake View offers residents a prime position at JLT with magnificent views of the community lakes, the Dubai Marina and the sea.

The 40-storey tower also has a mixed retail offering and will also benefit from the retail provided by the Lakeside promenade when it is completed and is located within a short walk of the new metro train station.

Peter Riddoch, CEO of Damac Properties said the completion of Lake View was a significant achievement for the company in 2008 and a further step towards the company’s aim of continued progress and delivery in 2009.

“It is not just exciting for customers to come and see their completed apartments, - it is exciting for us as a  company too,’ he said.

‘We take these inspections very seriously and know that it is important to customers that everything is as close to perfect as possible when they move in. These inspections provide us with an opportunity to fulfill that wish for a customer and give them the best start possible in their new home.’

2008 has been the ‘Year of Construction’ at Damac Properties, during which its businesses have aggressively focused on construction and contract delivery to trusted and quality contractors.

An impressive Dh2.5billion worth of contracts have been awarded in the first nine months of 2008.

Damac Properties is expected to hand over approximately a further 7,100 units in 2009/10 across the GCC region.

"Damac is finishing the year in a strong position – delivering on its promises and making sure that plans are well in place to continue in this vein in 2009, Riddoch said.

"We are so pleased to see our Lake View tower now almost completed and know that our customers are eagerly anticipating receiving the keys to their new apartments. We look forward to seeing the first residents move in by December," he added.-TradeArabia News Service