Damac at London’s global property awards
Dubai, November 30, 2011
UAE-based luxury developer Damac Properties will represent Arabia next month in London at the world’s most prestigious real estate competition, the International Property Awards.
The UAE-based developer will represent the Arabian region in the categories of ‘Best Mixed-Use Development’ and ‘Best High-Rise Architecture’ with its ‘Park Towers’ development in the DIFC.
The advancement to the global awards ceremony follows a string of regional accolades at the Arabian Property Awards, held at the world’s only seven-star hotel, The Burj Al Arab.
“At Damac Properties we are thrilled to be representing the Arabian region on a global stage at the most highly recognised and distinguished property awards in the world,” said Niall Mc Loughlin, senior vice president of Damac Properties.
“The property sector in this region has drawn its share of criticism over the past two years, and representation by a large UAE developer in these highly acclaimed international awards sends a strong signal that the real estate market in the UAE is still strong, vibrant and thriving,” he added.
Damac Properties ‘Park Towers’ development in the DIFC received a total of three Arabian Property Awards in the categories of ‘Best High Rise Architecture,’ ‘Best Mixed-Use Development,’ and ‘Best Commercial High Rise Development.’
The developer also received a gold five-star award for ‘Best High-Rise Architecture’ for its luxury ‘Al Jawharah’ tower in Saudi Arabia.
“We entered our Park Towers development in three categories and won in every division. For this project to also progress to the international awards in London, in two separate categories, is a major endorsement in the quality and standard of development being carried out by Damac Properties,” Mc Loughlin said.
The unique architectural design is the stand-out feature of the award winning development in the DIFC. The twin elliptical shaped towers change shape as they rise, with no two floor plates the same. The towers’ form expands from the base, with the maximum floor plates achieved at the mid-point, before receding until they reach the crest.
Triangular, energy-reducing, solar glass panels comprise the external facade. Every panel is a different size, which essentially created a giant 3D puzzle, which needed to be solved with highly complex computer modelling and controlled fabrication.
“This is the sixth consecutive year that Damac Properties has been successful in the Arabian Property Awards, and the second year in a row that we have represented the region in the international competition. Awards such as these reaffirm our position as one of the leading regional developers, and one of the most highly regarded developers in the world” said Niall Mc Loughlin.
Damac Properties will now attend the international finals at the Savoy Hotel in London on December 12. – TradeArabia News Service
More Construction & Real Estate Stories
- Bahrain launches project for 4,500 homes
- Qatari group unveils $823m giant mall project
- Tecom announces new operational structure
- Better Homes releases property guides
- Drake & Scull clinches $461m Saudi contract
- Obayashi-HBK venture wins Doha project deal
- Bahrain halts digging at housing project site
- Strike won't affect projects says Arabtec
- Bahrain cuts new property registration cost
- IPIC to use $4bn pipeline payment to repay debt