Business | Property
Damac's The Crescent project nears completion
Dubai-based developer Damac Properties yesterday said it is nearing the completion of The Crescent, its first project to be finished at the International Media and Production Zone in Dubai.
- Staff Report
- Published: 23:15 November 19, 2008
Dubai: Dubai-based developer Damac Properties yesterday said it is nearing the completion of The Crescent, its first project to be finished at the International Media and Production Zone in Dubai.
"Customers are now undertaking final inspections of their apartments with around ten per cent already completed," the company said in a statement.
"These have been co-ordinated by the Damac Properties Customer Relations Management team."
The Crescent is a three tower development located near the Emirates Road and customer occupancy is due in December.
"The completion of The Crescent follows hot on the heels of Damac Properties finishing its Lake View project - the company's second tower to be completed in Jumeirah Lake Towers. Customers are also expected to move into this building next month," it said.
Combining access to the Emirates Road with a setting of green landscaping, The Crescent comprises studio, one and two bedroom apartments and is entirely sold out.
Thanks to an innovative floor plan all apartments have views of the surrounding landscape.
CEO of Damac Properties Peter Riddoch said, "We are delighted to see The Crescent entering this final stage and feel sure the residents will be as pleased as we are to see their apartments are nearly ready.
"This is a significant step for Damac Properties - marking the first of our projects to be completed at IMPZ and also contributing to the double achievement of two of our properties being finished within weeks of each other.
Discovery Gardens
"We are looking forward to seeing the first residents move in and intend to continue this focus on delivery at the third of our properties - Terra Del Sol - which is also due for completion at Discovery Gardens by the end of this year," he added.
Damac awarded Dh2.5 billion worth of contracts in the first nine months of 2008.
The company awarded over 60 contracts in that period.
The Crescent is a three tower development located near the Emirates Road and customer occupancy is due in December.
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