Damac Properties Launches New Commercial Sales Division

December 18, 2005 (PRLEAP.COM) Business News
The UAE’s largest private developer, DAMAC Properties, announces today the launch of a new commercial sales division, with the objective of catering to the needs of its ever expanding customer base and the substantial demand for DAMAC’s retail and office spaces.

DAMAC’s property portfolio comprises over 20 iconic developments. A substantial number of DAMAC’s towers include retail that needs to be marketed through a dedicated workforce. The new division will be located at the company’s sales office at the Dubai International Financial Centre.

“As we plan to grow further, the need for a specialized commercial sales team has become increasingly vital. We are planning to invest in a number of commercial ventures in the future, and we believe that this strategic move is quite relevant at this point in time,“ said Peter Riddoch, CEO at DAMAC Properties.

He added: “Today, we are the largest private developer in the UAE. We have recently expanded beyond the United Arab Emirates and plan to grow our business further. Whilst we believe that dedication to our customers is of utmost importance, having specialized teams to deal with customers is the only way forward to sustain our growth and competitiveness in the industry.”

He reiterated: “The dedicated commercial division is made up of highly qualified sales executives and managers that are entrusted in the marketing of all DAMAC’s commercial developments inside an outside of the UAE.”

DAMAC recently launched the first freehold office tower within the Dubai Technology and Media Free Zone (TECOM), Executive Heights, and will undoubtedly introduce a number of freehold office towers into the market within the near future.

The total value of DAMAC Properties’ projects is over AED 10 Billion. It is a subsidiary of DAMAC Holding, an accredited ISO 9002 company that has grown into a global conglomerate with more than 5000 employees in 16 countries. Being the first private developer to make a commitment to Dubai’s real estate market, DAMAC properties has become a market leader with a strong sales record to its credit.