DAMACs La Residence at the Lotus wins Awards (UAE)

Continuing with the success story, luxury lifestyle provider and the region's leading private sector master developer, DAMAC Properties, has won the coveted Best International High Rise Development and Best International Website recognitions at the International Property Awards held in Las Vegas.

La Residence at the Lotus.

The International Property Awards ceremony, held in association with CNBC, was organized at the renowned Bellagio Hotel in Las Vegas on November 16, 2007. The awards, now in its 13th year, are the biggest of its kind in the world. With entries from a record 56 countries, the awards are supported by five media partners, nine professional bodies and the New York Times Company – a leading media organization.

DAMAC Properties had won the Best High Rise Development and Best Website at the CNBC Arabian Property Awards 2007 held in Dubai in October.

Commenting on the award, Hussain Sajwani, Chairman of DAMAC Holding, said: "We have emerged as a leading property developer over the years and this coveted recognition is a testimony to our growth. The two important awards, won amidst very high competition from around the globe, are a reflection of our firm adherence in providing exclusive properties and creating a professionally-designed and user-friendly website."

He added: "Awards of these natures uplift our position and enable us to be recognised and appreciated by the global audience. These awards also help us leverage our products effectively among consumers who are becoming increasingly well informed and discerning about the properties they seek to buy."

La Residence at the Lotus is a spectacular 58-storeyed development located at Business Bay-often referred to as the Manhattan of the Middle East. The architectural design of the property is inspired by the petals of the Lotus flower. La Residence has 1, 2 and 3 bedroom apartments, with each master bedroom having a private spa-bath, thoughtfully planned space and utilities, tastefully chosen furniture and joinery and elegantly designed interiors.

Peter Riddoch, CEO of DAMAC Properties, said "We are thankful for the prestigious recognition from the International Property Awards for our 'La Residence' development and the DAMAC website. The La Residence project, has witnessed impressive sales considering its unique design and strategic location. Similarly, our website is specifically designed to meet the needs of our global customers and is a comprehensive treasure trove of information of our iconic developments."

DAMAC Properties' new and easy-to-navigate website has newly added features like online buying, continuous construction updates and addition of a new language – Russian.

DAMAC Properties are pursing projects in the UAE, the Kingdom of Saudi Arabia, Egypt, Qatar, Jordan, and Lebanon with future schemes being considered in Turkey, Oman, Morocco, Tunisia, India and Pakistan. These projects represent significant progress in the company's plans for targeted growth over the coming years.

Source: Property World

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