Damac's Crescent project is nearing completion

Damac Properties announced yesterday that The Crescent, its first project to be completed at the International Media and Production Zone in Dubai, is now nearing completion. The Crescent is a three-tower development located near the Emirates Road with occupancy due in December.

CEO of Damac Properties Peter Riddoch said: "We are delighted to see The Crescent entering this final stage and feel sure 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.

"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."

Around Dh2.5 billion worth of contracts have been awarded in the first nine months of 2008, according to the developer. The company says it is making good progress at all its major developments.

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