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DAMAC Properties announces the biggest promotion |
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DAMAC Properties announces the biggest promotion exceeding AED 90 million for DSF 2008- Lucky winners to get a private Island and a Jet plane
- Luxury car: Bentley or BMW with every apartment
Dubai, UAE, 20th January, 2008: In line with providing the most extravagant and unique promotions during the Dubai Shopping Festival (DSF), DAMAC Properties – the luxury lifestyle provider and the region’s leading private sector master developer – today unveiled the largest and the most exclusive promotion worth AED 90 million during DSF 2008.The promotion comprises a mega raffle prize with a private Island worth AED 1 million and a grand raffle prize with a brand new ECLIPSE 500 Private Jet worth AED 5.5 million. Every property bought during DSF entitles the customer a chance to win either the private Island or a Jet plane. The property developer also announces a Bentley or BMW with every apartment brought during DSF 2008. Speaking at the Press Conference to announce DAMAC’s DSF promotion, Hussain Sajwani, Chairman of DAMAC Properties, said: “With mega entertainment events and exciting offers, DSF 2008 is celebrating its 13thedition and we are privileged to be a prominent ‘’support sponsor” for an event which has grown bigger and exciting each year. Last year it was just a Jet plane, this year we have added a private Island at the beautiful and serene Caribbean Sea. The Pelican Caye Island is the one of the few private islands on the Turneffe Atoll and is perfect for a personal estate.”
“Over and above that, every customer gets a Luxury car. A Bentley Continental comes free with every Signature Duplex and Penthouse, a BMW 1 series with a studio, or one bedroom apartment or office /retail unit and a BMW 3 series with a 2 bedroom apartment or above, added Hussain Sajwani.
Speaking on the occasion, Peter Riddoch, CEO, DAMAC Properties, said, “According to reports the event expects to attract around 3.5 m visitors this year. This festive season which runs from Jan 24 to Feb 24 gives us the opportunity to reinforce our commitment to our esteemed customers and creates a perfect forum for us to build awareness and increase sales.
Press Release
Ibrahim Saleh, COO of the DSF Organising Committee, said, “DSF promotions are designed to make each consumer feel special and provide them with a truly rewarding experience where each one of them gets a chance to participate and emerge as a winner. With the current property boom in the region and with these unique promotions designed by luxury developers like DAMAC Properties, we are positive about the festival attracting and getting recognition at a global level”.
The Pelican Caye Island is within a 5 minute boat ride of the privately owned airstrip on Blackbird Caye and lies one mile south of Turneffe Flats resort. The combination of world class resort, fishing and excellent scuba diving opportunities, literally within walking distance of this island, makes Pelican Caye one of the most unique opportunities in the Caribbean.
Over 110 nationalities have brought properties in DAMAC Properties and effective support services are provided by the property developer. The company’s comprehensive customer care program provides solutions through its vast regional network with offices in the UK (London, Manchester), Ireland, UAE, Iran, Russia, Italy, Jordan, Saudi Arabia, Lebanon, Egypt and Qatar.
DAMAC Properties won two prestigious awards at the recent CNBC Arabian Property Awards 2007 - for the top property developer received the ‘Best High Rise Development’ award for ‘La Residence at the Lotus’ and the ‘Best Website’ award for the company’s revamped website – www.damacproperties.com. DAMAC’s La Residence at the Lotus in Business Bay Dubai has won the Best International High Rise Development Award that was held at Las Vegas recently.
Peter Riddoch pictured with Ibrahim Saleh from the DSF
Further information is available at www.overseas-property-development.com |
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New Thailand visa rules confirmed |
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PHUKET: New rules limiting stays in Thailand on “visas on arrival” to 90 days over any six month period were confirmed at a September 15 meeting of Immigration Department Chiefs in Bangkok. The new policy will go into effect on October 1.
In a related development, the Royal Thai Consulate in Penang, Malaysia, has stopped issuing double-entry tourist visas.
Pol Lt Col Pipat Pongpan, an Inspector at Phuket Immigration Office, told the Gazette, “Anyone who has already stayed 90 days on visa-on-arrival permits does not need to worry. We will start counting the days from October 1.
“[Foreigners from countries qualifying for visas on arrival] can come in and out of the country as many times as they like with a visa on arrival, but can stay for a maximum of 90 days in any six month period. If they stay 90 days then they must leave for 90 days before they are entitled to another visa on arrival. They can, however, go and request a tourist visa from a Royal Thai Embassy or Consulate abroad and come back into the country,” he said.
“Extensions above the 90-day limit may be granted in exceptional cases, such as if the tourist is suffering from an illness or involved in a lawsuit,” he added.
“No new investment visas will be issued after October 1. However, existing visas in this category may be extended if the holder still has funds of 3 million baht and is still doing business in Thailand,” Col Pipat said.
Tourist visas are still available, for a fee, at Thai embassies and consulates in neighboring countries. The Royal Thai Consulate in Penang, however, will now issue only single-entry 60-day tourist visas. An official at the consulate said that an order had been sent down from Consul Pramote Pramoonsab to cease issuance of double-entry tourist visas, which allow a total stay of up to 120 days.
Double-entry tourist visas are at present still available in the Thai Consulate in Kota Bharu and Thai Embassy in Kuala Lumpur, however.
A source in the Visa and Travel Document Division, Department of Consular Affairs, Ministry of Foreign Affairs (MFA), said that the move by the consulate in Penang is not due to any sweeping changes in MFA policy.
The decision whether or not to issue double-entry tourist visas rests solely at the discretion of each diplomatic mission, the source explained.
Phuket Gazette 2006-09-21 |
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Developers move towards rentals |
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Additional income stream will provide more stability, say Metrostar and Sena Development Two property firms held press conferences in Bangkok yesterday to deliver a very similar message: both are moving away from selling residential properties and into projects that will generate rental income. The companies, Metrostar Property Plc and Sena Development Plc, blamed unpredictable economic conditions for their move to retail and office buildings, apartments, serviced apartments and hotels. Metrostar Property Plc said it will invest Bt4.6 billion in an integrated project on Sathorn Road called "Metro Sathorn Tower". It will include an office building, serviced apartments, condominiums, a shopping centre and a sports complex. Its finished value will be Bt5.8 billion. |
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Condo sales up for Plus Property in first half |
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Plus Property Partners Co Ltd revised its revenue target for the year upwards to Bt3.1 billion, from Bt3 billion previously, thanks to the first-half success of its new condominium projects offering units priced from Bt1 million to Bt3 million. Of the Bt3.1-billion revenue target, Bt2.7 billion is expected to come from property projects, including condominiums and detached houses, and Bt400 million from management and brokerage fees. The company provides property-management services for 106 projects, including condominiums, office buildings and residences. |
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New "visas on arrival" policy |
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PHUKET: -- Phuket’s Immigration Chief has confirmed that Thailand will crack down on foreigners working illegally in the country by ending its policy of issuing an unlimited number of consecutive “visas on arrival” – tourist visas that allow the holder to stay a maximum of 15 or 30 days
The crackdown is intended to stop foreigners – typically bar owners and other small businessmen without work permits – from using the visas to stay in the country indefinitely while working illegally.
Pol Col Bunphot Kongkrachan, Acting Superintendent of Phuket Immigration Office, told the Gazette that, from October 1, onward Immigration checkpoints around the country will limit to three the number of consecutive visas on arrival they will grant a single visitor.
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Electricity bills to rise 3.19% on higher cost. |
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By: YUTHANA PRAIWANC Consumers' power bills will rise by 3.19% following the approval of an increase of 9.60 satang per unit (kilowatt-hour) in the Ft rate despite opposition from consumer groups. Combined with the 75.84-satang Ft imposed between February and May, the Ft from June to September will total 85.44 satang per unit. Following the endorsement by the Electricity Regulatory Board yesterday, the basic electricity tariff will be 3.1044 baht per unit. Yongyuth Vichaidit, the chairman of the board, said the decision to raise the Ft rate reflected the higher cost of fuel used in electricity generation in line with rising global oil prices |
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