Dubai Marina metro station renamed Damac station
The Dubai Marina station on Dubai Metro’s Red Line is being remaed Damac station, the Roads and Transport Authority’s (RTA) has announced.
Damac Properties has joined the authority's naming rights project, which has generated a large amount of revenue for the RTA, shortly after it was revealed that Al Karama station will now be known as ADCB station as Abu Dhabi Commercial Bank purchased the right to rename it.
Gulf News reports that the latest agreement was signed on behalf of the RTA by Abdullah Yousuf, CEO of the Rail Agency, and on behalf of Damac by Hussain Sajwani, Chairman and CEO of Damac Properties, in the presence of Abdul Mohsin Ebrahim Younes, CEO of RTA’s Strategy and Corporate Governance Sector.
Damac station is a connecting station with the Dubai Tramway, due to open in November this year, and is near four Damac Properties: Marina Terrace, the Waves, Ocean Heights and Damac Heights.
Fourteen private and public firms have joined the Metro bandwagon including Mall of the Emirates, Deira City Centre, etisalat, Gulf General Investment Company (GGICO), Sharaf DG, First Gulf Bank, Nakheel, The Palm Deira, Nakheel Harbour & Tower, Dubai Airport Free Zone, Noor Bank, BurJuman Centre, and Danube company.