Mumbai, Maharashtra, India:
DAMAC Properties, the largest private developer of luxury real estate in
the Middle East, is beginning a two-day road show in Delhi and Mumbai to
showcase the latest luxury living in Dubai.
Luxury Villas and Mansions 'AKOYA by DAMAC' (Photo: Business Wire)
The company has just announced the launch of the first phase of sales
for luxury villas within the ‘AKOYA by DAMAC’, project - a 28
million square feet master development off Umm Suqeim Road in Dubai.
‘AKOYA by DAMAC’ will be the most luxurious golf community in
Asia, with premium mansions providing a luxury living experience within
a fully integrated community. The first phase of sales was launched this
morning with 205 units being made available.
DAMAC Properties will also be showcasing the luxury serviced hotel
apartments in the Burj Khalifa area of Dubai, overlooking the world’s
tallest tower and within walking distance of Dubai Mall.
“Indian clients have always been a key driver of the Dubai property
market and remain one of the biggest investors in luxury living,” said
Ziad El Chaar, Managing Director, DAMAC Properties. “Both the mansions
within AKOYA by DAMAC and the luxury serviced hotel apartments in the
Burj Area of Dubai will prove to be the ideal destination for our elite
Indian customers, who are on the lookout for opportunities to experience
elegant, modern living.”
At the heart of AKOYA by DAMAC is the ‘Trump International Golf Club,
Dubai,’ - an 18-hole PGA Championship Golf Course which DAMAC Properties
is developing in collaboration with Trump, the leading global luxury
companies in the golf sector and the world’s most recognized brand,
developer, owner and manager of world-class properties.
‘AKOYA by DAMAC,’ is the largest in the history of DAMAC
Properties, reflecting the recent significant growth of the real estate
sector in Dubai.
Real Estate investments in Dubai have shown an impressive start of the
year, with a rapid price increase ranges from 6% to 21%, in H1 2013,
compared to the same previous period, Al Khaeej newspaper, the leading
Arabic newspaper in the UAE, reported today. DAMAC Properties units
showcased an average increase of 13%, across different locations in the
emirate, the report indicated.
DAMAC Properties will also be showcasing The Signature, the company’s
first luxury serviced hotel apartments project, which at 50-storeys
high, is an iconic landmark in the Burj Khalifa area. The project has
already begun handing over and will begin housing its first guests very
Representatives from DAMAC Properties will be available on 28 and 29
June 2013 in Mumbai and Delhi. The qualified property consultants will
be in the JW Marriott, TAJ Lands End Hotel, the Four Seasons Hotel and
the Oberoi Hotel across Mumbai and at The Grand Hotel and Shangri-La
Hotel in New Delhi from 10am to 10pm each day.
DAMAC Properties has completed 8,890 units to date spanning 9,070,264
sq. ft. it also has a further 19,136 units at various stages
of progress across the Middle East region covering 23,816,070 sq.
ft. out of which 5,193 units will be completed in 2013.
In October 2011, DAMAC Properties launched its hospitality division,
DAMAC Maison, which will provide bespoke services to residents in 7,957
serviced hotel apartments, across 8,280,507 sq. ft. by the end of
2016, with 2,810 serviced hotel apartments will be
completed this year. This will position the company as one of the
largest Hotel Apartment operators and developers in the world.
Further information is available at www.damacproperties.com
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Jon Barber, 00971 4 373 2000