Press release from Business Wire India
Source: Business Wire
Tuesday, June 25, 2013 01:01 PM IST (07:31 AM GMT)
Editors: General: Consumer interest; Business: Business services, Construction, Real estate
(BW)(DAMAC-PROPERTIES)DAMAC Properties Starts a Two-Day Road Show in Delhi and Mumbai, 28-29 June 2013
Mansions at AKOYA by DAMAC Overlooking Championship Golf Course and Luxury Serviced Hotel Apartments With Views of the Burj Khalifa are the Key Focus
Mumbai, Maharashtra, India, Tuesday, June 25, 2013 — (Business Wire 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 shortly.
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.
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Jon Barber, 00971 4 373 2000
CONSUMER, BUSINESS SERVICES, CONSTRUCTION, REAL ESTATE
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