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News: Damac projects are rising up – Bank Of Properties
 

News: Damac projects are rising up

Damac’s hotels and hotel apartment projects offer a practical solution for busy travellers or families visiting Dubai for vacation or business purposes, says Ziad El Chaar, Managing Director at Damac Properties.

Villas remain a perennially popular choice for investors, and more villa communities are launching in Dubai and Abu Dhabi as both population and tourism grows. Responding to this demand, Damac Properties recently released more villas in its Akoya Oxygen master development, reflecting an increased interest in villa projects in the UAE. Akoya Oxygen positions itself as a market leader, offering a ‘home away from home’ in a peaceful, suburban environment, while providing easy access for residents into the central business districts.

“We have seen a great deal of interest in our portfolio from people living and working in Abu Dhabi,” says Niall McLoughlin, Senior Vice President, DAMAC Properties.

 

Established in 2002, Damac has delivered almost 12,000 units to date. Complementing the Akoya project, Damac is also developing three serviced hotel apartments in the Downtown area; Cour Jardin and Captial Bay will open their doors in the next couple of months, with Canal Views already welcoming guests.

“Damac’s hotels and hotel apartment projects offer a practical solution for busy travellers or families visiting Dubai for vacation or business purposes,” says Ziad El Chaar, Managing Director at Damac Properties. “They present a great opportunity for buyers and investors who like to earn income from the rental pool scheme that allows for a return to owners when they are not utilising their properties.”