Coinciding with the opening of Cityscape Global 2016 taking place today at the Dubai World Trade Center, DAMAC Properties yesterday revealed that it has launched ten major projects in 2016 so far, with a total value of more than AED 13 billion.
DAMAC Properties has announced that it has launched ten major projects in 2016 so far, with a total value of more than AED 13 billion.
Ten different real estate projects
New projects announced during the first half of 2016 include apartments and hotel rooms at Icon City, condominiums at Icon City, XV Villas at Akoya by DAMAC, The Beach by Maison de Ville, Tower 108, Akoya Cuatro Villas, Akoya Imagine, Akoya Imagine Plots, and Akoya Imagine 2.0.
New projects announced during the first half of 2016 include apartments and hotel rooms at Icon City, condominiums at Icon City, Akoya Imagine Villas, Akoya Imagine Plots, and Akoya Imagine 2.0.
<p style="text-align: justify;Businesses with strength and sustainability
Ziad El Chaar, Managing Director of DAMAC Properties, said: "We are pleased to introduce a number of new projects to our valued customers and investors looking to seize attractive and lucrative investment opportunities. We offer the highest level of quality along with a significant and guaranteed financial return through luxurious and integrated residential apartments that are conveniently located and easily accessible."
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DAMAC adopts a strong and sustainable business model that allows it to maintain confidence in its projects and products, as well as its ability to continue to excel. DAMAC Properties is expected to deliver between 2,700 and 3,000 units in 2016, with a diverse portfolio of projects in key locations including master-planned communities, residential towers, hotels and serviced apartments.
DAMAC Properties has a strong and sustainable business model that allows it to have great confidence in its projects and products, as well as its ability to continue to excel.
Dubai is the world's most attractive city for real estate investors
"As we continue to launch landmark projects, we are positioning ourselves as one of the leading luxury real estate developers in the Middle East and believe that the market will see significant growth and opportunities in the near future. With an economy that consistently outperforms the rest of the region, Dubai will continue to evolve and grow as one of the most attractive cities for real estate investors in the world."
AED 57 billion pumped into Dubai's real estate development sector in six months
According to data from the Dubai Land Department, more than AED 57 billion was invested in Dubai's real estate development sector during the first half of 2016, and the market is currently providing stronger returns and promises further capital growth in the period leading up to Expo 2020 Dubai."
According to data from the Dubai Land Department, more than AED 57 billion was invested in Dubai's real estate development sector during the first half of 2016.
