DUBAI, United Arab Emirates--(BUSINESS WIRE)--In response to increased demand, DAMAC Properties, the region’s largest private luxury developer in the Middle East, is launching a new concept of luxury hotel living to the Burj Area of Dubai, with the launch of ‘Privé by DAMAC’.
On sale from Saturday the 21st September, the stylish twin tower development is one of the last remaining plots located directly on the waterfront in the Burj Area with all hotel apartments having direct views over water.
The AED1.35 billion, 30 storey twin project is located on over 100 metres of direct waterside frontage and will features luxurious studios as well as one and two bedroom serviced hotel apartments each offering stunning views across the Waterfront. Scheduled for completion in Q3, 2016, Privé by DAMAC offers a real estate choice and access to the pulsating heart of new Dubai to buyers looking for a solid investment.
Demand is outstripping supply in Dubai’s hotel sector, resulting in DAMAC Properties launch of this new luxury serviced hotel apartments to cater to the growing number of international investors returning to the market.
Managed by DAMAC Maison, Privé by DAMAC comes complete with all of the luxury services expected in a five-star hotel, including a luxurious spa, high-end restaurants, stunning lobby areas with meeting space, a kids club & baby-sitting service with dedicated and qualified staff, and fully-fitted kitchens throughout.
“As prices continue to rise in Dubai, it is a great time for investors looking for healthy returns – luxury serviced living is proving time and again to be the driving force of the real estate market. Fully-finished and serviced hotel apartment units in prime locations allow these investors to truly enjoy their assets,” said Ziad El Chaar, Managing Director, DAMAC Properties. ‘’We are introducing this product to the market on Saturday the 21st September and we expect them to sell quickly on the back of our customer demand.’’
Further information is available at www.damacproperties.com
