DAMAC purchases one plot of land in Dubai Maritime City
25/03/2013
DAMAC Properties, a largest property development company in the Middle East, has unveiled its new plan to transform its purchased plot of land in Dubai Maritime City which is a multi-purpose maritime zone divided into the following: Industrial Precinct; Marina District; Maritime Centre; The Harbour Residence; The Academic Quarter; and The Harbour Offices. It would rather build a tower of serviced-hotel residences.
Actually, the company has been already recovering financially since the past two years. It has witnessed increase in revenues, for instance. For this reason, it is currently on the track to build new projects such as the above-mentioned hotel property; Damac Esclusive which is one of its luxurious-serviced apartment hotels that will be located in Riyadh, KSA; and the Damac Residenze, the company’s private apartment project in Dubai Marina.
According to Ziad El Chaar, Managing Director of DAMAC, he said that due to the fact that the Emirate of Dubai has been the center of the company’s development program, it is confident to invest in the latter’s markets, including hospitality, tourism, and real estate. So, with regards to its newly-proposed project in Dubai Maritime City, he added that such project will probably drive and generate a significant demand; for most of the business and leisure travelers’ confidence in Dubai’s property market is now rebounding.
Now, if ever the company’s new project is put into reality, it will be an additional portfolio to the latter. In fact, it has already completed a total of 37 buildings in the Middle East region so far.
Actually, the company has been already recovering financially since the past two years. It has witnessed increase in revenues, for instance. For this reason, it is currently on the track to build new projects such as the above-mentioned hotel property; Damac Esclusive which is one of its luxurious-serviced apartment hotels that will be located in Riyadh, KSA; and the Damac Residenze, the company’s private apartment project in Dubai Marina.
According to Ziad El Chaar, Managing Director of DAMAC, he said that due to the fact that the Emirate of Dubai has been the center of the company’s development program, it is confident to invest in the latter’s markets, including hospitality, tourism, and real estate. So, with regards to its newly-proposed project in Dubai Maritime City, he added that such project will probably drive and generate a significant demand; for most of the business and leisure travelers’ confidence in Dubai’s property market is now rebounding.
Now, if ever the company’s new project is put into reality, it will be an additional portfolio to the latter. In fact, it has already completed a total of 37 buildings in the Middle East region so far.
Advanced Dubai Maps
Our Advanced maps give you detailed information such as Plot numbers, Building Pictures, Location and Views.
I need a job. As marketing manager
Aloha from Maui, Hawaii....My name is Mark, I'm a broker with Maui Coast Properties and have several vacation rentals available.
"No Commission" & "No Down Payment" & "No Cheques" Ready to move Apartment France Cluster. DubaiZoneDXB@gmail.com
0525115511
Sajad
Need 2 villas in Spring, vacant only,type 4, Side by side or opposite to each other.
Required Full building for sale in Dubai freehold areas.
Budget upto 100 million
