Damac Properties hands over Dubai South’s first project

Dubai / Emirates Business

DAMAC Properties on Thursday announced the first ever project to be completed in Dubai South, with the handover of DAMAC Maison de Ville Tenora hotel apartments.
The developer also announced that DAMAC Maison de Ville Celestia, another hospitality project in the area, is at an advanced stage of construction, with both projects offering investors the first opportunity to take delivery of properties in Dubai South and start yielding returns
immediately.
DAMAC Maison de Ville Celestia and DAMAC Maison de Ville Tenora are strategically located at the heart of Dubai South, the emerging urban area of Dubai that is at the centre of Dubai’s strategic plans for development. The last units in these two projects will go on sale in Dubai from the October 13-15 at DAMAC Properties’ stand located in WAFI Mall from 10:00 am till midnight, and also on October 15 from 10:00 am till 4:00 pm at three of DAMAC Properties’ sales centres including Park Towers, Ocean Heights and AKOYA. Ready to move in hotel apartments in Tenora will be offered at a starting price of AED 587,000, while Celestia units, with substructure already completed and delivery set to be in 2018, are priced to start at AED 560,000.
Ziad El Chaar, Managing Director, DAMAC Properties, said: “With Dubai’s strategic plan to create a key new hub for business and investment, and complemented by world-class facilities, there will naturally be a need for hotel accommodation in the centre of this vital area of the city. Our hotel apartment offering in Tenora and Celestia is uniquely attractive as they benefit from prime, high-demand locations at the centre of Dubai South and a return on investment can be realised immediately leading up to and during the Expo 2020 Dubai. Tenora units are completed and handed over while Celestia will be delivered in 2018, making them the premiere completed projects in Dubai South and allowing investors the first opportunity to benefit and reap the returns from such properties in this strategic location.”
The free zone of Dubai South is rapidly progressing to become the nerve centre of Expo 2020 Dubai site as well as being home to the world’s largest aviation hub that is served by a vast infrastructure network including Al Maktoum International Airport and a host of first-class facilities, including Jebel Ali Port and Dubai Metro. It is also importantly being positioned and accordingly prepared to be a venue that will facilitate business while being an appealing place to live, work and invest with features that promise an unparalleled quality of life. Residents of Celestia and Tenora will stay connected to the city with accessibility via three major roads including Sheikh Mohammed bin Zayed Road (E311), Sheikh Zayed Road (E11) and the Emirates Road (E611).
With the pace at which the area will develop in the lead up to 2020 and beyond, guests can expect a unique and never-the-same experience every time they stay at those properties, with the evolving surroundings and activities. Suitable for both short and long-term stays, DAMAC Maison de Ville Hotels & Resorts presents a relaxed experience where guests benefit from all the amenities of home, along with the highest standards of hotel service.
Stellar service, spectacular amenities and plush spaces strike the perfect balance at DAMAC Maison de Ville Tenora, combining the comforts of home with a five-star hotel experience. With 964 units to be delivered by 2018, Celestia will bring an entirely new dimension to serviced living.
A 145-square-kilometre master-planned city and host to the first World Expo in the Middle East, Dubai South is set to become one of the world’s most desirable destinations. A city based on the happiness of the individual, it aims to change the fundamental concept of a community and its purpose, in line with Dubai Plan 2021.