Dubai / Emirates Business
DAMAC Properties on Monday announced the new release of units in DAMAC Maison Privé, waterfront hotel apartments in the Burj area with direct views of Business Bay’s marina. The leading luxury real estate developer is providing the opportunity for investors to own a luxury hotel apartment with superior services, presenting both an ideal vacation home when in Dubai and high-yielding investment when not.
DAMAC Maison Privé offers breathtaking views of the city and its skyline, with adjacent towers comprising 1,027 units overlooking the canal, yachts and water-based activities, and with views of the world’s tallest tower and Dubai fountains. Situated in the most prestigious address in the world, the property in the exciting Burj area makes for a glamorous lifestyle with restaurants, cafés and shops as well as the world’s largest shopping mall at one’s doorstep. Investors have the option to enjoy superior services of a hotel combined with the familiar comforts of home to create an unmatched way of life. When not in use, investors can place their units in the DAMAC Maison’s unique rental pool scheme, and enjoy premium, hassle-free returns from the operator.
Studios and one and two-bedroom furnished hotel apartments will be released with a starting price of AED 945,000 and will go on sale on Tuesday, October 11 in Dubai at DAMAC Maison Mall Street in the Burj area, Hatun Restaruant, Ground Floor, from 10 am to 4 pm.
Tim Fallon, Vice President for Corporate Communications, DAMAC Properties, said: “Dubai is undeniably one of the top-performing markets globally when it comes to hospitality, enjoying among the highest occupancy levels in global cities. Even with a healthy pipeline of new units, the demand driven by increasing visitor numbers to the emirate in the run up to world-class events such as Expo 2020 combined with easing visa restrictions will continue to outpace the supply in the long-run, making hotel apartments and hospitality units an essential constituent of a sound investment portfolio. Also, investments in golf communities typically enjoy higher returns as supply remains limited, making them a more stable and secure long-term investment opportunity.”
DAMAC Properties is providing investors a diverse choice with its hotel apartments offering. Also available to investors’ at the same sales event are hotel apartments in the heart of the premium AKOYA by DAMAC golf master plan community. The DAMAC Maison de Ville Artesia towers C&D house 513 luxurious units with breath-taking views of the golf course and the bustling retail walk. Every lifestyle is catered to with a choice of studios as well as one, two and three-bedroom arrangements with prices starting at AED 645,000 with special payment plan.