Business & Money | Tuesday 14 April, 2015 12:28 am |

Best Pre-Summer Offers for More than Five Years in Dubai Real Estate

For Immediate Release, 13 April 2015: DAMAC Properties has kicked off its biggest week of pre-summer promotional offers since 2010.

The leading luxury real estate developer has announced a programme of easy payment plans, pre-approved mortgages and attractive investment options on ready properties across the full range of its portfolio.

The deals include units within its two luxury golf lifestyle master developments, AKOYA by DAMAC and AKOYA Oxygen, in addition to beneficial rates on ready apartments in the sought-after locations of Dubai Marina and the Burj Area.

“Investment in Dubai real estate in 2015 to date has been very encouraging – beating performance at the end of 2014 – and we are looking to keep that momentum going heading into the summer,” said Niall McLoughlin, Senior Vice President, DAMAC Properties. “Dubai is once again one of the best performing real estate markets in the world which is driving high levels of interest with buyers looking to take advantage of the potential for significant capital returns with a luxury home.”

“Promotional offers on payment plans and removing the processing fees on mortgages makes investing in Dubai property even more attractive to overseas buyers and we aim to continue presenting the most luxurious living experiences with funding options which suit every budget,” he added.

Luxury apartments at Carson on The Drive/AKOYA have been made available for just AED 178,600 per year over three years. Each home offers far-reaching views across the Trump International Golf Club, Dubai and the entire AKOYA by DAMAC development and comes with a choice of outdoor facilities – all within easy reach at The Drive/AKOYA, offering premium retail therapy and fine dining, in addition to the region’s first outdoor ice rink.

A similar promotion is also available on the luxury villas at the AKOYA Oxygen master development, at just AED 387,000 per year over three years. Set within the greenest, most lush environment in Dubai, each villa is in walking distance of the Tiger Woods-designed Trump World Golf Club, Dubai as well as a retail component at the heart of the project which includes the region’s first rainforest and other high-end entertainment, shopping and dining options.

The company is also offering mortgages through a partnership with Abu Dhabi Commercial Bank with no processing fees on all villas and apartments within AKOYA by DAMAC – the luxury golf community under development on Umm Suqeim Road which will welcome its first residents later this year.

DAMAC Properties has also made the highest standards of luxury available to buyers by offering the high life at The Trump PRVT mansions within the Trump Estates at AKOYA by DAMAC with 50% payment prior to moving in and 50% after handover.

“This is the best opportunity available in Dubai to experience the epitome of luxurious living at an attractive price which suits all budgets,” concluded McLoughlin. “You can now make Dubai your home for less than AED 180,000 a year for three years – that’s at a price which has not been seen in the market for many years.”

Events are taking place across DAMAC Properties offices in Dubai from 10am – 7pm each day.

As of December 31st 2014, DAMAC Properties has delivered almost 13,000 homes and has a development portfolio of over 38,000 units at various stages of progress and planning. Included are more than 10,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, DAMAC Hotels & Resorts.

Further information is available at www.damacproperties.com

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About DAMAC Properties
DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market for more than 13 years – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the upmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Qatar, Saudi Arabia, Jordan and Lebanon.

As of December 31st 2014, DAMAC Properties has delivered almost 13,000 homes and has a development portfolio of over 38,000 units at various stages of progress and planning. Included are more than 10,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, DAMAC Hotels & Resorts.

The company is dual-listed on the Dubai Financial Market (DFM) with Global Depository Receipts placed on the London Stock Exchange (LSE), making it the first real estate company from the UAE to appear on LSE. The company also issued a US$650 million five year Sukuk on NASDAQ Dubai in April of 2014, which was more than four times oversubscribed and was placed with institutional investors across Europe, the Middle East and Asia.

As a leading player in the market, DAMAC Properties has joined forces with some of the most recognisable fashion and lifestyle brands in the world to bring new and exciting living concepts to the market. Projects include a Tigers Woods designed golf course which will be managed by The Trump Organisation, luxury apartments with interiors by Italian fashion-houses Versace, luxury apartments and villas with interiors by FENDI and uniquely conceptualised Paramount Hotels and Resorts to bring serviced living at it most opulent.

The company is also developing two of the most anticipated luxury master communities in Dubai – AKOYA by DAMAC and AKOYA Oxygen. With a combined square footage of almost 100 million sq ft, the two distinct projects bring luxury villas within lush green surrounds to the doorstep of those looking to escape the city lights in a private, serene environment.

Running through the heart of each project will be an 18-hole Championship Golf Course – The Trump International Golf Club, Dubai designed by Gil Hanse at AKOYA by DAMAC and The Trump World Golf Club, Dubai, designed by Tiger Woods. Both courses will be managed by the Trump Organisation, offering the highest levels of white glove service.

Each project will house the highest luxury villas and apartments currently available on the market, with branded living concepts available within AKOYA by DAMAC from Paramount Hotels & Resorts and FENDI. The Trump Estates mansions also offer a truly indulgent lifestyle, with panoramic views across the course.

As a global leader in branded real estate, the company is also developing a US$1 billion hotel and luxury serviced residences in the Burj area of Dubai, called DAMAC Towers by Paramount, which will comprise the first Paramount hotel and serviced residences in the region.

DAMAC Properties’ hospitality portfolio will extend within the coming three years to reach around 10,000 units of hotel rooms, serviced hotel apartments and serviced villas. The company’s pipeline of hospitality projects to be opened in the coming few months extends in different locations of the Burj Area and other key areas of Dubai with its DAMAC Maison and NAIA products.

With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.

Further information is available at www.damacproperties.com or join DAMAC Properties on Facebook, Twitter (@DAMACOfficial) and YouTube.