DAMAC Properties Takes Dubai Luxury Real Estate to the World

DUBAI, UAE, October 6, 2015 /PRNewswire/ --

Developer Showcases Portfolio Throughout October 

Luxury real estate developer, DAMAC Properties is heading on a month-long global roadshow, to promote Dubai and highlight the strong business environment for overseas investment.

     (Photo: http://photos.prnewswire.com/prnh/20151004/273705 )

     (Photo: http://photos.prnewswire.com/prnh/20151004/273706 )

Taking place on three continents, the campaign will highlight Dubai as a safe & secure city, with substantial infrastructure investment, ease of doing business and efficient and reliable regulations in which to operate.

The company will be in India, UK and Kenya attending various events and exhibitions across the course of the month.

"Dubai remains one of the most attractive investment cities in the world," said Niall McLoughlin, Senior Vice President, DAMAC Properties. "With a safe & secure environment, appealing business terms, stunning weather and of course, some of the most beautiful homes anywhere, Dubai is well placed to attract overseas investment."

"We have been very pleased with recent interest in Dubai real estate from many parts of the world and this roadshow of events further highlights our desire to tell the Dubai story and welcome investors from all over," he added.

DAMAC Properties will be at the Property Investor & Home Buyer Expo in London, UK on 9/10 October, at the Times Property Show in Delhi, India from 10/11 October and the Kenya Homes Expo in Nairobi from 15-18 October.

Dubai is currently seeing a huge increase in tourism, with a nine per cent growth in visitors year on year, with the emirate welcoming more than seven million visitors in the first six months of 2015. Dubai International Airport is already the busiest international airport in the world, serving more than 70 million travellers last year. Dubai is set to welcome 25 million tourists by 2020 as it hosts the World Expo.

DAMAC Properties is at the forefront of the luxury real estate industry in Dubai, with more than 13 years' experience in delivering high quality luxury living throughout the emirate. The company has a number of limited edition homes in collaboration with global brands including Versace, FENDI, Paramount Hotels & Resorts, The Trump Organisation and Bugatti. It is also developing two championship-standard golf courses, one of which has been conceptualised by Tiger Woods Design.

As of 30th June 2015, DAMAC Properties has delivered 14,375 homes and has a development portfolio of over 37,000 units at various stages of progress and planning.

Further information is available at http://www.damacproperties.com 

Notes to editor: DAMAC Properties has been at the forefront of the Middle East's luxury real estate market since 2002 - 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 utmost quality. The company's footprint now extends across the Middle East with projects in the UAE, Qatar, Saudi Arabia, Jordan and Lebanon.

As of 30th June 2015, DAMAC Properties has delivered 14,375 homes and has a development portfolio of over 37,000 units at various stages of progress and planning.

The company is listed on the Dubai Financial Market (DFM). 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 Tiger Woods designed golf course which will be managed by The Trump Organisation, luxury apartments with interiors by Italian fashion-house 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$1.35 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 to reach around 13,000 units of hotel rooms, serviced hotel apartments and serviced villas. The company's pipeline of hospitality projects are operated under the DAMAC Maison Hotels & Resorts and NAIA Hotels & Resorts brands.

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

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

For more information please contact: Niall McLoughlin, Senior Vice President - Corporate Communications, DAMAC. Tel: +971-4-3731000 │ Fax: +9714-3732335 │ Email: [email protected]

SOURCE DAMAC Properties