Luxury properties in Dubai: DAMAC woos Saudi clients

DAMAC Properties, a private developer of luxury real estate, is beginning a two-day road show in Saudi Arabia to showcase the latest luxury living in Dubai.
The company has just announced the launch of the first phase of sales for luxury villas within the ‘AKOYA by DAMAC’ project — a 28 million square feet master development off Umm Suqeim Road in Dubai.
AKOYA by DAMAC will be the most luxurious golf community in Asia, with premium mansions providing a luxury living experience within a fully integrated community.
The first phase of sales was launched with 205 units being made available.
Earlier this month, DAMAC Properties launched the first ever serviced villas in Dubai.
The Hollywood-themed DAMAC Villas by Paramount is the latest luxury living concept from the largest private developer in the Middle East, in collaboration with Paramount Hotels & Resorts (PHR FZ-LLC).
DAMAC Properties will also be showcasing the luxury serviced hotel apartments in the Burj Khalifa area of Dubai, overlooking the world’s tallest tower and within walking distance of Dubai Mall.
“Clients from Saudi Arabia have always been a key driver of the Dubai property market and remain one of the biggest investors in luxury living,” said Ziad El Chaar, MD, DAMAC Properties.
“Both the mansions within AKOYA by DAMAC and the luxury serviced hotel apartments in the Burj Area of Dubai will prove to be the ideal destination for our elite Saudi customers, who are on the lookout for opportunities to experience elegant, modern living.”
DAMAC Properties will also be showcasing The Signature, the company’s first luxury serviced hotel apartments project, which at 50-story high, is an iconic landmark in the Burj Khalifa area.
The project has already begun handing over and will begin housing its first guests very shortly.
Representatives from DAMAC Properties will be available on Tuesday and Wednesday (July 23 and 24) at the DAMAC Properties offices in Al-Anoud Tower 2 in Riyadh, Al Shumeisi Building in Jeddah and Al-Dossary Tower, Dammam.