DAMAC Expands its Luxury Hospitality Offering
New projects added to DAMAC’s growing serviced hotel portfolio, increasing room capacity in the prime areas of Dubai
Luxury real estate developer, DAMAC Properties, has further expanded its hospitality offering with the addition of three new serviced hotels in the Burj Area of Dubai – one of the most popular tourist destinations in the world.
New developments, Cour Jardin and Captial Bay will open their doors in the next couple of months, with Canal Views already welcoming guests from all over the world. DAMAC Properties first launched its serviced living offering with DAMAC Maison – Dubai Mall Street just under a year ago and quickly followed with NAIA Jebel Ali, as it aims to become the region’s largest serviced hotel provider in the Middle East by 2018.
Ziad El Chaar, Managing Director at DAMAC Properties said: “Our expansion in the hospitality sector falls within DAMAC’s strategy to be at the forefront of the hospitality sector in Dubai and the Middle East. We currently have more than 10,000 serviced hotel apartments in development, all of which will be delivered by 2018. This will position the company as one of the largest hotel apartment operators and developers in the region.”
El Chaar added: “Cour Jardin and Capital Bay, along with the previously completed projects such as DAMAC Maison-Dubai Mall Street, Canal Views and NAIA Jebel Ali are all located in the busiest areas of Dubai, be it the Burj and Business Bay areas or Jebel Ali where the increasing number of business visitors and travellers is recorded every day reaching new peaks with the development of Dubai World Central and Al Maktoum International airport.”
“We offer bespoke services to our residents and customers across all projects, setting new standards in the hospitality sector and driven by our aim for excellence, not only through the regular day-to-day services, but on various levels, including design, functionality and know-how,” said El Chaar.
He added: “DAMAC’s hotels and hotel apartment projects offer a practical and comfortable solution for busy travellers or families visiting Dubai for vacation or business purposes. They present a great opportunity for buyers and investors who like to earn income from the rental pool scheme that allows for a return to owners when they are not utilizing their properties.”
DAMAC Properties has announced several serviced hotel apartments projects in various areas of Dubai spreading from the Burj area to Jebel Ali, Jumeirah Village, Dubailand and Dubai World Central.
Ghalia Constella, the first officially Sharia certified serviced hotel apartments in the UAE, was launched earlier this year and is already witnessing great interest from customers and investors from all over the region. This is a great example of the diversified products’ offering of DAMAC Properties, answering the need of the ever growing market.
Established in 2002, DAMAC Properties has delivered almost 12,000 units to date and currently has a development portfolio of over 39,000 units at various stages of progress and planning as of September 30th 2014.