First UAE Real Estate Developer to Offer Such Comprehensive Cover
As a safe haven for investments, high-end luxury real estate developer, DAMAC Properties is offering investment products that guarantee the capital and annual returns for investors.
DAMAC’s products will ultimately help investors and those looking for safe & high return the opportunity to navigate the Dubai property market with total peace of mind.
DAMAC has introduced guaranteed annual return on advance payments during construction of 3% per year. This is equivalent to twice the interest on fixed deposits. Customers will receive the payments twice a year until completion of the unit.
Another option is the "DAMAC Capital Guarantee" which guarantees the property's value for two years after delivery; the company will pay the difference to the investors if the unit price has any decline between the time of delivery and the end of 2019.
“DAMAC Properties has always maintained that Dubai shows confidence and growth in the medium and long term”, said Niall McLoughlin, Senior Vice President, DAMAC Properties “The company’s recently launched products provide the opportunity for those looking for safe investment and high return”.
“DAMAC’s products will increase the attractiveness of real estate as an asset and investment fund providing a return before and after delivery, when you also factor in the potential for capital growth, I don’t know of a better, more secure investment opportunity anywhere.”
DAMAC Properties has a wide range of stylish living options across Dubai, including private villas, townhouses and apartments within its two golf course communities, AKOYA by DAMAC and AKOYA Oxygen, a limited edition collection of fashion branded homes in collaboration with global brands such as Versace, FENDI, Paramount Hotels & Resorts, and Bugatti as well as hotel apartments and hotels which allow individual investors to capitalize on the emirate’s booming tourism sector.