Skip to main content

Damac opens two new hotels in Downtown Burj area

Damac Maison The Vogue and NAIA Breeze

Sunday, April 05, 2015

Damac Properties has opened two new serviced hotel apartments’ projects in the Downtown Burj area: Damac Maison The Vogue and NAIA Breeze.

The two hotel projects have a joint capacity of more than 500 suites and constitute the fourth and the fifth projects for Damac Hotels & Resorts to open in the past 14 months.

Niall McLoughlin, Senior Vice-President, Damac Properties said: “The opening of hotels reflects the company’s strategy in the hospitality sector, to become a leading player in this field as one of the major hotels and luxury serviced apartments operators in the region.”


The company has five projects open to date, catering for the growing need in the Dubai hospitality sector, where the number of tourists and visitors is expected to grow steadily year on year reaching an unprecedented level in five years’ time, during the World Expo 2020.

Damac currently has 1,450 keys under management of its hotels and resorts division.

As of December 31 2014, it has delivered almost 13,000 homes and has a development portfolio of over 38,000 units at various stages of progress and planning, which includes over 10,000 hotel rooms and serviced hotel apartments under development.

Comments

Popular posts from this blog

Prestige Real Estate

Prestige Real Estate prides itself in providing the best properties and most satisfying real estate services in the UAE. The company offers personal attention and specialist knowledge to all its esteemed customers and works hard in building trust through transparency in all of its dealings as a company. Prestige Real Estate stands to be an established supplier of the top class corporate, residential and leisure developments in the United Arab Emirates. The renowned company pursues its distinction in two points, Personal and Exclusive, and it is these two points on which its whole philosophy of the company is based. With its well-earned solid reputation, the company stands resolute in being a market leader in the real estate industry of UAE. We deal in the following city: Dubai Contact Person: Prestige Real Estate Phone: +971-4-4468300,-800-77378443 Fax: +971-4-4534795 Cell: +971-50-8523945 Address: Office 1603, Marina Plaza, Dubai Marina, Dubai,...

Freehold or leasehold: Which property 49% cheaper to rent in Dubai?

6-month lag between property prices dropping and rents falling Leasehold areas in Dubai are far cheaper to rent apartments and villas, than freehold communities. This is because the former caters to the affordable market segment and the latter to the affluent, according to a new property report. “A rental comparison between the two areas shows that on an average, apartments are cheaper by 49 per cent and villas 31 per cent in leasehold areas (compared to freehold),” Unitas Consultancy said, in its latest report, ‘Renter’s Ball: The Dynamics of the Tenancy Market in Dubai’. However, the report said villas experienced higher rental growth rates (20 per cent) when compared to apartments in the last five years; but rates had declined in the last one year. “As the market adapted to cater to the pent-up demand, a flurry of new villa projects were launched by private and government sector developers. “In the last year, the dynamics of the villa market have changed with both re...

101 Premium Properties

101 Premium Properties is a leading real estate Agency in Dubai has gained un matchable experience over the years. Celebrating a Decade of trust and success in the region (Dubai). As a full-service advisory firm, we specialize in Off plan and Ready sales and leasing of Apartment, Office, Townhouse, Villa, Labor Camp, Retail, Ware house, Full Building, Penthouse, and Land Plot along with Land acquisition in both freehold and leasehold areas. Landing our Expertise in Property Management, Portfolio Management and In house Mortgage