Damac adds hotels to Burj Area portfolio

PWDamac has recently opened the Canal Views l Image Credit: Damac

Damac Properties has further expanded its hospitality offering with the addition of three new serviced hotel apartments in Dubai’s Burj Area. The developer said Cour Jardin and Capital Bay will open in the next couple of months, with Canal Views already welcoming guests.

Damac first launched its serviced living offering with Damac Maison—Dubai Mall Street under a year ago and quickly followed with NAIA Jebel Ali, as part of a strategy to become the region’s largest serviced hotel provider in the Middle East by 2018.

10,000 units

“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,” said Ziad El Chaar, Managing Director of Damac. “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.

“Cour Jardin and Capital Bay, along with the previously completed projects such as Damac Maison, Canal Views and NAIA Jebel Ali, are all located in the busiest areas of Dubai, be it the Burj Area and Business Bay areas or Jebel Ali, where an increasing number of business visitors and travelers is recorded every day and reaching new peaks with the development of the Dubai World Central and Al Maktoum International Airport.”

Other projects

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 Sharia-certified serviced hotel apartment in the UAE, was launched earlier this year.

The developer said it is already witnessing great interest from customers and investors from all over the region.

“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 knowhow,” said El Chaar. “Damac’s hotel 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.”

Source: Property Weekly


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