9 of the Most Highly Anticipated Real Estate

Projects in Dubai Ehsan Bayat

9 of the Most Highly Anticipated Real Estate Projects in Dubai

• Dubai, United Arab Emirates, is home to the tallest building on earth, the busiest airport for international passengers, and one of the most vibrant real estate markets in the world. The overarching factors behind its success in the last category include a commitment to high quality, striking architecture and a favorable business climate that attracts interest from foreign investors.

• Senior leadership at DAMAC Properties, a Dubai-based luxury real estate developer, has actively reached out to investors since its founding in 2002. Recently, the firm completed a three-stop tour of real estate expos and shows in England, India, and Kenya to promote emerging opportunities in Dubai, both from business and development standpoints.

9 of the Most Highly Anticipated Real Estate Projects in Dubai

• DAMAC Properties has partnered and collaborated with some of the most notable design names in the industry. The company’s portfolio of more than 14,000 residential units, for example, includes limited edition homes designed in collaboration with Versace, FENDI, and Bugatti. Within the tourism and recreation sector, the firm is developing a championship golf course with Tiger Woods Design.• Here’s a look at some of the company’s most notable

residential and hotel real estate projects in development.

AYKON City

• Slated for completion in 2021, the six towers of AYKON City will materialize in two phases and will ultimately share the same skyline as Burj Khalifa and Emirates Towers. Developers estimate a 7.4 million UAE dirham price tag for the project, which will encompass 4 million square feet of hotel, residential, retail, and office space. AYKON City will be the first luxury freehold development along the Dubai Canal.

Paramount Tower Hotel & Residences Dubai

• Located off of Sheikh Zayed Road, the Paramount Tower Hotel & Residences features 826 luxury hotel and “hotel residence” units. The structure is divided into separate sections for residents and guests, and residents may rent their units if they choose. Each of the hotel rooms features a private, in-home Paramount Pictures theatre and multiple movie titles from which to select.

DAMAC Towers by Paramount Hotels & Resorts

• The four towers of DAMAC Towers by Paramount Hotels & Resorts rise up from an adjoining multi-level plaza. Projected for completion in 2016, the project comprises three residential high-rises with 1,200 luxury suites managed by DAMAC Properties. The fourth tower will serve as the premier Paramount Tower Hotel & Residences.

AKOYA Oxygen

• A master planned development in Dubai with a sustainable blueprint, the AKOYA Oxygen community will feature hundreds of townhouses, villas, and luxury apartments. Buyers and investors will benefit from a diverse selection of properties, including villa designs inspired by the high-end French sports car manufacturer Bugatti. In addition, AKOYA Oxygen will be home to a world-class golf club created by Tiger Woods Design.

Navitas Hotel & Residences at AKOYA Oxygen

• Introduced in January 2016, the Navitas Hotel & Residences will complement the AKOYA Oxygen community with five 14-story towers, one of which will serve as a luxury hotel with 312 rooms. DAMAC is offering an appealing four-year payment plan for the residences, which will feature high-end interior details and separate living and dining areas. The five towers will be situated around a connecting base with a retail center. In addition, the development will overlook a world-class golf course within the AKOYA Oxygen development.

NAIA Tenora

• One of the first properties in the emirate to bear the NAIA name, the NAIA Tenora hotel apartments are based in the master-planned community of Dubai South, near Al Maktoum International Airport. Also situated near the center of the upcoming World Expo 2020, the 270-unit property will create an investment opportunity similar to that of the Paramount Tower Hotel & Residences, where residents have the option of renting their units for a profit.

DAMAC Residenze

• DAMAC Residenze has garnered recognition for the best residential high-rise architecture from the International Property Awards and the Arabian Property Awards. The development completes the real estate scene on the Dubai Marina and offers dozens of floors of luxury apartments furnished by Fendi Casa. Additionally, the 86-story tower features a state-of-the-art gymnasium and swimming facilities for adults and children.

DAMAC Maison The Distinction

• DAMAC Maison The Distinction is one of three hotels set to open in Dubai’s Burj Khalifa area in 2016. Standing at 195 meters, the tower will house more than 300 luxury hotel apartments ranging in size from one to four bedrooms. Residents of the development will benefit from high quality services provided by the management team at DAMAC Maison Hotels & Resorts. Amenities include a fully equipped gymnasium and spa.

Royal Golf Villas

• Based in the Jebel Ali district, the Royal Golf Villas gated community offers proximity to Dubai’s attractions and comfortable distance from the hustle and bustle of the inner city. The luxury villas were designed with a Spanish architectural style, and residents have access to two golf courses, a running track, and professional-grade tennis courts. Within a 30-minute driving radius are the Dubai Marina, Dubai Internet and Media City business districts, and Dubai International Airport.