Sunday, March 24, 2013

Damac buys Dubai Maritime City plot for new project


Dubai-based Damac Properties has announced plans to transform a plot of land on the seafront at Dubai Maritime City into a high-rise luxury tower of serviced hotel residences.

The project is the latest announcement in an aggressive growth path by Damac in the past six months.

Since completing Marina Bay, its first project in Abu Dhabi, the company has announced strategic partnerships with both the Italian luxury fashion house Fendi, and the iconic movie makers, Paramount Pictures.

Damac is also developing Damac Esclusiva, a luxury serviced hotel apartment tower in the centre of Riyadh, Saudi Arabia and Damac Residenze, a private apartment project in Dubai Marina.


Read more: http://www.arabianbusiness.com/damac-buys-dubai-maritime-city-plot-for-new-project-495077.html

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