DAMAC Properties, a Middle East luxury private developer, is launching phase two of a $1 billion luxury hotel and serviced residences to Saudi investors, following a sell-out event in Dubai.
‘DAMAC Towers by Paramount’ is being developed on platinum real estate in Dubai overlooking the Burj Khalifa and the world’s largest mall. More than 200 units were snapped up in just a few hours, making it one of the most sought-after projects in the region.
Developed by DAMAC Properties in collaboration with Paramount Hotel & Resorts (PHR-FZ-LLC), the project offers an ambience and reflection of the Hollywood glamour and California cool lifestyle, synonymous with Paramount Pictures over the past 101 years.
Read more: http://www.cpifinancial.net/news/post/19698/damac-properties-launches-phase-two-of-damac-towers-by-paramount-in-ksa
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