DAMAC Properties has completed the first ever project in Dubai South, with the handover of DAMAC Maison de Ville Tenora hotel apartments.
The developer also announced that another hospitality project in the area – that DAMAC Maison de Ville Celestia – is at an advanced stage of construction.
Both projects are strategically located at the heart of Dubai South, the emerging urban area of Dubai that is at the centre of Dubais strategic plans for development.
Ziad El Chaar, Managing Director, DAMAC Properties, said: With Dubais strategic plan to create a key new hub for business and investment, and complemented by world-class facilities, there will naturally be a need for hotel accommodation in the centre of this vital area of the city.
Our hotel apartment offering in Tenora and Celestia is uniquely attractive as they benefit from prime, high-demand locations at the centre of Dubai South and a return on investment can be realised immediately leading up to and during the Expo 2020 Dubai.
Tenora units are completed and handed over while Celestia will be delivered in 2018, making them the premiere completed projects in Dubai South and allowing investors the first opportunity to benefit and reap the returns from such properties in this strategic location.
The free zone of Dubai South is rapidly progressing to become the nerve centre of Expo 2020 Dubai site as well as being home to the worlds largest aviation hub that is served by a vast infrastructure network including Al Maktoum International Airport.