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Damac completes first Abu Dhabi project

Sales office and show flat now open for sale of remaining apartments

Damac's Marina Bay tower at Reem Island, Abu Dhabi
Damac's Marina Bay tower at Reem Island, Abu Dhabi

DAMAC Properties has completed its first project in Abu Dhabi - the 24-storey mixed-use Marina Bay tower.

The company has received a completion certificate for the tower on Al Reem Island and has now begun handover of the project to investors.

Marina Bay was designed by Architectural Consulting Group and has been built by Al Shafar General Contracting (ASGC).

The tower contains retail, commercial and residential space including one, two and three-bed apartments.

“This is another big milestone for DAMAC Properties,” said the company's senior vice-president, Niall McLoughlin. “Completing on our first project in Abu Dhabi is a big step for the company as we continue to expand our portfolio of completed projects across the GCC.”

“Marina Bay is a hugely anticipated project and we feel sure customers will be delighted with the high quality finish and refined luxury they have come to expect from DAMAC Properties," he added.

A number of residential units remain available for sale, and the company said that its sales office and show flat at the development is now open. The property contains a temperature-controlled swimming pool, a gym, abd a day-spa including a steam room and sauna.

“The current market situation creates an outstanding medium to long term strategy for investors. We have been delighted with the response and there remain just a few units left at Marina Bay, highlighting the demand for high quality luxury apartments and commercial locations in Abu Dhabi,” said McLoughlin.

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Construction Week - Issue 761
Mar 21, 2020