Dubai: Damac to unveil new hotel apartments in JVC

The hotel apartment units in JVC will present a lucrative investment opportunity with potential for high returns

A rendering of Damac's Tower 108 in JVC.
A rendering of Damac's Tower 108 in JVC.

Dubai-based developer Damac is set to launch its new 33-storey, Tower 108, a collection of serviced hotel apartments located in Jumeirah Village Circle (JVC).

To be operated by Damac Maison de Ville, the hotel apartment units present a lucrative investment opportunity with potential for high returns. 

With the living experience that Tower 108 offers - a contemporary experience that combines the comforts of home with the service standards of a luxury hotel - the offering is expected to appeal to visitors and residents alike.

In addition, Damac also released Akoya Imagine plots within Akoya by Damac, its international golf community.

The luxury real estate developer is providing the opportunity for investors to purchase land plots within Akoya Imagine, comprising colourful villas and featuring low annual community fees with an extended time to build for up to 10 years.

Plots will be released with a starting price of $163,365 (AED600,000) and will go on sale on 20 August, 2016 in Dubai.

Ziad El Chaar, managing director, Damac Properties, said: “Investments in golf communities typically enjoy higher returns as supply remains limited and are considered more financially stable than investments in financial instruments.

"For those investors considering suitable long-term opportunities, this development represents the perfect occasion to plan for their children’s future, their own retirement or to grow and enhance their financial portfolios.

"Furthermore, Dubai is also known for its prime release estate and high yields, offering a more secure and stable investment environment than most other investment classes.”

 

 

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