UAE: Damac finishes its first Dubai South project
Ready to move in hotel apartments in Tenora will be offered at a starting price of $159,817 (AED587,000)
Dubai-based developer Damac announced its first-ever project to be completed in Dubai South, with the handover of Damac Maison de Ville Tenora hotel apartments.
The developer also announced that Damac Maison de Ville Celestia, another hospitality project in the area, is at an advanced stage of construction, with both projects offering investors the opportunity to take delivery of properties in Dubai South.
Damac Maison de Ville Celestia and Damac Maison de Ville Tenora are strategically located at the heart of Dubai South.
Ready to move in hotel apartments in Tenora will be offered at a starting price of $159,817 (AED587,000), while Celestia units, with substructure already completed and delivery set to be in 2018, are priced to start at $152,466 (AED560,000).
Ziad El Chaar, managing director, Damac Properties, said: “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.”
Suitable for both short and long-term stays, Damac Maison de Ville Hotels & Resorts presents a relaxed experience where guests benefit from all the amenities of home, along with the highest standards of hotel service.
With 964 units to be delivered by 2018, Damac Maison de Ville Celestia will bring an entirely new dimension to serviced living.