Damac offers luxury cars with new homes purchase

In 2015, Damac came up with similar promotions of offering luxury cars with new apartment purchases during Dubai Shopping Festival

NEWS, Business, Bmw, Damac, DSF 2016, Dubai, Dubai shopping, Dubai Water Canal, Luxury apartments, Properties, Real estate

Damac Properties will offer a brand new BMW or another luxury car - guaranteed with the purchase of a luxury apartment - starting from $163,101 (AED599,000), for this year's Dubai Shopping Festival (DSF).

Niall McLoughlin, senior vice president, Damac Properties, said: “We’re pleased to offer investors a unique opportunity to experience the pleasure of luxury with Damac and drive away in a BMW or another luxury car, when they invest in a property across select luxury developments in Dubai.

"From luxury apartments overlooking Dubai Canal to branded residences in Dubai Marina, this offer allows property buyers not only to live the luxury, but to drive it too.”

Previously, in 2015, the real estate developer had come up with a similar proposition of offering new, luxury cars to the buyers of its apartments during DSF.

McLoughlin added: “With the city’s development still on the rise, there’s no better time than now to invest in property that will show high appreciation in the years to come. With Dubai’s real estate returns averaging at 7-9%, easily 2-3% higher than its matured international counterparts like London, New York or Paris, the city becomes a more attractive investment destination. In prime areas, even a 10-12% return isn’t uncommon.

“The market value of Dubai’s real estate sector also receives a push from socio-economic factors such as continuous population growth, expanding job markets, rapid infrastructural development, increasing tourism and retail growth – leading to a boost in the desirability and profitability of real estate.”

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