Dubai-based private developer DAMAC Properties is launching phase two of a $1 billion project of luxury hotel and serviced residences to Indian investors, following a sell-out event in Dubai.
Photographs, courtesy: DAMAC Properties
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Why Indians find this Dubai property irresistible
'DAMAC Towers by Paramount', is being developed on platinum real estate in Dubai overlooking the world's tallest tower Burj Khalifa.
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Why Indians find this Dubai property irresistible
It comprises a 540 key Paramount Hotel & Residences and more than 1,000 units of DAMAC Maison – Paramount (Hollywood movie production company) co-branded serviced hotel residences.
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Why Indians find this Dubai property irresistible
Developed by DAMAC Properties in partnership with Paramount Hotel & Resorts (PHR-FZ-LLC), the project will be presented during a road show in Delhi and Mumbai on April 5-6.
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Why Indians find this Dubai property irresistible
"The response we have seen from Indian investors is unprecedented. Indians have a deep-seated love of movies and our partnership with one of the most established movie houses in Hollywood has proved a big draw.
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Why Indians find this Dubai property irresistible
"Indian investors make up a huge percentage of our loyal client base and they recognise the intrinsic value of this unique project," Ziad El Chaar, Managing Director, DAMAC Properties, said.
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Why Indians find this Dubai property irresistible
The one, two and three bedroom serviced hotel residences will be managed by DAMAC Maison, the hospitality division of DAMAC Properties.
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Why Indians find this Dubai property irresistible
Serviced Hotel residences will feature fully-fitted kitchens and services that also include valet parking, concierge, housekeeping, in-room beauty treatments and 24-hour kids club.
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Why Indians find this Dubai property irresistible
In addition, owners can elect to add their residence in the 'rental pool' while they are away, allowing for rental returns to be generated.
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Why Indians find this Dubai property irresistible
DAMAC Properties has completed 37 buildings to date with 7,817 units and spanning 13,945,299 sq feet.
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Why Indians find this Dubai property irresistible
Fitness centre at the DAMAC towers.
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Why Indians find this Dubai property irresistible
Swimming pool at the DAMAC Towers.
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Why Indians find this Dubai property irresistible
The retail area at the DAMAC towers.
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Why Indians find this Dubai property irresistible
The prices of these luxury apartments start from AED 1.9 million (Rs 2.8 crore).
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