Damac Properties has announced its ninth project, 'Water's Edge' in Business Bay.

Water's Edge is basically a twenty storey commercial waterfront development, but the company has not yet divulged the value of the project.

The Chairman of Damac Holding, Hussain Sajwani, said "Our presence in Business Bay is due to deep-rooted belief in the extremely dynamic and vibrant master-plan being created for the development. The launch of the project is due to the impressive success experienced by the previous eight projects launched by the company in Business Bay, like, Business Tower, Executive Bay, Capital Bay, The Corner, Business Central, HAZ Tower, XL Tower and the Park Central."

Water's edge is expected to be a self-contained development with office space, retail space and recreational facilities.

Damac CEO, Peter Riddoch, has mentioned that Water’s Edge would be the ideal location for those who enjoy being in the midst of all action, like the pleasure of working in an office tower, which perfectly complements the various advantages that a self-contained development has to offer.

"Water's Edge is a perfect commercial eco-system with wonderful waterfront views. An exclusive world of boutique retails space that adds zest to the environment. The project will also have a serene and beautiful landscape with parking at five levels," he added.

Damac also recently launched 'The Signature Series', featuring the most expensive penthouse in the region, with each penthouse costing more than eight million euros.