Monday, January 18, 2016

Emaar, Damac launch residential projects

Damac and Emaar, two major developers in Dubai have unveiled their first projects this year. The sales for the project, namely ‘Harbour Views - residences’ has been announced on 23rd January, The project is located in The Island District of Dubai Creek Harbour.

Apart from Dubai, sale of the project would be simultaneously launched in New Delhi and Karachi on 23rd January and in Mumbai on 24th January 2016.

A two storey development with a three-level podium will be the tallest residential project of the Island District of the mega creek development. All homes open to the views of the Creek, a Marina with Yacht Club, the Ras Al Khor natural bird sanctuary and the skyline of Downtown Dubai highlighted by Burj Khalifa.

The tower houses 750 residences, apart from podium apartments, in addition to 14 two storey villas with a dedicated entrance, stairway and parking. It is said that another noteworthy aspect of the project is that it will open views to another central iconic project, the details of which, would be revealed shortly. Harbour Views is likely to house world’s tallest twin towers too.

The Emaar Managing Director, Ahmad Al Matoorshi said that Harbour Views would stand apart as the tallest residential project in the Island District. Celebrating the marina lifestyle, Harbour Views homes are ideal for connoisseurs who cherish a relaxed way of life in the heart of the city with all modern amenities located within walking distance.

Meanwhile, Damac Properties has launched ‘Navitas Hotel and Residences’, a five-tower project in its Akoya Oxygen Golf Course Community, worth total of Dh.850mn. Among the five towers, one tower comprises 312 hotel rooms, managed by Damac Hotels and Resorts, while the rest four towers will house residential units that overlook the golf course and the whole project.

The five 14 storey towers are a major opportunity for those panning for investment properties. The starting price range is Dh.440,000 with a four-year payment plan option.

Akoya Oxygen spans 55million sq.ft. in Dubailand, and comprises Vista Lux, a one million sq ft central entertainment and retail district, a Hydroponic Cafe, a rainforest and a restaurant.