Damac Properties is set to deliver its flagship European project - Damac Towers Nine Elms - a 50-storey ultra-luxury twin tower in the upscale Zone1 district of London featuring studios, one-, two- and three-bed units along with penthouse apartments.
Dubai-based developer Damac has announced its foray into US real estate market by winning the $120 million bid to acquire land in an upscale Miami neighbourhood. It plans to build an ultra-luxurious, Cavalli-branded condominium project on the plot.
Damac Properties is set to launch two new clusters - Venice and Malta - within its water-inspired neighbourhood, Damac Lagoons, launched last year in Dubai. The project comprises 8 cities inspired by nations based on the warm waters of Mediterranean Sea.
Damac Properties is set to launch two new clusters - Venice and Malta - within its water-inspired neighbourhood, Damac Lagoons, launched last year in Dubai. The project comprises 8 cities inspired by nations based on the warm waters of Mediterranean Sea.
DUBAI: Damac Properties is increasing its stake in its international unit developing the flagship Nine Elms project in London.
The Dubai-based property developer would increase its ownership of Damac International to 45 percent from 20 percent, it said in a stock exchange statement on Monday.The international unit is also working on a project in the Maldives.
Damac Towers Nine Elms is a 50-storey tower being developed on London’s South Bank with one, two and three-bedroom units starting from about £929,000 ($1.3 million).
UK property prices rose in February ahead of the end of a stamp duty holiday this month., according to the Nationwide Building Society.