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Written by Damac Properties
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Sunday, 15 April 2007 |
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We are pleased to annouce that we have formed an affiliation with DAMAC Properties Damac Properties, is the largest private sector master developer and luxury lifestyle provider in the Middle East.
Dubai is part of the seven emirates making the United Arab Emirates in the Middle East. Since the formation of the United Arab Emirates in 1971, Dubai has developed rapidly from oil and gas based state to a broadly based market economy. A 30 year development plan provided for substantial investment in education and infrastructure (transport and telecommunications) and has led to rapid growth in trade and inward investmentDubai offers a world-class airline (Emirates Airlines), world-class tourism (over 30 five-star hotels and the world's first seven-star hotel, Burj Al Arab) and world-class sporting events: The Dubai World Cup (the world's richest horse race), the Dubai Desert Classic (golf) and the Dubai Rugby Sevens.In recent years, Dubai has established Dubai Internet City and Dubai Media City, providing the regional hubs for IT (notably Microsoft and HP) and media businesses (Reuters and CNN). In September 2003, Dubai hosted the 2003 Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.The success of the Dubai economy is the result of dynamic and visionary leadership, an ultra-modern and efficient infrastructure, the absence of government bureaucracy, and a diversely skilled, well educated, multi-cultural and multi-lingual workforce. It has an abundant supply of housing for expatriate professionals, and excellent schools and centres of further education.All this has made it one of the fastest growing cities in the region, and one of the world's most prominent centres for business and leisure. DAMAC Properties of Dubai is part of DAMAC Holding. The Group was established 23 years ago and is organized in 6 divisions: Catering and food Services, Insurance, Education, Investment, Manufacturing and Properties. The organization has over 6000 employees and operates in 16 countries.
Since the month of May 2002 the property market has been booming in Dubai, the reason being 'freehold' for all foreigners and a residency visa for the buyer and his family with most projects. Our company was already established in the property development market long before that date so when the 'freehold' law was passed we had a head start to launch several projects that sold out quickly.
In addition to 'freehold' and the residency visa benefits, buying property in Dubai has several attractive advantages: ü Systematic appreciation, 50 to 200% over the last two year depending on the project and the location ü High rental yields, between 8 and 12% ü 10% growth in population per annum and 8% in GDP, insuring demand exceeds supplyü A superb tax haven, zero taxation on property, capital gains and rental income ü International demand from over 72 nations ü Ease of foreign business setup and off shore bankingü The launch of many developmental projects by Dubai government also insuring continuous demand In the last two years DAMAC has developed 52 developments all characterized by their unique locations, iconic designs and many amenities. Our projects are mainly residential but commercial and retail space is also available. Please visit our web site at www.damacproperties.com
We are receiving many inquiries from various cities in the US and Canada especially in cities with citizens with origins in Iran, Pakistan and India. We are looking to collaborate with professional real estate agencies in the US and Canada to promote our developments in Dubai. We offer excellent agent support, an attractive commission structure and ample marketing support. We trust that you’re interested in international properties so that we can start our communication and eventually our collaboration. We plan to visit different parts of the US and Canada before the end of this year. Those are some of our Residential Projects: 1. MARINA TERRACE location : Dubai Marina,floors : 36 floor building structure,Apartment Types: 1, 2 & 3 bedrooms to a Designer floor & 4 bedroomexclusive, duplex penthouses with very high quality finishes with privateswimming pools ,Area ranges : from 915sqft up to 5000 sqft,Expected handover: End 2005,Views : waterfront.Availability : SOLD OUT & READY for OCCUPATION 2. THE WAVES. Location :Dubai Marina,Towers :TWO TOWERS :Tower A is a 27 floor building structure overlooking the marina above the tower B,Description :Tower B is a 10 floor building structure right on themarina corner with the best waterfront view,Apartment Types :1,2,and 3 bedroom apartments to duplex penthouses withroof top penthouses with private gardens and private swimming pools,Area ranges :from 600sqft upto 4500 sqft ,Expected handover: 1st Quarter 2006. views :Waterfront.Availability : SOLD OUT & READY for OCCUPATION 3.JUMEIRA BEACH RESIDENCE. Location :Opposite Hotel RITZ CARLTON on the sea front nearDUBAI MARINA,Towers :TWO TOWERS ,Building no CO2 AND CO8,Apartment Types :1 and 2 bedrooms ,Area ranges :968sqft to 1302 sqft,Expected handover: Early 2006,views :Sea view and Palm view. 4.LAKE TERRACE. Location :Jumeira lake Towers ,Description :40 storied building structure,Apartment Types :studio ,1,2 and 3 bedrooms,Area ranges :470sqft to 2000sqft,Expected handover:Mid 2006,Views :Waterfront.Availability : SOLD OUT apartments and retail 5.LAKE VIEW. Location :Jumeira lake Towers,Description :41 storied building structure,Apartment Types :studio,1 and 2 bedrooms ,Area ranges :357sqft to 1650sqft,Expected handover:End 2006,Views :Waterfront. Availability : SOLD OUT apartments and retail
6.PARK TOWERS. Location :Dubai International Financial Center ---sheikh Zayed roadRoad, Description :TWO TOWERS ,Tower A AND Tower B,30 floors building strucure each,Apartment Types :1,2,and 3 bedrooms,Area ranges :1050sqft to 2100sqft,Expected handover: End 2009 7.PALM TERRACE. Location :PALM JUMEIRA ---- Eighth Wonder of the world in theArabian Gulf,Description :12 floors building structure,Apartment Types :1,2,3 bedroom apartments and 4 and bedroom duplexpenthouses ,Area ranges :1073sqft to 5700sqft,Expected handover:2006,views :Sea and Canal view.Beach :Private Beach.Availability : SOLD OUT 8.PALM SPRINGS. Location :PALM JEBEL ALI ---The second Palm Island,Description :17 floors building structure,Apartment Types :1,2,and 3 bedrooms,Area ranges :900sqft to 2800sqft,Expected handover:2008,views :sea views.Beach :Private Beach .Availability : SOLD OUT 9- Ocean HeightsLocation : Dubai MarinaDescription : 82 floors building structure,Apartment Types :1,2,and 3 bedrooms, Penthouses and Duplexes Area ranges :900sqft to 2800sqft,Expected handover: End 2009, Views :sea views. 11- The CrescentLocation : International Media Production Zone – Off Emirates RoadDescription : 18 floors building structure,Apartment Types :Studios and 2 bedrooms.Area ranges : 506 Sqft and 1400 SqftExpected handover: May 2008Views :Lake view. 12- Lago VistaLocation : International Media Production Zone – Off Emirates RoadDescription : 16 and 18 floors building structure,Apartment Types :Studios and 2 bedrooms.Area ranges : 508 Sqft and 1400 SqftExpected handover: February 2009Views : Lake View 13- Jumeirah Gardens Location : Jumeirha Village SouthDescription : Ground + 4 floors.Apartment Types :Studios 1 and 2 bedrooms.Expected handover: End 2008Views : Gardens. 14- Tuscan Residences Location : Jumeirha Village SouthDescription : Ground + 4 floors.Apartment Types : Studios 1 and 2 bedroomsExpected handover: February 2009Views : Gardens.Pre- launched only floors |
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Last Updated ( Friday, 04 May 2007 )
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Dubai 
