Damac Maison Prive starts hotel apartment sales

Damac Properties has announced the release of units in Damac Maison Privé, waterfront hotel apartments in the Burj area, with direct views of Business Bay’s marina.

The developer said in a statement that it is providing the opportunity for investors to own a luxury hotel apartment.

Damac Maison Privé offers adjacent towers comprising 1,027 units overlooking the canal and when not in use, investors can place their units in the Damac Maison's rental pool scheme, the statement added.

Earlier this week, studios, one- and two-bedroom furnished hotel apartments were released with a starting price of US $252,272 (AED 945,000), Damac said.

Damac Properties vice president for corporate communications Tim Fallon said: “Dubai is undeniably one of the top-performing markets globally when it comes to hospitality, enjoying among the highest occupancy levels in global cities.

"Even with a healthy pipeline of new units, the demand driven by increasing visitor numbers to the emirate in the run up to world-class events such as Expo 2020 combined with easing visa restrictions will continue to outpace the supply in the long-run, making hotel apartments and hospitality units an essential constituent of a sound investment portfolio.”

Also available to investors’ at the same sales event are hotel apartments in Akoya by Damac golf master plan community.

The Damac Maison de Ville Artesia towers C&D house 513 luxurious units with prices starting at $175,599 (AED 645,000).