DAMAC Properties, the largest private developer of luxury real estate in the Middle East, is holding a two-day roadshow in Saudi Arabia starting today (July 23) to showcase the latest luxury living in Dubai. Representatives from DAMAC will be available at the DAMAC offices in Al Anoud Tower 2 in Riyadh, in Al Shumeisi Building in Jeddah and in Al-Dossary Tower, Dammam. The offices are open from 10:00 p.m. – 02:00 a.m. The company has just announced the launch of the first phase of sales for luxury villas within the ‘AKOYA by DAMAC' project - a 28 million square feet master development off Umm Suqeim Road in Dubai. ‘AKOYA by DAMAC' will be the most luxurious golf community in Asia, with premium mansions providing a luxury living experience within a fully integrated community. The first phase of sales was launched with 205 units being made available. Earlier this month, DAMAC Properties launched the first ever serviced villas in Dubai. The Hollywood-themed ‘DAMAC Villas by Paramount' is the latest luxury living concept from the largest private developer in the Middle East, in collaboration with Paramount Hotels & Resorts. DAMAC Properties will also be showcasing the luxury serviced hotel apartments in the Burj Khalifa area of Dubai, overlooking the world's tallest tower and within walking distance of Dubai Mall. “Clients from Saudi Arabia have always been a key driver of the Dubai property market and remain one of the biggest investors in luxury living,” said Ziad El Chaar, Managing Director, DAMAC Properties. “Both the mansions within AKOYA by DAMAC and the luxury serviced hotel apartments in the Burj Area of Dubai will prove to be the ideal destination for our elite Saudi customers, who are on the lookout for opportunities to experience elegant, modern living.” At the heart of AKOYA by DAMAC is the ‘Trump International Golf Club, Dubai,' - an 18-hole PGA Championship Golf Course which DAMAC Properties is developing in collaboration with Trump, the leading global luxury companies in the golf sector and the world's most recognized brand, developer, owner and manager of world-class properties. ‘AKOYA by DAMAC,' is the largest in the history of DAMAC Properties, reflecting the recent significant growth of the real estate sector in Dubai. Dubai's property valuations are also experiencing strong growth with Asteco stating that valuations across the Emirate have grown 12 percent in the second quarter of 2013 alone and by 38 percent compared to Q2 2012. DAMAC Properties will also be showcasing The Signature, the company's first luxury serviced hotel apartments project, which at 50-storeys high, is an iconic landmark in the Burj Khalifa area. The project has already begun handing over and will begin housing its first guests very shortly. – SG
