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DAMAC Anticipates Demand for its Projects

DAMAC properties, a real estate developer, announced that its hotel apartment projects in New Dubai and Dubai South are more than 80 percent sold out.

The demand for its hotel apartment projects continues to rise as Expo 2020 nears, and investors look to secure units ahead of the surge in visitors.

DAMAC Maison de Ville Tenora, is DAMAC’s first project to be completed in Dubai South, with ready hotel apartment units being snapped up by investors.

Niall McLoughlin, senior vice resident, DAMAC, said, “As construction ramps up in preparation for Expo 2020, it is no surprise that investors are looking for real estate in this district to reap the highest rental yields early before demand drives prices up.”