Luxury real estate developer Damac Properties has announced that two of its iconic towers in the heart of Riyadh, Saudi Arabia, have been topped out less than two years after work began.

The Esclusiva and Tower by Paramount projects on King Fahd Road have now reached their final heights at 32 and 35 floors respectively. Blockwork on each tower has also reached the top floors, said a statement from Damac.

The first-of-their-kind developments in the kingdom offer the ultimate luxury living experience, with the 100 private serviced apartments in Damac Esclusiva designed with interiors by Fendi Casa.

Damac Tower by Paramount offers branded serviced apartments with the feeling and ambience inspired by the Paramount Pictures movies over the past century, it stated.

Commenting on the top-out success, Ziad El Chaar, the managing director, said: "These two projects are proving to be a huge success even before their completion. We are witnessing a high demand on these exclusive serviced apartments that are extremely well designed to the highest standards of luxury and very well located in the heart of Riyadh."

"Saudi businessmen and those visiting the capital regularly for business or leisure will enjoy a perfect solution in Damac Esclusiva and Damac Tower by Paramount," he added.

El Chaar pointed out that the property aims to offer home comforts and privacy in a beautifully-appointed home.

"From a value perspective, investors realise that branded properties are offering higher returns compared to the value of similar properties in terms of size and location. The value of branded properties can reach between 25 to 30 per cent higher based on some expert reports such as Knight Frank’s report on branded developments," he stated.

Damac, he said, was a leader in the field of branded developments through its co-operation with important and reputed international brands such as Versace, Trump, Paramount and Italian fashion house Fendi.

According to him, the unique features of the designs in Damac Esclusiva interiors will be the mix between the ancient Eastern heritage and the beauty of the Italian craftsmanship.

Both Esclusiva and Tower by Paramount will be completed next year and will be new landmarks in Riyadh overseeing the Kingdom Tower and setting a new standard in luxury living, he added.-TradeArabia News Service