Thursday 21 February 2019

Damac announces grand BMW offer this festive season

DUBAI, December 26, 2016

Luxury real estate developer Damac Properties will be offering a brand new BMW or a similar luxury car - with the purchase of select luxury apartments, priced at Dh599,000 ($163,037) onwards, in the emirate this Dubai Shopping Festival (DSF).

The emirate's biggest retail extravaganza, DSF kicks off today (December 26) and will run till January 28.

Known for its big deals for discerning customers, Damac has been at the forefront of luxury real estate development in Dubai.

In addition to its promotions, the company stresses high appreciation potential and returns in the Dubai property market.

Announcing the promotion, Niall McLoughlin, senior vice president, Damac Properties said: "We’re pleased to offer investors a unique opportunity to experience the pleasure of luxury with Damac and drive away in a BMW or another luxury car, when they invest in a property across select luxury developments in Dubai."

"From luxury apartments overlooking Dubai Canal to branded residences in Dubai Marina, this offer allows property buyers not only to live the luxury, but to drive it too," he stated.

As of September 30, Damac had delivered approximately 16,800 homes. It has a development portfolio of over 44,000 units at various stages of progress and planning, comprising over 13,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, Damac Hotels & Resorts.

"With the city’s development still on the rise, there’s no better time than now to invest in property that will show high appreciation in the years to come," remarked McLoughlin.

"With Dubai’s real estate returns averaging at 7-9 per cent, easily 2-3 per cent higher than its matured international counterparts like London, New York or Paris, the city becomes a more attractive investment destination. In prime areas, even a 10-12 per cent return isn’t uncommon,” he stated.

"The market value of Dubai’s real estate sector also receives a push from socio-economic factors such as continuous population growth, expanding job markets, rapid infrastructural development, increasing tourism and retail growth – leading to a boost in the desirability and profitability of real estate," he added.-TradeArabia News Service

Tags: BMW | Damac | Dubai Shopping Festival | apartment |

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