Construction

Damac hands over first Dubai South units

Developer says Damac Maison de Ville Tenora hotel apartment project is first to be completed in the planned 145 sq. km. city

Damac Maison de Ville Tenora

Damac has started handing over units in a building in the Dubai South district, which it says marks the first project to be completed in the planned 145 sq. km. city.

The hotel-apartment development Damac Maison de Ville Tenora has been completed, the Dubai Financial Market-listed firm said in a statement.

It also announced that Damac Maison de Ville Celestia, another hospitality project in the area, is at “an advanced stage of construction”.

Damac Maison de Ville Celestia

Damac Maison de Ville Celestia

Both are based in the Dubai South mega-development, which is being built around the Al Maktoum International Airport, in close proximity to the Expo 2020 site.

The last units in the two projects will go on sale in Dubai from October 13-15, Damac said.

“Ready-to-move-in hotel apartments in Tenora will be offered at a starting price of AED 587,000, while Celestia units, with substructure already completed and delivery set to be in 2018, are priced to start at AED 560,000,” Damac said.

“Our hotel apartment offering in Tenora and Celestia is uniquely attractive as they benefit from prime, high-demand locations at the centre of Dubai South and a return on investment can be realised immediately leading up to and during the Expo 2020 Dubai,” said Ziad El Chaar, Managing Director at Damac Properties.

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