Damac to develop plot in DMC
Plot at Dubai Maritime City will take developer’s total portfolio to 104 in the Middle East
Damac will develop a prime real estate plot in Dubai Maritime City.
RELATED ARTICLES: Damac launches towers in Riyadh and Dubai with Fendi | Damac establishes Iraqi joint venture | Egypt says land dispute with Damac resolved
Damac Properties, the largest luxury private developer in the Middle East, has announced plans to continue with its investment programme, with plans to develop prime real estate in Dubai Maritime City .
Dubai Maritime City is strategically located north of the main city centre and Creek area business district, between Port Rashid and Dubai Dry Docks.
The site is connected by a causeway to the wider road network, providing access to all of Dubai’s principle express-ways including Sheikh Zayed Road.
Damac Properties has already competed 37 buildings in the Middle East to date, with a further 66 at various stages of progress across the Middle East and North Africa. The plot at Dubai Maritime City will take the company’s total portfolio of buildings to 104.
“We are delighted that Damac Properties is leading the way in developing luxury living in Dubai Maritime City ,” Khamis Juma Buamim, Chairman, Drydocks World and Maritime World said. “The project will create a space where people can live; work and play, close to a stunning expanse of open sea and will be one of the most envious locations in the Middle East.”
Damac recently announced a partnership with Paramount Hotels and Resorts for the construction of a $1 billion, four tower project in the Burj Khalifa area of Downtown Dubai. The project will mark the first time Paramount has entered the hotel and real estate industry.
