Developer DAMAC Properties has announced the handing over of its ZADA Tower development in Business Bay to customers.
The handover adds to DAMAC’s growing portfolios of properties in Business Bay, with several high-rise developments completed or underway in the central location. In mid-2022, the developer handed over two adjacent towers – Reva and Vera, the firm said.
Situated in a prime location, ZADA is a 26-storey building that offers residents amenities such as a swimming pool, a children’s play area, a fitness centre, and retail outlets. Residents will also be close to several shopping, dining, and entertainment experiences in the vicinity.
Main work on the tower began at the end of September 2020 and the project’s successful completion and handover demonstrates the efficient pace of construction despite the challenges of COVID-19 at the time the work began, the developer said.
In late January 2023, the developer launched DAMAC Bay by Cavalli.
“As DAMAC is expanding globally, we continue to deliver world-class luxury projects in our home-base of Dubai. The city’s property market is thriving and real estate along the Dubai Canal is proving to be a popular selling point for interested customers,” said Mohammed Tahaineh, General Manager of DAMAC Properties.
“Our strong presence in Business Bay continues to grow and we are happy to be contributing to the development along the Dubai Canal where we can offer our residents some of the best views in the city,” he added, pointing out that aside from Reva and Vera, the developer also has an array of residential towers across the areas of Business Bay and Downtown Dubai, such as AYKON City, four DAMAC Maison hotels, and two Paramount Hotels by DAMAC.
The Vera Residence is a 30-storey tower featuring a basement and ground level, three podium levels, 25 residential floors with studios, one- and two-story apartments, and a communal rooftop area.
The high-end apartment block has a range of amenities including a children’s play area, barbecue area, temperature-controlled swimming pool, gym, running track, sauna and steam rooms, landscaped gardens, and covered parking spaces, the developer pointed out.
In early February 2023, the developer awarded the $241.2mn main works construction contract for Cavalli Tower.
Meanwhile, Reva Residences stands near the Dubai Canal, with access to the waterway’s covered walkways, lifestyle offerings and parks. The retail and dining options of the Burj area, are also a short distance away. The development also offers a collection of premium luxury apartments on the highest floors of the Reva Residences project, the statement concluded.
In early February 2023, it was announced that DAMAC Data Centres’ KSA facilities would go live before the end of 2023.