FENDI villas go on sale at AKOYA by DAMAC

FENDI villa

 

New Delhi: DAMAC Properties has launched sales of the world's first FENDI-styled villas. The 34 properties are located in a private-gated community in the 42 million sq ft AKOYA by DAMAC master development off Umm Suqeim Road in Dubai.

Each unit comes with interior designs and decor from the FENDI Casa range and offers a unique and stylish interpretation of the iconic Italian fashion brand, all of which is uniquely designed by FENDI’s specialist interior designers, to offer a contemporary home for the most prestigious living experience.

The villas, which come with a starting price of AED 36,000,000 and will be ready in Q1 2017, have a prime location overlooking the Trump International Golf Club, Dubai. The villas vary in size from 7,900 sq ft to 16,767 sq ft.
“These exclusive, limited edition, FENDI villas are being designed with only the most stylish and demanding clientele in mind. The creativity and elegance brought to life in the world’s first FENDI villas take pride of place in one of the most desirable locations in AKOYA by DAMAC.

Given the limited number of villas available, combined with the response we have already seen since announcing this project, we expect these one-off, select designs to be very well received,”
said Ziad El Chaar, Managing Director, DAMAC Properties.

FENDI Casa translates the FENDI savoir faire and creativity, as well as its distinctive materials, into elegant objects and cinematic ambiances that are timeless and exceptionally made. Fur is used for the sofas, cushions, carpets; leather on a couch is treated with the same flair as Selleria handmade and numbered bag; marbles, stones, woods are mixed in inventively precious ways. In pure FENDI style, pieces and details are so carefully streamlined. They become instantly iconic, from the Crystal chair to the spectacular Urano bed.

DAMAC Properties has a long-established collaboration with FENDI. The two companies are also collaborating on projects in the Kingdom of Saudi Arabia and Dubai Marina in the UAE.

DAMAC Esclusiva Luxury Serviced Apartments, housed within a 150 metre high tower overlooking the Kingdom Tower in Riyadh, will provide refined luxurious interiors by the Italian fashion house for more than 100 luxury serviced hotel apartments.

The two companies are also partnering on the interiors for private apartments, on the top 40-storeys of DAMAC Heights, which looks out over the Palm Jumeirah.

Established in 2002, DAMAC has delivered almost 10,000 units to date and currently has a development portfolio of over 25,000 units at various stages of progress and planning as of March 31st 2014.

About DAMAC Properties

For over a decade, the real estate portfolio of DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market. With an enduring passion for design and quality, the company has built a reputation for creating some of the most iconic and desirable properties in the UAE, Qatar, Saudi Arabia, Iraq, Jordan and Lebanon.

Established in 2002, DAMAC has delivered almost 10,000 units to date and currently has a development portfolio of over 25,000 units at various stages of progress and planning as of March 31st 2014.

DAMAC sells 300 luxury homes in Dubai in few hours

AKOYA

Who said that there is a global recession in real estate markets? Come to Dubai, where homes are selling like hot cakes. The latest report that luxury home developer DAMAC Properties' project to be launched was sold out in just few hours is testimony to this trend.

Nearly 300 luxury apartments in Loretto, which is located in Downtown AKOYA and overlooks a private park similar to Hyde Park or Central Park, were snapped up during a suhoor (a morning meal during Ramadan) taking place in six venues across the UAE recently.

More than 300 investors, from as far afield as the Kingdom of Saudi Arabia, Qatar, Kuwait, India, Pakistan, Russia and the CIS countries, flocked to venues throughout the country to capitalize on the strength and future growth of the Dubai real estate market, says a Albawaba report.

“Top end luxury living, in the right location, with the right developer, is proving to be as in demand as ever before,” said Ziad El Chaar, Managing Director, DAMAC Properties, adding, “The market remains bullish, with savvy investors from all over the world recognizing the intrinsic investment opportunities that are abound.”

“Despite the scaremongering to the contrary, the Dubai property market remains at the top of its game and is driving great value to smart buyers,” he added.

AKOYA by DAMAC, which was named as the best golf development in the world at the International Property Awards, remains one of the most sought-after developments in the region. Set around the Trump International Golf Club, Dubai, the luxury living experiences include branded villas and mansions by FENDI, Paramount Hotels & Resorts and The Trump Organisation.

The project, which will begin handing over units next year will be fully complete in 2018 and include hotels, hotel apartments, a 1.3km outdoor retail strip, private park, schools and hospitals.

Established in 2002, DAMAC Properties has delivered almost 10,000 units to date and currently has a development portfolio of over 25,000 units at various stages of progress and planning as of March 31st 2014.

Paramount's DAMAC Towers all set to rise in Dubai

New Delhi:  DAMAC Properties, one of the largest residential, leisure and commercial developers in Dubai and the Middle East, has announced the completion of the first major construction phase at DAMAC Towers by Paramount.

The concrete raft has been cast at the US$1 billion project in the Burj Area of Dubai, allowing main construction to begin on all of the four towers.

DAMAC Towers by Paramount passes key construction mark

"This is a critically important phase for the development," said Niall McLoughlin, Senior Vice President, DAMAC Properties. "Now that the full raft has been cast, work can begin on the main floors. As you drive past the project in the coming weeks and months, you will start to see this impressive structure rise from the ground."

More than 19,000 cubic metres of concrete and over 2.2 metric tonnes of reinforced bar were used in the construction of the raft. Work is now underway on the four main 70-storey towers, which will eventually rise 250 metres into the air.

The project includes more than 1,800 units comprising one, two and three bedroom serviced hotel rooms and residences.

The Serviced Hotel residences come fully furnished and fully serviced, with fitted kitchens, valet parking, concierge, housekeeping, in-room beauty treatments and a kids club. In addition, owners can elect to add their residence in the 'rental pool' whilst they are away from Dubai, allowing for rental returns to be generated on the unit - all managed by DAMAC Maison.

The project also includes a Paramount Hotels & Resorts hotel in which investors can purchase a stake in the booming Dubai hospitality market by owning their own hotel room and earning revenue on the unit.

The project also includes a multi-level plaza, offering a selection of themed food & beverage concepts, meeting & events facilities, a screening room, wellness & fitness centres, swimming pools, kids club, retail, and merchandise.

DAMAC Towers by Paramount was the first project announced as part of the collaboration with Paramount Hotels & Resorts(PHR-FZ-LLC). Since then, DAMAC Properties has introduced the Paramount Hotel Jumeirah Waterfront, in addition to the DAMAC Villas by Paramount being developed at the AKOYA by DAMAC master development and DAMAC Tower by Paramount luxury serviced apartments on King Fahd Road in Riyadh, KSA.

"The projects with Paramount Hotels & Resorts have proved to be among the most popular in Dubai, as our clients see the intrinsic value of branded real estate, which is realising values nearly 60% more than non-branded projects in the Burj Area," added McLoughlin. "The consistent construction on the project will only enhance the attractiveness of DAMAC Towers by Paramount to buyers interested in the Burj Area of Dubai."

DAMAC Properties has completed 8,887 units to date and has a further 23,688 units at various stages of progress and planning across the Middle East region.