News from DAMAC Properties: Damac Hills and Cavalli Tower

10:09 pm  |  11.08.2023

DAMAC Properties has been operating in the residential real estate market in Dubai since 2002 as a division of DAMAC Group, a multi-purpose enterprise founded in 1982.

About Company

DAMAC has received multiple esteemed awards, including Best Developer of the Year. They have handed over nearly 44,000 properties to their owners, and their construction efforts have been steadily increasing over the past decade, demonstrating the company’s stability and reliability.

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The developer is now expanding their luxury projects beyond Dubai and Abu Dhabi, venturing into Saudi Arabia, Lebanon, Jordan, Kuwait, the USA, and the UK. This showcases the competitive edge of DAMAC real estate beyond the borders of the UAE. For instance, all the Thames view apartments in the London skyscraper, DAMAC Tower Nine Elms, which features interior design by Donatella Versace, were sold out during the pre-sale stage. Moreover, DAMAC’s partnership with premium brands to create exclusive properties is expanding. The developer’s portfolio already boasts full-service luxury apartments, five-star hotels, and lifestyle communities in collaboration with Versace, Paramount, Radisson, Fendi, Trump, Cavalli, and De Grisogono.

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You can track the stages of construction using photographic materials on the official website of the company, where there is also general information about each project and 3D tours, and brochures and documentation can be obtained upon request.

Damac Hills

One of the Damac Hill’s object

Damac Hills was the company’s first major project, a gated community featuring a top-notch golf course at Trump International Golf Club. It’s situated in a tranquil location, away from the bustling central and coastal areas, with excellent transport accessibility and premium infrastructure. The community spans across 4 sq. km and hosts approximately 30 micro-communities, consisting of over 3,000 villas and townhouses, and more than 4,000 apartments and serviced residences. Additionally, there are exclusive branded villas available.

The area boasts a variety of amenities, such as golf courses, a public park, stables, man-made lakes with fountains, a fishing spot, multiple community swimming pools, a fitness club, playgrounds, supermarkets, eateries, educational institutions, and a healthcare facility. With its diverse housing options and excellent infrastructure, the region attracts numerous tenants, resulting in a rental yield of approximately 7%.

Damac Hills 2

Damac Hills 2

The launch of the project confirms the high demand for residential real estate in the green oases of self-sufficient communities. Damac Hills 2 is a secluded community located in the desert, in the southern part of DubaiLand. It offers a greener living environment. Over 5 sq. km, it is planned to accommodate about 30 micro-communities and commission about 17 thousand residential properties: villas, townhouses, apartments, serviced residences, and hotel rooms.

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5 thematic clusters became the central elements of the project. An artificial lake for boating, a wave pool, a lagoon with a beach, a children’s aqua zone, and other water attractions are available at the water center. The sports town offers playgrounds for football, cricket, volleyball, tennis, and basketball, as well as outdoor exercise equipment. An equestrian center and a go-kart track expand your outdoor activities, while the Down Town location invites you to relax on the barbecue grounds, meditate in the rock garden, or get lost in the hedge maze.

Given the planned full-fledged social infrastructure, Damac Hills 2 attracts the attention of tenants and buyers with relatively low prices and shows an ROI of up to 6.6%.

Damac Cavalli Tower

The Cavalli Tower view

The Cavalli Tower is an impressive structure that overlooks Dubai Marina and provides stunning views of The Palm, the Burj Al Arab, the Arabian Gulf, and unique water features.

This complex is grand in its design and consists of 70 levels with interiors created by the exclusive Italian brand Cavalli. The cone-shaped architecture was developed by Sean Killa, who is renowned for his innovative design of the Museum of the Future in Dubai.

Exquisite finishes and bold designs will impress the most demanding customers with their style. Every inch of space from the lobby to the living areas is tastefully done. Buyers of real estate have an attractive opportunity to choose from a collection of branded 1-3 bedroom apartments, as well as penthouses of various layouts and sizes.

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