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Press Releases / Press News


Damac Launches Luxury Homes In Business Bay At Only Aed 6,999 Per Month

Dubai, UAE – 19 June 2019: DAMAC Properties announced the launch of its new project, ‘Zada’, in Dubai’s Business Bay area. Priced at AED 699,999, the exquisitely designed one-bedroom apartments offer views of the iconic Dubai Canal. The official launch will take place on 29th June 2019, and DAMAC is offering prospective buyers a chance to pay for the property in monthly instalments of AED 6,999 over five years.

DAMAC’s latest project comes as a response to the growing demand for accessible luxury in the region. Zada is strategically located within a master-planned community in Business Bay, and offers world-class amenities such as a swimming pool, a children’s playground, and a fitness centre, among others. Owing to its location in one of Dubai’s most coveted neighbourhoods, residents will also enjoy the best of shopping, dining, and entertainment experiences in their vicinity.

Speaking at the announcement, Niall McLoughlin, Senior Vice President, said, “We are thrilled to present Zada, DAMAC’s latest offering in the premium living segment. Dubai’s real estate market is evolving fast, and there is a growing demand for accessible luxury homes. Zada offers the perfect combination of great location, life-enhancing amenities, DAMAC’s unmatched quality, and value for money. We hope that our customers take advantage of the incredible launch day offer when we officially launch the project on the 29th of June.”

The launch of Zada comes at a time when DAMAC is focused on completing its current pipeline of development projects. Earlier this year, the developer handed over 727 homes in Ghalia, its first certified Sharia-compliant luxury furnished apartments; and is preparing to handover more than 1500 units in the coming months.

About DAMAC
DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002 – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the utmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom.
As of 31st March 2019, DAMAC Properties has delivered over 25,073 units. The company has a development portfolio of over 40,000 units at various stages of progress and planning, comprising more than 10,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.

 

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