Damac is one of the pioneers of affordable luxury off plan properties in Dubai, now extending its trademark across the Middle East and the UK. The developer is famous for residential projects, which offer affordable luxury. Prospective investors can consider a mix of apartment and villa projects. Off plan and ready property options are also available. The company began operating in 2002, delivering over 32,000 homes so far, with 34,000 more units in progress. Damac’s hospitality portfolio is operated under the Damac Hotels & Resorts brand.
For example, some residential projects, including Lake View and Lake Terrace at Jumeirah Lake Towers, Park Towers in DIFC, Damac Towers by Paramount Hotel&Resorts in Business Bay. In addition, Dubai Marina is home to Damac Heights and Ocean Heights skyscrapers, with splendid views across Marina and Arabian Gulf. The most famous residential developments include Damac Hills and Akoya Oxygen, in Dubailand.
Damac Residential Projects
Damac Towers by Paramount Hotel and Resorts
The towers are rising high over Business Bay, glowing beautifully at night, adding a touch of magic to the city’s skyline. Damac Towers prides itself on the highest standards of luxury hotels, blending with chic, stylish living, available high-end shopping, and outstanding services, courtesy of signature Paramount Hotels & Resorts. The four-tower masterpiece combines 1,200 luxury apartments. The fourth tower is reserved for hotel suites and services.
In addition, the residential skyscraper in Dubai Marina rises 86 storey high and offers a mix of one to five-bedroom apartments. It is overlooking the beautiful canal and has views across Palm Jumeirah. A wealth of amenities such as a swimming pool, gym, aerobics room, sauna, and steam rooms are available. Apartment prices in Damac Heights start from AED 950,000.
The 84-storey tower in Dubai Marina enjoys a supreme marina setting, with stunning views across the sea. Above all, the tower offers more than 519 apartments, starting at AED 950,000. Ocean Heights bears the signature of Ian Banham and Associates. The architect commented on the complexity of the project, stating it was challenging to obtain the slightly curved effect and unique design of the building:
“The building’s apartment layouts show a system of standard four-meter wide modules. Their sides stack up all the way down the building with only the front part of the module changing to produce the exterior twist,” he added. The building’s twist starts at the base on three of the four sides. The fourth side remains constantly orthogonal all the way up, making it an impressive achievement.
Famously known as the ” Beverly Hills of Dubai”, the gated community impresses with opulent villas and apartments that spread around the golf course. Furthermore, 400,000 square meters of parkland provide residents with an oasis of greenery and lovely scenery all year round. The 18-hole PGA championship golf course is a result of collaborating with Donald Trump, fully operational since February 2017. The development offers 3,008 villas and townhouses, with over 4,000 apartments including studios and one to three-bedroom units. Furthermore, there are 163 serviced hotel villas and 4,317 serviced apartments, hotel rooms, and hotel apartments. Also, Damac Hills includes sub-communities such as Golf Promenade, Golf Vista, and Trinity. Apartment prices start from AED 347,000 for flats, while villas sales start from AED 1,350,000.
Akoya Oxygen ( Damac Hills 2)
Akoya Oxygen rests south of Dubailand, 40 minutes drive from the city center. As of June 2021, many residential communities are complete and handed over. Community adheres to environmentally friendly standards. Besides, it promises to deliver energy-efficient homes, cleaner air, with a road network system designed to reduce pollution. Furthermore, Villa types range from three to six bedrooms including Oleander, Imagine, Mod Townhouses, Bughatti Villas, and the exclusive Just Cavalli Villas. Apartment prices start from AED 309,000, and villas for sale in Akoya Oxygen start from AED 549k,000. Amenities include a gym, pools, a butterfly garden, a fishing lake, a football pitch. Furthermore, a green zone with a jogging track will keep you busy. However, if you prefer to relax, you will be choosing the picnic park or the Zen garden instead.