DAMAC Properties, one of the region’s largest real estate developers, has announced a milestone in the construction of its luxury serviced hotel apartments project in Doha, the Burj DAMAC Marina.
The 13th storey slab has been cast at the 20-storey mixed-use development, set in the heart of the marina district of Lusail and scheduled for completion over the next 12 months.
“Qatar is experiencing a steep growth in investment and tourism and Burj DAMAC Marina will service the influx of international visitors heading to Doha in the coming years,” said Niall Mcloughlin, senior vice president, DAMAC Properties.
“We have seen a steep rise in interest in Doha, particularly in our international markets, following the announcement of the World Cup and expect Qatar to be a key market for DAMAC Properties in the coming years,” he stated.
Burj DAMAC Marina comprises of more than 100 luxurious serviced hotel apartments comprising one, two and three bedrooms.
DAMAC Properties is currently developing projects in Qatar, including the Piazza, which are set to hand over to owners in the next couple of months.
Buyers from Qatar are in the top ten countries for DAMAC Properties portfolio throughout the region. Doha was the first location outside the UAE DAMAC Properties expanded operations, recognising the global interest in real estate investment in the city.
Lusail, Qatar’s newest planned city, is located about 15km north of the city centre of Doha, just north of the West Bay Lagoon. Currently being built over 35km, it will eventually provide accommodation for up to 250,000 people.
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.
Work is fast progressing on the Burj DAMAC Marina.
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