Luxury real estate developer Damac Properties is to deliver the first homes within Dubai’s flagship project, Dubai South, over the next six months.
The 145-sq-km city, previously known as Dubai World Central, includes the Al Maktoum International Airport and the site for the World Expo 2020, and has been rebranded as a new urban and economic centre focused on creativity and empowerment.
Damac said NAIA Tenora will be the first luxury serviced hotel apartments to be opened on the site when construction is completed. All of the blockwork and plaster work has been completed at NAIA Tenora, with the tiling and external finishes close to completion. The 10-storey, 270-unit tower in the heart of Dubai South will support the tens of thousands of professionals working to build the Expo 2020 site, and it is ideally located for the city’s future growth, it stated.
“Dubai South is the real pearl in the expansion plans for Dubai and NAIA Tenora will sit right at the heart of this exciting project,” said Niall McLoughlin, the senior vice-president, Damac Properties.
In addition to the fully furnished units, with concierge, restaurants, gymnasium and a children’s play area, units within NAIA Tenora can also be added to a rental pool, offering a fully managed solution for investors looking to tap into Dubai’s booming tourism and hospitality market.
In addition to NAIA Tenora, Damac Properties is developing a second serviced living project in Dubai South, NAIA Celestia, which will be ready in 2017.
In addition to the Al Maktoum International Airport and World Expo 2020, Dubai South is now building economic zones to empower business and entrepreneurship, as well as residential villages to provide an unrivalled quality of life.