Sunday, April 23, 2017

Damac launches premium hotel property in Dubai

Damac Properties, a leading luxury real estate developer in the region, said it has launched Golfotel, the only premium five-tower hotel property surrounded by a golf course in Dubai, UAE.

An ambitious project for the company, Golfotel will feature over 2,000 well-appointed contemporary rooms with golf views of the Trump World Golf Club Dubai, which is set within the 55-million sq ft community Akoya Oxygen.

The hotel features amenities such as a lounge and international restaurants, a gymnasium, an outdoor swimming pool as well as shuttle services to the best tourist attractions all over Dubai and complimentary airport transfer.

It is located at an equal distance from Dubai International Airport and Al Maktoum International Airport and is in close proximity to popular tourist attractions in Dubai.

The announcement from Damac Properties comes ahead of its participation at the Arabian Travel Market 2017, which kicks off tomorrow (April 24) in Dubai.

Niall McLoughlin, senior VP at Damac Properties, said: "Investors will be pleased with the opportunity to own a hotel room on an international golf course that reaps higher returns than any other investment classes."

"Owning a hospitality unit provides an attractive return on investment due to the burgeoning tourism industry and potential revenues that can be generated. What we are offering is even more lucrative owing to the unique setting in a golf community - such properties usually command a premium because of their location," remarked McLoughlin.

Although not necessarily avid golf players, residents and tourists are usually lured by the proposition of a premium lifestyle and sense of prestige due to the proximity of the golf course, in addition to the serenity associated with green and open spaces and impeccably manicured landscaping.

"Communities such as Akoya Oxygen attract residents and tourists who aspire to a certain lifestyle that only these integrated communities can offer," explained McLoughlin.

Damac Hills and Akoya Oxygen are the first integrated golf developments that promise to be lifestyle destinations for people of all ages due to entertainment, hospitality and retail elements.

"Young and mature audiences are appealed by the experiences they present besides being an investment that will provide long-term high returns - Damac has brought Dubai golf community living to a new level," he added.-TradeArabia News Service

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