Damac Properties, a top luxury real estate developer, saw global investors inquiring about its luxury master developments showcased at Cityscape Global, a leading real estate event that concluded in Dubai on Tuesday (September 23).

While investors from all over the world looked to learn more about Damac’s latest luxury master development, Akoya Oxygen, the 55-million-sq-ft project in Dubailand was the highlight of a high quality show.

“The last three days has shown investors belief in Dubai's fundamentals; this year's Cityscape Global has been the busiest ever for Damac Properties,” said Ziad El Chaar, managing director, Damac Properties.

“Dubai is set on a stable growth pattern and the response to AKOYA Oxygen and our full luxury portfolio is testament to that.”

Damac Properties had a number of important announcements at the show: revealing that The Trump Organisation will manage its 18-hole, championship-standard golf course in AKOYA Oxygen and that it has broken ground on a 1,250 key hotel in Business Bay, in collaboration with Paramount Hotels & Resorts - a project which will create the third largest hotel in Dubai.

‘The Paramount Hotel Dubai, Downtown’ will showcase timeless Hollywood elegance with contemporary styling and a polished integration of elements of Paramount Pictures movies through high tech media mapping and digital signage. As a compliment, the property will honour its own identity influenced by the local creative communities, becoming a living showcase of contemporary arts reflected in every facet of the hotel.

“Dubai remains the strongest real estate market in the world and the right product at the right time with the right luxury developer is still a huge draw to savvy investors looking to capitalize on the emirates safe-haven status,” added El Chaar. “We remain steadfast in our belief in Dubai and the core fundamentals which supports its strong growth.”

Established in 2002, Damac has delivered almost 11,000 units to date and currently has a development portfolio of over 26,000 units at various stages of progress and planning, a statement said. – TradeArabia News Service