Luxury real estate developer Damac Properties has opened the first NAIA Hotels and Hotel Apartments project in the heart of the Burj Area of Dubai, UAE.

NAIA Breeze, a 342-key luxury project with five-star service standards overlooks the canal to one side and the world’s tallest tower to the other, said a statement.

Speaking from the Arabian Travel Market (ATM), executives from Damac Hotels & Resorts – the management arm which runs the NAIA brand – said that two further hotels will be completed in the next couple of years which will serve Dubai’s new central hub around Al Maktoum International Airport and the site of the Expo 2020.

NAIA Tenora is a 10-storey, 270 unit luxury hotel apartment project with a swimming pool, gymnasium, designer boutiques and coffee shops which will open in time to serve the predicted 277,000 employees working at the airport and preparing for the World Expo.

Niall McLoughlin, senior vice president, Damac Properties, said: “The Dubai Metro is to be extended 15km, adding seven new stops on the way to Dubai World Central and driving real estate valuations in the area up, but as much as 25 per cent.

“Construction on NAIA Tenora is progressing well and is set to be handed over to owners at the start of 2016.”

“The Dubai World Central district is set to be one of the most impressive construction projects in the world over the next five years and the news that the Metro line will now run right outside the project significantly improves the connectivity to the area,” said McLoughlin

“NAIA Tenora offers a luxury lifestyle experience on the doorstep of the world’s biggest airport hub and moments from the new World Expo 2020 exhibition site. Combining luxury and location, we believe NAIA Tenora is the ideal investment property with strong potential for impressive rental returns to provide ideal accommodation for those working on the project.”

The internal partition blockwork has been completed with the block works finished on the first and second floor and substantially complete on the third floor.

MEP works are also complete on the first and second floors with plastering work well underway and the windows are now being installed.

Damac Properties is also working on a second project in the area, NAIA Celestia, which be handed over to owners in 2017.

A ground plus seven-floor complex comprising luxury hotel apartment studios, one- and two-bedroom apartments, NAIA Celestia is a project in the centre of Dubai World Central.

It will also feature a gymnasium, and health and fitness club, as well as a plus swimming pool, and luxurious spa.

It will have its own retail area, with designer boutiques, fine dining restaurants, and an attractive retail avenue, said the statement.

The work is already well underway and National Piling has completed all excavation and piling work, with the dewatering process already started, it added. - TradeArabia News Service