Damac launches seaview luxury tower in Qatar

Damac Properties - DAMAC
2.88 -0.02 -0.69%
18/05/2017 07:28 AST

Damac Properties, a leading real estate developer in the region, is set to launch Burj Damac Seaviews, a 31-storey luxury tower featuring furnished and serviced apartments and townhouses, in Qatar next week.

Located in the prestigious Marina District of Lusail City, an ideal destination to visit, live, work and do business, Burj Damac Seaviews represents an ideal investment destination nestled by the fabled waters of the Arabian Gulf, Qatar’s proud past, said a statement from Damac.

Elegantly designed, the décor of each room will allow people to relax in the lap of luxury, while the two bedroom townhouses facing the seaside will provide private access to the seashore, it stated. Burj Damac Seaviews apartments will go on sale in Doha on May 24 at Damac sales office with a starting price of QR2.5 million ($686,057).

Niall McLoughlin, the senior vice-president at Damac Properties said: "Lusail City represents the centre of Qatar’s future. From this point, we are bringing to the country yet another development that will raise the bar of its hospitality sector."

"In addition to the premium location and spectacular sea views this project offers, investors can enjoy the option to become part of our rental pool. This means that they can earn rental income from their property when they are not staying there themselves," he added.

As set out in the Qatar National Tourism Sector Strategy 2030, the country seeks to attract more than seven million leisure and business travellers annually, with hotel accommodation supply to reach over 56,000 units.

World-class events and leisure and cultural facilities are set to appeal to global tourists as well as regional travelers seeking a tourist destination nearby.

In Qatar, Damac Properties is currently developing two other high-rise projects: namely Burj Damac Marina, Qatar’s finest luxury hotel apartments, and Burj Damac Waterfront, luxury hotel apartments by the ocean, both also located in Lusail City and managed by the company’s hospitality arm Damac Hotels & Resorts. Previously, Damac Properties has also delivered The Piazza, a world-class residential complex by the sea in Lusail City. Located 15 km north of the city centre of Doha, Lusail is Qatar’s newest planned city. Currently being built just north of the West Bay Lagoon, it stretches over 35 km and will accommodate up to 250,000 people.

The city will include marinas, residential areas, island resorts, commercial districts, luxury shopping and leisure facilities including two golf courses and an entertainment district. The Marina District located at the southern end of Lusail, close to the West Bay area will be the most attractive and appealing part of the city.

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