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.


Trade Arabia

Damac issues enabling works tender for its Vera Residences

20/03/2018

Damac Properties has issued a new tender for enabling works on its Vera Residences, a luxurious 30-storey tower in the heart of Business Bay, with elegantly appointed interiors, world-class amenities

The Gulf Today

Damac issues tender for new Aykon City tower

13/03/2018

Dubai-based Damac Properties has issued a new tender for main works for a second tower at its six-tower luxury master development, Aykon City, on Sheikh Zayed Road overlooking Dubai Canal.

Trade Arabia

Damac awards Dhs424m construction contract

08/03/2018

Damac Properties has awarded another construction contract worth Dhs424 million to Arabtec to build additional villas in AKOYA Oxygen. EFECO (Emirates Falcon Electromechanical Co.), a subsidiary of A

The Gulf Today

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683
STC 83.41 257,644
DARALARKAN 13.47 74,648,349
DAMAC Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
EMAAR 5.61 -0.03 (-0.54%)
EMAARMALLS 2.16 0.00 (0.00%)
EMAARDEV 5.33 0.03 (0.56%)
UPP 0.88 -0.01 (-1.13%)
ARTC 2.23 0.00 (0.00%)
SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News