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 Maison Royale The Distinction opens in Dubai


Damac Hotels & Resorts, the hospitality arm of Damac Properties, has announced the official launch of the luxurious Damac Maison Royale The Distinction, comprising well-appointed hotel apartments in

Trade Arabia

Damac chairman optimistic on Dubai property sector


Dubai’s maturing property sector is entering a new cycle of growth thanks to positive economic indicators as well as the increasing size and volume of new projects being announced across the UAE, sai

Trade Arabia

Damac awards $952m GCC project contracts


Damac Properties, a leading luxury real estate developer in the Middle East region, has awarded more than 370 contracts worth Dh3.5 billion ($952 million) since January this year.

The cont

Trade Arabia

Ticker Price Volume
QNBK 123.30 103,897
MMG 0.00 0
SABIC 100.87 2,504,855
CHEMANOL 7.11 932,192
TRADEUNION 20.69 200,872
TAWUNIYA 95.40 17,663
STC 71.32 119,991
DAMAC Sector Market
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
ARTC 2.93 -0.01 (-0.35%)
EMAAR 8.80 -0.11 (-1.24%)
EMAARMALLS 2.40 0.00 (0.00%)
UPP 0.84 -0.01 (-1.64%)
DEYAAR 0.50 -0.01 (-1.38%)
Etisalat: iPhone 8s to hit UAE stores on Saturday, September 23


Avid Apple consumers will have to wait until later next month to order the new iPhone X but etisalat announced on Friday that it will begin offering the new generation iPhone 8 starting Saturday, Sep

Gulf News

HSBC Saudi Arabia leads KSA’s first accelerated bookbuild


HSBC Saudi Arabia successfully led the execution of the first accelerated bookbuilding (ABB) process in the Kingdom with the sale of 16,000,000 shares in Almarai Company. The sale represents a 2 perc

Arab News

Tawuniya offers private motor insurance program


The Company for Cooperative Insurance (Tawuniya) has launched a comprehensive private motor insurance program. Al-Shamel program offers vehicle owners an insurance cover for any accidental loss or da

Arab News

It's awards season for A. Schulman and Sabic


Materials makers A. Schulman Inc. and Saudi Basic Industries Corp. each recently won awards for their customer service and for the quality of their materials.

Fairlawn, Ohio-based Schulman

Plastic News

Brand survey reveals loyalty levels among UAE banks


Emirates NBD inspires more customer loyalty than other UAE banks and has the highest trust levels in the country according to a new report released on Thursday.

The Bank Brands Customer Loya

Arab News