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Real Estate in Dubai on a High DAMAC Properties Launches Luxurious Residences to Meet Rise in Demand(October 15, 2013)
Dubai, UAE (PRWEB) October 16, 2013
There is a very positive trajectory for Dubais real estate industry these days, proving once again that it is truly a city where everything is possible. Currently, it is enjoying a post-recession property boom and even boasts of the recent launch of new condominiums in the city by DAMAC Properties. The condominiums are 10 minutes away from Sheikh Zayed Road and the units provide potential buyers an impressive panoramic view of the grand Trump International Golf Club.
The condominiums and golf club are already two of the major attractions for tourists and golf enthusiasts from across the globe especially due to the fact that the golf course was designed by the 2016 Olympic Games Golf Course Designer, Gil Hanse. Major golf tournaments are expected to be held at the Trump International Golf Club and the condominiums will likely house the sports big names and global fans during such events.
The new golf condominiums set in AKOYA by DAMAC are attracting both local and foreign investors, specifically North African, Asian and other Middle Eastern ones, despite relatively higher property prices. Ziad El Chaar, the Managing Director of DAMAC Properties, said, AKOYA by DAMAC is fast becoming one of the most desirable golf course communities anywhere.
Interested buyers can choose from studio units or one-, two-, three- and even four-bedroom designer apartments positioned strategically across the five regions of AKOYA by DAMAC. Every region, named Golf Panorama, Golf Horizon, Golf Vista, Golf Terrace and Golf Veduta, overlooks the fifth, sixth, seventh and eighth holes of the Golf Club.
With the impressive overall design and the wide array of choices for units, many real estate investors believe that along with the positive atmosphere of the industry and the stable economy, they will secure a good return on their investment, whatever personal plans they may have for these new properties in Dubai.
The golf condominiums are just some of the developments contributing to the real estate boom in the city. The royal familys support for further infrastructure developments is a vital factor as well especially in luring more investors, claim real estate companies in Dubai.
Optimism truly abounds for real estate and the Dubai Land Department has proof. In a report they released mid-July 2013, it states that valuation requests increased in Dubai by 70% compared to the previous years, and 49.7% of the requests were made for completed buildings, including the newly-erected luxury residences. Of course, there remain concerns that the present desirable investing climate will not last, but real estate developers, like DAMAC Properties, are not too perturbed for Dubai has always been economically resilient. Instead of worrying about what could happen, their focus is on meeting the present high demand and creating residential properties that will not fail to attract.
Read the full story at http://www.prweb.com/releases/2013/10/prweb11227049.htm.