12 July 2016
Golf and Beach-style Living for Millennials;

Three-Bedroom Apartments Starting from AED 1.25 million with a 3-year Payment Plan

Dubai, United Arab Emirates - DAMAC Properties today announced the launch of 'The Beach at Navitas Hotel & Residences,' an inspiring new collection of golf and beach-style living apartments set within the award-winning AKOYA Oxygen master development in Dubai.

A collection of five towers, Phase 1 will see the release of three-bedroom apartments with prices starting at AED 1.25 million and with a three-year payment plan. The units will go on sale at Maison Café, DAMAC Maison Canal Views, Al Abraj Street, Business Bay in Dubai, on Wednesday, 13th July from 12 noon to 12 midnight.

These three-bedroom apartments are designed for a new generation of millennials - aspiring young couples and young families looking for the perfect vacation home or permanent residence in Dubai, focused on lifestyle and well-being, in a secure 21st century community environment.

The resort-style residential and hotel complex will provide residents and visitors alike with a holiday-like experience with views over the golf and expansive pools and surrounded by artificial sandy beaches, restaurants, cafes and entertainment areas, in addition to trendy gyms, spa areas and dedicated children's play areas. The residential units will benefit from the hospitality services of the DAMAC Maison de Ville Navitas nearby.

Ziad El Chaar, Managing Director, DAMAC Properties, said: "The Beach at Navitas Hotel & Residences is for those who would like to enjoy relaxed, resort-like living and escape from the bustle of urban life. The serenity of the community and the green, open spaces are best-suited to residents and tourists who treasure the tranquility of a beach-front setting while still being in close proximity to the city. The hotel units will also provide investors with the opportunity to be part of the emirate's flourishing hospitality industry, with lucrative returns and hassle-free management through a rental agreement with the operator, where the administration, management, bookings and maintenance are taken care of."

The Beach at Navitas Hotel & Residences is set within the sprawling 55-million-square-foot AKOYA Oxygen master development, dubbed 'Dubai's first green residential address' and winner of the "Best golf course development" award in the International Property Awards. Residents will enjoy a stunning green environment that's both easily accessible and yet set in the heart of nature. They will also benefit from access to the world-class facilities of AKOYA Oxygen, including the 18-hole championship golf course by Tiger Woods Design, Vista Lux's retail, hospitality and entertainment and Dubai's first tropical rainforest, as well as healthy dining options, an organic fresh market, schools and nurseries.

Further information is available at www.damacproperties.com

About
DAMAC Properties has been at the forefront of the Middle East's luxury real estate market since 2002 - bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the upmost quality. The company's footprint now extends across the Middle East with projects in the UAE, Qatar, Saudi Arabia, Jordan and Lebanon.

As of 31st March 2016, DAMAC Properties has delivered over 15,800 homes, including approximately 2,000 hotel units. The Company has a development portfolio of over 44,000 units at various stages of planning and progress, comprising more than 13,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.

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For more information please contact: Tim Fallon, Vice President - Corporate Communications, DAMAC Properties. Tel: +971 4 373 1000 │ Fax: +971 4 373 2335 │ E-mail: tim.fallon@damacproperties.com

© Press Release 2016