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Mar 06 2014

DAMAC Properties Reaches for the Stars with the Launch of Celestia

DAMAC Properties Reaches for the Stars with the Launch of Celestia
Luxury Hotel Apartments Next to World Expo 2020 Site and Al Maktoum International Airport
Dubai, United Arab Emirates, 6 March 2014

DAMAC Properties, one of the largest residential, leisure and commercial developers in Dubai and the Middle East, has launched its latest luxury serviced hotel apartments project in the heart of the World Expo 2020 site in Dubai.

Celestia, a ground plus seven floor complex comprising studios, one and two bedroom apartments, will be managed by DAMAC's Hospitality Division." offering 5-star hotel services and amenities.

The project is strategically placed in the centre of DWC Residential City and close to the world's largest airport, Al Maktoum International.

Prices start at AED 621,000 and are available for immediate investment. The project will be completed by 2016, 4 years before the World Expo 2020 exhibition.

"Celestia will be the shining light in the heart of the world's first 'aerotropolis' - a thriving and vibrant new community in Dubai," said Niall McLoughlin, Senior Vice President, DAMAC Properties. "Not only is Celestia set in the perfect location to serve Expo 2020 and Al Maktoum International Airport, it will also deliver residents high quality, five-star hotel standard services from DAMAC's Hospitality Division."

The modern, architectural design inspires and opulent residential lifestyle, incorporating modern, sleek finishes in a warm, welcoming layout. Celestia also comes with a state-of-the-art gymnasium and health & fitness club, as well as a plus swimming pool, and luxurious spa.

Celsetia also has its own retail area, with designer boutiques, fine dining restaurants, and an attractive retail avenue.

DAMAC's Hospitality Division adheres to DAMAC Properties' highest standards of quality, delivering the ultimate luxury lifestyle experience and investment opportunity. Celestia will also come with additional service offerings, including in-room hair & nail treatments, fully-fitted kitchens throughout, 24-hour room service and a dedicated team to arrange all overseas travel arrangements on your behalf.

DAMAC's Hospitality Division has also introduced a high-tech customer management system to ensure all guests requirements are met from the moment they arrive in Dubai. Once a guest informs staff of a special request, it will be added to the system so that it is delivered every time they visit a DAMAC's Hospitality Division property.

Residential and commercial property consultancy Knight Frank recently released a recent report which stated: 'We anticipate further growth in prime residential prices of 10-15% this year, supported by the limited supply of new apartments, rising population of high-net-worth individuals and strong economic fundamentals,' further reflecting the confidence in the Dubai property market.

Dubai has also recently been placed seventh in Knight Frank's Prime International Residential Index's ranking of the top 10 global cities where the world's wealthy acquired luxury property in 2013.

DAMAC Properties has completed 9,318 units with 25,362 units at various stages of progress and planning across the Middle East region, as of 31st December 2013.

Further information is available at www.damacproperties.com

-Ends-

DAMAC Properties was established in 2002, as a residential, leisure and commercial developer in Dubai and the Middle East. In the past decade, DAMAC Properties has expanded into Iraq, Jordan, Lebanon, Qatar and Saudi Arabia.

DAMAC Properties has completed 9,318 units with 25,362 units at various stages of progress and planning across the Middle East region, as of 31st December 2013.

In May 2013, DAMAC Properties introduced the 42 million square foot 'AKOYA by DAMAC' master plan development off Umm Suqeim Road in Dubai. The project includes mansions, villas, luxurious apartments and retail centre all surrounding an 18-hole Championship Golf Course 'The Trump International Golf Club, Dubai'.

Within the AKOYA by DAMAC golf course community, featured products include 'The Trump Estates', a luxurious lifestyle community located in the most desirable locations of the development. Also set within the heart of the community is a global first, with the launch of FENDI fashion-styled villas using FENDI Casa designs and influences, these villas offer a new concept of refined living.

The project also includes a 14 million sq ft extension to the original 28 million sq ft at AKOYA by DAMAC, with a dedicated 4.3 million sq ft of open parkland, which will be a first-of-its-kind development in the region. The exclusive villas are set within the grounds of a lush green open space reserved for the residents of the community. The AKOYA Park will become one of the largest private parks in the region.

The company is also developing a US$1 billion hotel and luxury serviced residences in the Burj Khalifa area of Dubai, called 'DAMAC Towers by Paramount', which will comprise the first Paramount Hotel & Residences in the region and DAMAC Maison serviced units - Paramount co-branded serviced hotel residences.

In October 2011, DAMAC Properties launched its hospitality division, DAMAC Maison, which will provide bespoke hospitality services to residents in 7,351 serviced hotel apartments by the end of 2017.

DAMAC Properties reinforced its position as the region's premium developer with the launch of 'DAMAC Tower' in Beirut, Lebanon. A 28- storey tower, this project is in association with Italian design group, VERSACE, with all interiors being designed by Versace Home. This was followed by the DAMAC Residences with Interiors by Versace Home, in Jeddah, Saudi Arabia.

Extending its collaborations with luxury Italian fashion houses, DAMAC Properties is developing luxury serviced hotel apartments in 'DAMAC Esclusiva' in Riyadh and private apartments in 'DAMAC Residenze' in Dubai Marina, with interior designs by FENDI Casa.

In addition to support services provided by the Dubai headquarters, the company's comprehensive Customer Care Program provides solutions through its network with offices in the UAE, Jordan, Iraq, Lebanon, KSA and Qatar.

Further information is available at www.damacproperties.com or join DAMAC Properties on Facebook, Twitter (@DAMACOfficial) and YouTube.

For more information please contact: Niall McLoughlin, Senior Vice President - Corporate Communications, DAMAC. Tel: +971 4 3731000 │ Fax: 00 9714 3732335 │Email: niall.mcloughlin@damacgroup.com

© Press Release 2014


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