Handover of luxury apartments in 28-storey 'DAMAC Tower' in Solidere has commenced

Dubai, United Arab Emirates: 10 January 2017

DAMAC Properties, one of the region’s largest luxury real estate developers, today announced that its premiere project in Beirut is completed and handover has commenced. The 28-storey tower features 183 luxury apartments with interiors by Versace Home, and enjoys a dynamic location for residents to enjoy in the heart of the renowned Solidere. 

The shared visions of the two companies have converged to deliver the most prestigious and sought-after property in Beirut, and its award-winning status has garnered interest by investors from around the world including Lebanese nationals residing in Beirut as well as those abroad. 

“The completion of DAMAC Tower in Beirut is a major achievement for us. Not only does it mark our first project in Beirut, but it also represents a successful collaboration with one of the most renowned luxury brands that has brought the glamour and luxury of the Italian fashion house into interior design and home furnishings,” said Niall McLoughlin, Senior Vice President, DAMAC Properties.

“This bespoke project represents high-end luxury living and it was borne out of the demand for a top-end designer lifestyle to appeal to discerning clientele who seek detail. With the stunning interiors and spacious apartment units in such a sought-after location, we have raised the bar for exclusive homes in Beirut,” added McLoughlin.

The USD 300 million DAMAC Tower comprises studio units as well as one, two, three and four bedroom units. The luxury units feature uniquely-designed terraces, spa bathrooms equipped with Jacuzzi, steam or sauna, as well as being smart home technology-enabled.

The tower is also complemented by a grand double height lobby, convenient facilities including a multi-level basement parking, 24-hour security and surveillance, as well as private storage spaces for residents. Common areas including the health and fitness facilities, the concierge reception and the main lobby will feature VERSACE HOME products.

The acclaimed luxury tower was designed by architect Erga Group SAL while main contractor MAN Enterprise SAL and MEP contractor EM Tech, led the execution of the project. In recognition for its collaboration with Versace Home and exceptional design, DAMAC Tower took the Arabian Property Award in 2010 for “Best Interior Design”, as well as the ‘Best High-Rise Architecture’ award by International Property Awards the same year, both considered amongst the highest accolades awarded in the property sector globally.

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Further information is available at www.damacproperties.com

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, Saudi Arabia, Qatar, Jordan, Lebanon and the United Kingdom.

As of 30th September 2016, DAMAC Properties has delivered approximately 16,800 homes. The company has a development portfolio of over 44,000 units at various stages of progress and planning, 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.

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, DAMAC Properties. Tel: +971 4 3731000 │ Fax: 00 9714 3732335 │Email: niall.mcloughlin@damacgroup.com

© Press Release 2017