31-storey luxury tower with panoramic sea views set to raise the standards of hospitality in Doha; fully furnished and serviced apartments starting at QAR 2.5 million

Doha, Qatar – 17 May 2017

DAMAC Properties, a leading luxury real estate developer in the region, is set to launch Burj DAMAC Seaviews in Qatar next week. The 31-storey tower, featuring luxury furnished and serviced apartments and townhouses ideally located at the beachfront in Lusail City, is set to raise the standards of hospitality in the city and beyond.

Burj DAMAC Seaviews apartments will go on sale in Doha on Wednesday, May 24 at DAMAC sales office, Building 90, Ali bin Abi Talib Street, from 10am to 10pm, with starting price of QAR 2.5 million.

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. Today, the country takes its well-earned place as one of the most enterprising nations in the Middle East and a destination of desire for investors. This stunning transformation has been inspired by a vision to create a new benchmark of excellence.

Niall McLoughlin, Senior Vice President, 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.”

As set out in the Qatar National Tourism Sector Strategy 2030, the country seeks to attract more than 7 million leisure and business travelers 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.

From soothing the mind with long walks on the beach to feeling the gentle waves crashing at one’s feet, Burj DAMAC Seaviews presents a slice of paradise. Elegantly designed, the décor of each room will allow people to relax in the lap of luxury, while the two bedroom townhouses facing the sea side will provide private access to the seashore.

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 kilometres north of the city centre of Doha, Lusail is Qatar’s newest planned city. Currently being built just north of the West Bay Lagoon, Lusail stretches over 35 kilometres 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.

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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 31st March 2017, DAMAC Properties has delivered approximately 18,500 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