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Dubai-based Damac starts handover of Versace-designed units at $300m Beirut tower

Dubai-based developer Damac Properties has completed work on a 28-storey tower in Beirut, and handover of the 183 apartments has begun. Units feature interiors designed Versace Home. Image supplied by Damac Properties.

Dubai-based developer Damac Properties has completed work on a 28-storey tower in Beirut, and handover of the 183 apartments has begun. Units feature interiors designed Versace Home. Image supplied by Damac Properties.

10 January 2017

Dubai-based private developer Damac Properties on Tuesday announced it had completed work on a 28-storey tower in Beirut, and handover of the 183 apartments has begun.

The $300 million skyscraper consists of studios, as well as one, two, three and four bedroom units. All the units feature interiors designed Versace Home, a subsidiary of the Italian fashion brand, will be based in the upscale Solidere area of the Lebanese capital.

“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 at 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.

Listed on the London and Dubai stock exchanges, Damac’s portfolio includes projects in the United Arab Emirates, Saudi Arabia, Qatar, Jordan, Lebanon and the United Kingdom.

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As of September last year, it has delivered approximately 16,800 homes and has a further 44,000 units at various stages of development.

(Writing by Shane McGinley)

© Zawya 2017
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