24 Mar 2013
(MENAFN) Damac Properties managing director, Ziad El Chaar, stated that the company has purchased a land on the seafront at Dubai Maritime City to set up a serviced hotel-residences tower, reported Arabian Business.
El Chaar said that the Dubai-based company’s luxury project will be located on one of the most exclusive plots in the whole development, which would attract huge demand.
He added that the project will raise the number of Damac’s developed buildings to 104.
The real estate developer has finished 37 buildings in the Middle East, with additional 66 at different stages of progress across the MENA region.
It is worth noting that at the current time, the firm is also developing the luxury Damac Esclusiva, a serviced hotel apartment tower in the center of Riyadh, and the private apartment project, Damac Residenze, in Dubai Marina.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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