DAMAC Properties announces completion of Tenora hotel apartments in Dubai South
Additionally, the company announced that DAMAC Maison de Ville Celestia, another hospitality project in the area, is nearing the end of construction.
“With Dubai’s strategic plan to create a key new hub for business and investment -- and complemented by world-class facilities -- there will naturally be a need for hotel accommodation in the center of this vital area of the city,” Ziad El Chaar, managing director at DAMAC Properties, said.
El Chaar noted that the apartment offerings at Tenora and Celestia should attract tenants and buyers due to its strategic location at the center of Dubai South. Because of this, the company expected a return on investment by Expo 2020 Dubai.
“Tenora units are completed and handed over while Celestia will be delivered in 2018, making them the premiere completed projects in Dubai South and allowing investors the first opportunity to benefit and reap the returns from such properties in this strategic location,” El Chaar said.