Anyone who is interested in fast and high return on their investments in Dubai’s property will pay special attention to the opportunities offered by serviced apartment type of hospitality real estate. Recently, a new batch of hospitality units was launched for sale by one of the leading Dubai's developers Damac.
Investors were presented apartments in a 63-storey Tower B in the Aykon City complex. Among this project advantages there are gorgeous views of the Dubai Canal and location in the heart of a thriving neighborhood on Sheikh Zayed Road close to the green Safa Park. Hotel apartments will be managed by Damac Maison hotel brand.
280 hotel rooms will take ten top floors of the tower, while serviced apartments and residential units will take the remaining lower floors. Hotel apartments available for sale starting from 12 March will be offered at a price of AED 1 million (US $ 272,000).
“Owning a luxury freehold hotel room in a central location that benefits from the vast infrastructure that surrounds it, including accessibility by car, metro or water taxi, is undoubtedly a lucrative and prudent investment decision,” said Niall McLoughlin, Senior Vice President of Damac.
Aykon City complex will consist of five towers constructed on both banks of the Dubai Canal. In addition to the hotel complex there also will be a 65-storey office tower and a 30-storey building with ultra-luxury residential apartments.