Dubai’s Damac launches $231m tower complex

Damac Properties has launched a new AED850 million ($231 million) five tower complex at its environmentally-focused Akoya Oxygen development in Dubai, it was confirmed on Sunday.

Navitas Hotel & Residences comes with a 4-year payment plan, with prices starting from AED440,000. One of the towers comprises 312 hotel rooms, while the other four towers will comprise private, residential units, which will look out over the golf course. The towers will be linked by a common podium, which will include retail units, restaurants, a gymnasium, swimming pool and lounge area.

The towers will be located in Akoya Oxygen, a 55 million square foot development in Dubailand, which includes an 18-hole Tiger Woods-designed championship golf course, an artificial rainforest, an organic produce market, wellness centre, outdoor yoga enclave and luxury retail district Vista Lux.

“By investing in a hotel room at ‘Navitas Hotel & Residences’, you’ll benefit from Dubai’s flourishing hospitality industry, which will be a gateway to high annual returns,” said Niall McLoughlin, Senior Vice President, Damac Properties.

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