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Sat 7 Jul 2018 02:07 AM

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Damac's first Sharia-compliant tower close to completion

Dubai developer says handover of units in Ghalia project will start by the end of 2018

Damac's first Sharia-compliant tower close to completion

Damac Properties has announced that its first Sharia-compliant furnished tower, Ghalia, has entered the final stages of completion.

The one million-square-foot project is located in the heart of the Jumeirah Village Circle community and features 727 furnished luxury apartments.

“Ghalia is a special project for Damac, as the tower offers residents the option to have their furnished apartments fully serviced,” said Ali Sajwani, general manager of operations at Damac Properties.

“Furthermore, Ghalia caters to our growing Muslim customers who are seeking luxury living that also complies with Sharia laws... we are thrilled to be completing the tower in 2018, with handover of units starting near the end of the year."

Ghalia is developed and will operate in alignment with the principles of Sharia, offering residents and visitors separate leisure amenities for men and women, including separate dining facilities, gymnasium and swimming pools.

Ghalia also offers a mix of one, two, and three-bedroom furnished apartments, and caters to the growing demand for Sharia-compliant luxury living.

According to global market intelligence publisher Euromonitor International, Muslim consumers are expected to make up 26 percent of the global population by 2030, driving demand for ‘halal’ lifestyle products across all sectors, including real estate.

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