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Old April 27th, 2017, 02:27 PM   #161
gevorika78
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Old June 10th, 2017, 01:45 PM   #162
Brain storming
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DUBAI, 3rd May, 2017 (WAM) -- DAMAC Properties has awarded a contract worth AED40 million to Proscape LLC for the roads and infrastructure works at Vardon cluster within AKOYA Oxygen, a 55-million-square-foot lush green development in Dubai.

Mohammed Tahaineh, Senior Vice President of Commercial at DAMAC Properties, said, "We are pleased to award the roads and infrastructure works at Vardon cluster within AKOYA Oxygen to Proscape, one of Dubai’s premier landscaping and infrastructure contractors. At the heart of our efforts lies our commitment to a high-standard of development and finishing works across the various components that make up our projects; from roads and infrastructure within our communities to the buildings and interior finishes.
"Our desire to maintain high quality standards is evident through the appointment of such contractors, which offer focused expertise tailored to the development works at hand."
hopefully they commit to the construction schedule, Vardon is another cluster launched for infrastructure.


Quote:
Damac Properties has announced plans to build a five-tower hotel comprising 2,000 hotel rooms overlooking its planned Trump branded golf course at Akoya Oxygen.

The Dubai-listed developer known for its high-profile tie- up with the US president Donald Trump’s golf course operation, is marketing the hotel rooms to investors as off-plan investments at this week’s Arabian Travel Market exhibition.

Off-plan prices for hotel room units in the project start at Dh395,000, payable over five years, according to Damac’s website.

"Investors will be pleased with the opportunity to own a hotel room on an international golf course that reaps higher returns than any other investment classes," said Niall McLoughlin, the senior vice president for Damac. "Owning a hospitality unit provides an attractive return on investment due to the burgeoning tourism industry and potential revenues that can be generated."

Estimating hotel yields in Dubai is not always straightforward as the idea of selling off individual rooms to investors is fairly new in the region, while existing hotels are often owned by private investors who seldom disclose the prices they paid for the properties.

http://m.thenational.ae/business/pro...en-golf-course
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