UAE: DAMAC Properties has announced the launch of Vantage, a development of 388 serviced apartments in Jumeirah Village, Dubai.
Work is underway on the 33-storey development, which should be completed by Q2 2017.
The project features studios, one-, two- and three-bedroom apartments, a lobby with 24-hour valet service, round-the-clock reception and concierge, a café and restaurant, a gymnasium, health and fitness club, swimming pool and spa.
The tower will be managed by DAMAC Hotels – the hospitality arm of DAMAC Properties.
Niall McLoughlin, senior vice president of DAMAC Properties, said: “Vantage is a great investment project, in the centre of Dubai’s thriving, new community. Close enough to everything that is happening in Dubai, while set in a peaceful and harmonious community, Vantage provides the best way to take advantage of the growth of the real estate market in Dubai and secure an investment for the future.”
Real estate portal propertyfinder.ae described Jumeirah Village as “a more viable and affordable option to live in than the more established villa communities and continue to enjoy interest with increasing infrastructure driving these areas to become bustling neighbourhoods featuring villas, jogging tracks, supermarkets and landscaped greenery.”
By 2017, DAMAC will provide bespoke hospitality services to residents in more than 8,000 serviced hotel apartments which are currently under development across the region.
Piers Brown of Serviced Apartment News is moderating a session on serviced apartments at the Arabian Hotel Investment Conference next month. Click here for details.
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