The largest luxury real estate in the region, DAMAC Properties, has announced that it will launch the 'Navitas Hotel & Residence' in AKOYA Oxygen Golf Course Community, a 55 million-square-foot development in Dubai.
"The five, 14-storey towers are a real opportunity for those looking for investment properties," said Niall McLoughlin, Senior Vice President, DAMAC Properties. "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."
According to the press release of DAMAC Properties in PR NewsWire, the Navitas Hotel & Residences will have a four-year payment plan with prices starting from AED 440,000. One of the five towers will feature 312 hotel rooms and will be managed by DAMAC Hotels & Resort, while the remaining four will comprise of private, residential units overlooking the golf course and the full project. All the units in the towers are going to have an access to the high-tech gymnasium, a tranquil swimming pool and lounge area, with the addition of the retail shops and restaurants on the ground floors.
"Everything will be taken care of in your luxury hotel room, starting with beautiful interior detailing and exquisite finishing. Each spacious room is lavishly furnished and comes with separate living and dining areas," said McLoughlin. "The world-class amenities and our round-the-clock staff members will ensure you enjoy premium service on a par with the world's finest hotels."
'Navitas Hotel & Residences' is an AED 850 million project that provides investors with the opportunity to own a residential unit in AKOYA Oxygen, home of the Tiger Woods-designed international golf course, The Dubai Rainforest, and the high-end retail and entertainment district, Vista Lux.
DAMAC Properties was established in 2002, as a private residential, leisure and commercial developer in Dubai and the Middle East, and has now expanded its presence in North Africa, Jordan, Lebanon, Qatar and Saudi Arabia.
