Property in Dubai investors rush to Damac Properties

From free Jaguar motor vehicles  to a chance to win a private Jet Damac Properties have pulled out all the stops to reach its sales targets. The Dubai based company announced on Monday that it sold more than 545 units to date during its special Dubai Shopping Festival (DSF) promotion.
About Damac Properties
In just over two decades, Damac has grown from a local catering company to a global conglomerate with operations in over 16 countries. Today, the Damac Group ranks among the largest business groups in the UAE: a name to reckon with in real estate, hospitality, industrial projects, investments, logistics and commercial trading. An ISO 9002 registered company, Damac is the name behind some of the most distinguished residential and commercial projects in Dubai.   
 Chairman of Damac Holding   
“We have introduced innovative promotions year-on-year and we plan to continue the trend in times to come. This time, we introduced the largest promotion ever, worth over AED87 million during DSF. I am confident that my team will continue to add to the excitement and attraction Dubai Shopping Festival enjoys globally,” said Mr. Hussain Sajwani.
Two months to sell a tower
Damac Properties has revealed that it has sold 75% of La Residence at the Lotus, the company’s first residential tower in Dubai’s Business Bay in less than two months since it was launched. The 58 storey tower will contain one, two and three bedroom apartments
Going like hot cakes Dubai property by Damac
Examples of what is causing the flurry of activity by property investors can be seen by the following availability featured at overseas property portal
Latest availabilty includes:
Lotus – La Residence 1 Bedroom from £150,000
Emirates gardens + Tuscan residence – 2008 Studio from: £71,000
Park towers – Located in The DIFC- Completion July 2009 1 bed apartment from £244,000
Ocean Heights – 2009 Apartments £192,500
Lago Vista and The Crescent – 2008 Studio: £75,000 (After discount £66,000)
Qatar – Piazza – New Launch Studio – £ 58,000
Abu Dhabi – OCEANSCAPE 1 bed- £173,200
Latest availability Damac properties
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