Dubai Hotels Archives –

Dubai Hotels Archives –

DAMAC Properties and Emaar, two major property developers have announced plans to begin construction on their latest projects for luxury serviced apartments in Dubai, Bay’s Edge and Burj Vista II. Both will be located in Downtown, Dubai, with amazing views of the Burj Khalifa, the world’s tallest building.

The demand for luxury serviced living in and around the Burj Khalifa has grown exponentially with real estate prices in this area experiencing the highest rates of increase in the city.

At a price of 400 million AED ($110 million USD) Bay’s Edge is targeted for completion by the end of 2016. Designed as a 22-story tower, it will consist of 220 units, a mix of studios, one, two, and three bedroom apartments. Positioned on the edge of the bay, hence the name, this waterfront property will tender awesome bayscape scenery in forefront and the Burj Khalifa in the background. What a combination!

DAMAC Towers by Paramount, a Hollywood-themed hotel with serviced apartments was another project that was launched earlier in the Burj area. Its 400 units sold out in under two months.

DAMAC Properties has completed 47 building with 9507 apartments in Dubai, the Middle East, and North Africa. With Bay’s Edge and its other projects in progress around the region will add another 108 buildings with 17,743 units to that total, making it one of the largest developers in the Gulf Region.

Check out these Exclusive Areas

Many of the projects fall under the DAMAC Maison portfolio which offers the following exclusive services: a spa, fine-dining restaurants, in-room hair and nails services, chic lobby areas, concierge services, 24-hour room service, personal shopping consultants, baby-sitting services, a kid clubs, and a chef who is available to cook for you in your own apartment.

As Dubai’s largest developer, Emaar, the company behind the construction of the Burj Khalifa and the Dubai Mall, is launching its second phase of its Burj Vista project.  This 20-story tower, one of two positioned on 500 acres, will house 120 luxury one, two, and three bedroom apartments. The second tower stands 65-stories high and consists of 520 spacious residential units, from one to five bedrooms.

Its 500 acres will be landscaped with lush greenery and flowing fountains offering a tranquil environment for residents to relax and unwind.  The location will also be equipped with a gym, badminton court, swimming pool and basketball court, as well as a reading area, business center, and multimedia area.

In addition to the Burj Vista, Emaar is also focused on the planning and construction of additional attractions in the Downtown district, including an opera house, and a modern art museum.

It appears that Dubai’s real estate market is rebounding quicker than other parts of the world, and these two major Dubai developers are banking on it.

“Dubai’s recovery and resurgence has been more pronounced than almost anywhere else in the world, and with its focus as an international business hub and tourism hotspot, global investors see the luxury real estate market as an attractive investment opportunity. Serviced residences are fast becoming the number one choice for buyers, given the high-end living environment and the flexible rental options,” a spokesman for DAMAC has been quoted as saying.

And Ahmad al Matrooshi, managing director for Emaar has stated, “Dubai’s market is witnessing unprecedented interest from both residents and visitors looking to purchase first and second homes in the Emirate.”

Take a look at our Selection of Apartments in Dubai

However, even with the announcement of this growth spurt, it will be a while before these facilities are available. But don’t let that discourage you. If you’re interested in sampling life near the world’s tallest building, we offer a wide-selection of short-term apartnents in dubai including ones in the heart of this ever-popular Downtown district. So come see for yourself what makes this place so special. Also, make sure you see our full range of Dubai accommodation too!