DAMAC Properties revealed today the launch of a limited release of hotel rooms within the iconic AYKON City project to be centrally located on Sheikh Zayed Road in Dubai's Golden Quadrant, overlooking the Dubai Canal. The first-of-its-kind item enables investors to own a hotel space in Tower B, a 63-storey serviced hotel residences property to be operated by DAMAC Maison.

DAMAC Properties' hospitality portfolio includes this 4-star hospitality brand created by the high-end property developer, borne out the need for high-end lodging. It is in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to position the emirate as one of the most advanced cities in the world. With the economic competitiveness that Dubai is constructing, the currently developed tourist sector will see an additional and exceptional increase in the years to come.

The leading 10 floors of the tower will house the 280 hotel rooms, while the remaining floors will comprise hotel apartments and serviced units. The rooms, which will be available for financiers to purchase on March 12 at the Westin Hotel in Dubai from 3:00 pm to 10:00 pm, are anticipated to sell quickly due to the high-yielding financial investment opportunity they present and are priced at approximately AED 1 million.

Niall McLoughlin, Senior Vice President, DAMAC Properties, stated: "With the upcoming Expo 2020 and other developments even more enhancing Dubai's position on the world stage, we at DAMAC Properties comprehend the best ways to attract investors with lucrative chances that are extremely pertinent and one action ahead of the rest. With the variety of visitors to the emirate anticipated to reach 20 million by the year 2020, hotel rooms will increasingly remain in high need, then and beyond, and this distinct item enables financiers to use and belong to the growing hospitality market.".

He added: "Owning a high-end estate hotel space in a central place that takes advantage of the vast facilities that surrounds it, including accessibility by vehicle, city or water taxi, is undoubtedly a profitable and sensible investment choice. The hotel rooms will be handled by DAMAC Maison, which is understood to offer the service standards of the finest hotels, and boast sophisticated facilities with well-appointed rooms offering the convenience of home.".

AYKON City's iconic task is comprised of Dubai's first all-suites, 80-storey AYKON Hotel and Residences, a 63-storey DAMAC Maison Serviced Hotel Residences, a 60-storey apartment tower, a 65-storey office tower and 2 c. 30-floor ultra-luxury residential towers.

The four-million square feet advancement is located on the eastern and western sides of Sheikh Zayed roadway at the Safa Park intersection. It will sign up with other iconic developments in the golden quadrant of the business district of the city such as City Walk, the Burj Khalifa, Emirates Towers and the Dubai International Financial Centre (DIFC) district.