Dubai, United Arab Emirates - 26 December 2016: This Dubai Shopping Festival (Dec 26, 2016 to Jan 28, 2017), DAMAC Properties is using a new BMW or another luxury car - ensured with the purchase of a luxury apartment beginning with AED 599,000.

Niall McLoughlin, Senior Vice President, DAMAC Properties stated: "We're pleased to deal investors a unique opportunity to experience the enjoyment of luxury with DAMAC and drive away in a BMW or another luxury car, when they invest in a home across choose luxury growths in Dubai. From luxury apartments overlooking Dubai Canal to branded residences in Dubai Marina, this offer permits property buyers not only to live the luxury, yet to drive it too."

Known for its big offers for critical customers, DAMAC has actually gone to the leading edge of luxury realty development in Dubai. Along with its promos, the company tensions high appreciation potential and returns in the Dubai property market.

" With the city's growth still on the rise, there's no better time than now to buy residential or commercial property that will certainly reveal high recognition in the years to come. With Dubai's property returns balancing at 7-9%, easily 2-3% above its matured worldwide counterparts like London, New York or Paris, the city becomes a much more eye-catching investment destination. In prime areas, also a 10-12% return isn't really uncommon," added McLoughlin.

According to recent reports, the UAE's actual GDP is anticipated to expand 4 to 5% between 2017 and 2020. Country-wide contracts worth around $22.6 billion were awarded during the initial half of 2016, mainly owned by real estate, power and transportation tasks in Dubai. The rapid rates of development coupled with a maturing home market that supplies strong returns makes Dubai a global hotspot genuine estate investments today.

" The market worth of Dubai's realty sector likewise receives a push from socio, economic aspects such as continuous populace development, broadening job markets, fast infrastructural advancement, increasing tourism and retail development - bring about a boost in the charm and profitability of real estate, McLoughlin ended.

As of 30th September 2016, DAMAC Properties has actually supplied around 16,800 residences. The company has a development portfolio of over 44,000 systems at different phases of progress and preparation, making up greater than 13,000 hotel spaces, serviced houses and hotel villas, which will be taken care of by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is constructing the next generation of Middle East luxury living.