DAMAC Properties, the leading real estate developer in the UAE, has announced the launch of Zada, a fully integrated one bedroom luxury residential development in Dubai’s Business Bay area.
The luxuriously designed one-bedroom apartments at a total cost of AED 699,999 ($ 190,539) are located on the famous Dubai Canal, said the statement from the luxury project developer.
The official launch will take place on June 29, and DAMAC offers prospective buyers an opportunity to pay for the property in monthly instalments of Dh 6,999 ($ 1905) over five years, it stated.
Damac pointed out that its latest project comes as a response to the growing demand for accessible luxury in the region.
Zada Hotel is strategically located within a planned community in the Business Bay and offers world-class amenities such as a swimming pool, children’s playground and fitness centre, among others.
Due to its location in one of Dubai’s desirable neighbourhoods, residents will also enjoy the best shopping, dining and entertainment experiences in their immediate vicinity.
Speaking at the launch, senior vice president Niall McLoughlin said that they are thrilled to present Zada, Damac’s latest offering in the premium living segment. Dubai’s real estate market is evolving fast, and there is a growing demand for accessible luxury homes.
Zada offers the perfect combination of great location, life-enhancing amenities, Damac’s unmatched quality, and value for money.
The launch of Zada comes at a time when Damac is focused on completing its current pipeline of development projects.
Earlier this year, the developer delivered 727 homes in Ghalia, the first luxury furnished apartments to comply with Islamic law. And is preparing to deliver more than 1,500 units in the coming months.