DAMAC Properties has announced the first project to be completed at Dubai South, with DAMAC Maison de Ville Tenora hotel apartments being handed over.
DAMAC Maison de Ville Celestia is also nearing completion.
Hotel apartments in Tenora will be sold at a starting price of AED 587,000.
Celestia units, which will be delivered in 2018, will be sold at a starting price of AED 560,000.
Ziad El Chaar, Managing Director, DAMAC Properties, said: “With Dubai’s strategic plan to create a key new hub for business and investment, and complemented by world-class facilities, there will naturally be a need for hotel accommodation in the centre of this vital area of the city.”
“Our hotel apartment offering in Tenora and Celestia is uniquely attractive as they benefit from prime, high-demand locations at the centre of Dubai South and a return on investment can be realised immediately leading up to and during the Expo 2020 Dubai,” El Chaar added.
The projects present a prime opportunity for investors who can now yield returns immediately.
Celestia and Tenora residents will be connected to the city via three major roads including Sheikh Mohammed bin Zayed Road, Sheikh Zayed Road, and the Emirates Road.
Celestia will be delivering 964 units in 2018.