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First ever project in Dubai South completed: Damac

Damac Properties on Thursday announced the first ever project to be completed in Dubai South, with the handover of Damac Maison de Ville Tenora hotel apartments.
The developer also announced that Damac Maison de Ville Celestia, another hospitality project in the area, is at an advanced stage of construction, with both projects offering investors the first opportunity to take delivery of properties in Dubai South and start yielding returns immediately.
Damac Maison de Ville Celestia and Damac Maison de Ville Tenora are strategically located at the heart of Dubai South, the emerging urban area of Dubai that is at the centre of Dubai's strategic plans for development.
The last units in these two projects will go on sale in Dubai from the October 13 to 15 at Damac Properties' stand located in Wafi Mall from 10:00am, and also on October 15 from 10:00am till 4:00 pm at three of Damac Properties' sales centres including Park Towers, Ocean Heights and Akoya. Ready to move in hotel apartments in Tenora will be offered at a starting price of Dh587,000, while Celestia units, with substructure already completed and delivery set to be in 2018, are priced to start at Dh560,000.
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.
"Tenora units are completed and handed over while Celestia will be delivered in 2018, making them the premiere completed projects in Dubai South and allowing investors the first opportunity to benefit and reap the returns from such properties in this strategic location."
The free zone of Dubai South is rapidly progressing to become the nerve centre of Expo 2020 Dubai site as well as being home to the world's largest aviation hub that is served by a vast infrastructure network including Al Maktoum International Airport and a host of first-class facilities, including Jebel Ali Port and Dubai Metro.
It is also importantly being positioned and accordingly prepared to be a venue that will facilitate business while being an appealing place to live, work and invest with features that promise an unparalleled quality of life. Residents of Celestia and Tenora will stay connected to the city with accessibility via three major roads including Sheikh Mohammed bin Zayed Road, Sheikh Zayed Road and the Emirates Road.
- business@khaleejtimes.com