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Property in Business Bay - Damac Properties Launch The Executive Suites

Published: 9th September 2013

Damac Properties, the Dubai based property developers yesterday launched their new Executive Suites property at the Cityscape Exhibition in Dubai.

The Executive Suites, which will be located in the heart of the busy Business Bay district of Dubai, will offer investors a guarnateed 40% return over 3 years, and will include a complete range of adminitstrative support services as well as a number of leisure facilities including a roof deck and an outdoor swimming pool.

Peter Riddoch, CEO of Damac Properties says, "We believe Dubai has the potential to become the most expensive commercial real estate destination in the world in the coming years. The demand and prices for office spaces is increasing; a recent report by Gulf News stated a price increase of 74% increase over last year. And according to Colliers International, today Dubai is ranked third in terms of global office real estate construction activity, behind Moscow and Shanghai."

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