DAMAC Properties is a Dubai public joint-stock real estate company. It has been listed on the London Stock Exchange since 1993. The CEO of DAMAC is the billionaire, Hussain Sajwani. DAMAC’s most recent offering is a one and two bedroom residential building overlooking the Dubai Canal in Business Bay. The new construction has been named Reva Residences.
Reva Residences provides luxury accommodations with a 24-hour concierge and many other world-class amenities. Nestled in the heart of Business Bay, Reva Residences gives upwardly mobile executives access to all the benefits of living in the region. Hussain Sajwani, the owner, and CEO of DAMAC placed Reva Residences in Business Bay, which was designed to offer comfort and convenience to business executives. It is a concept completed in 2008 that centers around living in a community comprised of commercial and residential buildings that epitomize exorbitance. For instance, One Business Bay is a commercial tower located at the entrance to the entire community. This tower is known for its VOIP technology, fully integrated V.A.V. air conditioning, its wireless internet and its energy management.
Reva Residences is located on the south ridge of Business Bay overlooking the Dubai Canal. Residents will have convenient access to the Dubai Mall, fine dining and a large variety of entertainment. Outside, residents can saunter through the lush parks or jog or cycle along the waterside paths. Indoors, they can enjoy the elegant lobby at Reva Residences, utilize the services of the 24-hour reception and concierge. Its tenants can savor the beauty of its landscaped gardens, enjoy the pleasure of its temperature controlled swimming pool or take full advantage of its state of the art gym fully equipped with steam and sauna rooms. Children even have both and indoor and outdoor play areas.
Hussain Sajwani, the owner and CEO of DAMAC has priced the one bedroom apartments at AED 699,000. The Arab Emirates Dirham converted to U.S. dollars is approximately $190,302.47. The young executive will agree that the price for absolute luxury is quite affordable in the Dubai. A full-day sales event was staged in January at the Godolphin Ballroom in Jumeirah Emirates Towers. Apartments will continue to be sold by DAMAC Properties throughout the year. With the combination of reasonable prices and excellent views of the canal along with the convenience the neighborhood offers, these apartments will not be long on the market.
Learn more about DAMAC owner Hussain Sajwani here: https://al-ain.com/article/damac-chief-sell-15-stake