Damac Properties’ residences ‘topped out’

Luxury developer Damac Properties has ‘topped Out’ its 21 storey mixed-use residential project, The Residences at Business Central, which is located on the waterfront, opposite the Burj Khalifa. The construction milestone represents a significant turning point in the delivery schedule of the project, with work now beginning on the external cladding and interior fit out. “The Residences at Business Central will be a stunning executive residence once completed. It has all the hallmarks of a premium property investment, with excellent facilities, quality finishes and a superb location on the waterfront, opposite the Burj Khalifa” said Niall Mc Loughlin, Senior Vice President of Damac Properties. Damac Properties remains strategically focused on Business Bay, with construction advancing at a rate of 14 floors a month across the company’s seven active construction sites. “The mid to long term outlook for real estate in Business Bay is extremely promising. The proximity to the world’s tallest building and the world’s biggest shopping mall makes property in Business Bay a highly lucrative prospect for future growth” commented Mc Loughlin. Business Bay is gaining momentum as one of Dubai’s most sought after locations. The world’s tallest hotel, the JW Marriott Marquis Dubai, will open its doors to guests later this year. The 355 metre tall hotel is just 26 metres shorter than the Empire State Building in New York. “At Damac Properties, we have been unwavering in our commitment and conviction about the future potential of Business Bay. We are now beginning to see our vision materialise” said Mc Loughlin.