DAMAC Properties launches phase two of DAMAC Towers [June 2013]

Real Estate
DAMAC Properties, one of the Middle East’s largest luxury private developers, is launching phase two of a $1 billion luxury hotel and serviced residences to Indian investors, following a sell-out event in Dubai.
DAMAC Towers by Paramount is being developed on platinum real estate in Dubai overlooking the Burj Khalifa and the world’s largest mall. More than 200 units were snapped up in just a few hours, making it one of the most sought-after projects in the region.
DAMAC Towers by Paramount comprises a 540-key Paramount Hotel & Residences and more than 1,000 units of DAMAC Maison, Paramount co-branded serviced hotel residences.
The project is being developed by DAMAC Properties in partnership with Paramount Hotel & Resorts (PHR-FZ-LLC).

25