Damac launches hotel apartments

Dubai: DAMAC Properties has announced the launch of its first serviced hotel apartment project in the Business Bay of Dubai to be managed by its new operations brand, NAIA by DAMAC.

The company has also released the next phase of Capital Bay – a 16-storey tower in the central business district of the emirate.

The 131 unit project comprises a mix of studios, one-, two- and three-bedroom serviced apartments, offering access to the heart and soul of the city.

Construction at this phase of Capital Bay will begin next month, with pre-launch prices starting at AED 1,032,000 available from this morning at all DAMAC Properties sales offices. The project will be completed in the fourth quarter of 2016.