PHOTO
Dubai, UAE – DAMAC Properties announced that its first Sharia-compliant furnished tower, Ghalia, has entered the final stages of completion. The one million-square-foot project is located in the heart of the Jumeirah Village Circle community and features 727 furnished luxury apartments.
“Ghalia is a special project for DAMAC, as the tower offers residents the option to have their furnished apartments fully serviced,” said Ali Sajwani, General Manager of Operations at DAMAC Properties. “Furthermore, Ghalia caters to our growing Muslim customers who are seeking luxury living that also complies with Sharia laws. DAMAC strives to provide dream homes and unique living concepts for customers from around the world, and we are thrilled to be completing the tower in 2018, with handover of units starting near the end of the year. “
Ghalia is developed and will operate in alignment with the principles of Sharia, offering residents and visitors separate leisure amenities for men and women, including separate dining facilities, gymnasium and swimming pools. Ghalia also offers a mix of one, two, and three-bedroom furnished apartments, and caters to the growing demand for Sharia-compliant luxury living. According to global market intelligence publisher Euromonitor International, Muslim consumers are expected to make up 26 per cent of the global population by 2030, driving demand for ‘halal’ lifestyle products across all sectors, including real estate.
Synonymous for its family-centric offerings, the Jumeirah Village Circle community hosts amenities such as parks, schools and mosques, clustered throughout the abundant green expanses of the development. The community is also situated near Dubai’s upcoming mall, Al Khail Avenue, and major retail and leisure destination, Mall of the World.
-Ends-
Further information is available at www.damacproperties.com
About
DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002 bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the utmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom.
As of 31st March 2018, DAMAC Properties has delivered over 20,884 homes. The company has a development portfolio of over 40,000 units at various stages of progress and planning, comprising more than 10,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living. Visit us at www.damacproperties.com
Follow DAMAC Properties on Facebook, Twitter, Instagram, LinkedIn and YouTube (@DAMACofficial).
For more information, please contact: Sherif Elghamrawy, Assistant Vice President, Corporate Communications, DAMAC Properties. Tel: +971 4 3731000 │Email: sherif.elghamrawy@damacgroup.com
© Press Release 2018Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
