Real estate group bullish on UAE property market

Executive Suites, DAMAC Properties' latest real estate development in Business Bay,Dubai

The Dubai-based real estate group, DAMAC Properties believes that the UAE is one of the best performing markets for real estate investments and returns. DAMAC has announced the launch of its Executive Suites - a serviced office tower on the third day at Cityscape Dubai by assuring a 40% rental return guarantee over 3 years for the project.

Peter Riddoch, CEO, DAMAC Properties Dubai says, "We believe Dubai has the potential to become the most expensive commercial real estate destination in the world in the coming years. The demand and prices for office spaces is increasing; a recent report by Gulf News stated a price increase of 74% increase over last year. And according to Colliers International, today Dubai is ranked third in terms of global office real estate construction activity, behind Moscow and Shanghai."

Located in Business Bay, Dubai, DAMAC's latest real estate development offers copying and printing services, dedicated administrative support, refreshment facilities, onsite system support and maintenance, broadband connectivity and an extensive range of latest leisure facilities including a roof deck, outdoor swimming pool, lounge, gym and health club facilities like sauna and steam.