Damac Properties launches new commercial project
Luxury lifestyle provider, DAMAC Properties, announced the launch of a new commercial development, Executive Heights, the first freehold office tower to be located in the Dubai Technology and Media Free Zone (TECOM).
The 25-story building will house luxurious freehold offices and leisure facilities and is due to feature 300,000 square feet of freehold office space, with prices starting from AED 1200 per square foot. Executive Heights will comprise state of the art facilities, including a health club, swimming pool, jogging track, stylish restaurants and cafes, as well as ample parking space.
The building’s design and finishing will allow customers to experience a luxury lifestyle that is second to none. All DAMAC Properties developments provide architectural splendor that has become DAMAC’s trademark; Executive Heights will undoubtedly live up to the substantially high standard that DAMAC has set as a benchmark for all its developments.
The Engineering Consulting Group (ECG), a leading architectural firm in the Middle East based in Egypt, is responsible for the design of the office tower and has worked closely with DAMAC Properties to create this highly exclusive commercial development.
“The commercial property sector in Dubai is booming, with demand for luxurious and exclusive office space at an all time high. Our ongoing dedication to developing innovative and unique projects has become the trademark of DAMAC over the years. The launch of this exclusive project, the first of its kind in the Dubai Technology and Media Free Zone (TECOM), is a testament to that fact”, said Peter Riddoch, Chief Executive Officer at DAMAC Properties.
He added: “We have worked very closely with ECG to create an iconic office tower that is due to become one of the major landmarks within TECOM.”
DAMAC Properties was the first to introduce residential projects on every master planned development introduced by the Dubai Government, including the Palm Islands in Jumeirah and Jebel Ali, Dubai Marina, Dubai International Financial Centre (DIFC), Jumeirah Lake Towers, Discovery Gardens, and the International Media Production Zone.
The total value of DAMAC Properties’ projects is over AED 6 Billion. It is a subsidiary of DAMAC Holding, an accredited ISO 9002 company that has grown into a global conglomerate with more than 5000 employees in 16 countries. Being the first private developer to make a commitment to Dubai’s real estate market, DAMAC properties has become a market leader with a strong sales record to its credit.