DAMAC Properties launches Golfotel to target Dubai’s Growing Golf Tourism Market
DAMAC Properties, a leading luxury real estate developer in the region, today launched Golfotel, the only premium 5-tower hotel property surrounded by a golf course in Dubai. The announcement was made as part of DAMAC Properties’ participation at the Arabian Travel Market 2017, taking place in Dubai from April 24th to 27th.
Golfotel will feature over 2,000 well-appointed contemporary rooms with golf views of the Trump World Golf Club Dubai, which is set within the 55-million square foot community AKOYA Oxygen.
The hotel features amenities such as a lounge and international restaurants, a gymnasium, an outdoor swimming pool as well as shuttle services to the best tourist attractions all over Dubai and complimentary airport transfer. It is located at an equal distance from Dubai International Airport and Al Maktoum International Airport and is in close proximity to popular tourist attractions in Dubai.
Niall McLoughlin, Senior Vice President, DAMAC Properties, said: “Investors will be pleased with the opportunity to own a hotel room on an international golf course that reaps higher returns than any other investment classes. Owning a hospitality unit provides an attractive return on investment due to the burgeoning tourism industry and potential revenues that can be generated. What we are offering is even more lucrative owing to the unique setting in a golf community - such properties usually command a premium because of their location.”
Although not necessarily avid golf players, residents and tourists are usually lured by the proposition of a premium lifestyle and sense of prestige due to the proximity of the golf course, in addition to the serenity associated with green and open spaces and impeccably manicured landscaping.
“Communities such as AKOYA Oxygen attract residents and tourists who aspire to a certain lifestyle that only these integrated communities can offer. Young and mature audiences are appealed by the experiences they present besides being an investment that will provide long-term high returns - DAMAC has brought Dubai golf community living to a new level,” McLoughlin added.
DAMAC Hills and AKOYA Oxygen are the first integrated golf developments that promise to be lifestyle destinations for people of all ages due to entertainment, hospitality and retail elements, to name a few. Furthermore, residential real estate around golf courses has a track record of enabling an increase in valuations, by up to 20%, according to advisory firm KPMG. Such fully integrated master developments have the potential to draw a significant number of tourists and become popular tourist destinations considering the components of premium hospitality, food and beverage, retail and entertainment in addition to golf, which is a major attraction for lovers of the sport.
The Trump World Golf Club Dubai is an 18-hole championship standard course designed by the iconic golfing superstar Tiger Woods, who will bring his design expertise and worldwide playing experience to the development. When coupled with the Trump brand standard of excellence, the club will create a new luxury benchmark for golf in the Middle East.
DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002, delivering residential, commercial and leisure properties across the region, including the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom.
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