Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Damac launches two Fendi-branded projects in Dubai and Riyadh  Join our daily free Newsletter

MENAFN - 11/02/2013

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Dubai developer Damac Properties has launched two Fendi-branded mega-projects in Dubai and Riyadh worth over USD544.5 million, Gulf News reported.

Damac will fund the project from its own equity and proceeds from off-plan customer.

Dmac's managing director Ziad El Chaar said the Damac Esclusiva project, worth about USD213 million, will comprise 100 luxury serviced apartments in Riyadh located in a 150-meter tower overlooking the Kingdom Tower on King Fahad road.

The apartments will be sold by invitation and pre-approval to a limited number of VIPs only, he added.

The second project, the Damac Residenze, worth USD326.7 million, will include exclusive private apartments that will occupy the top 40 floors of a 335-meter tower in Dubai Marina, over looking the Palm Jumeirah, El Chaar added.

The projects' interiors will be designed by famous Italian designer Fendi and are furnished by Fendi Casa collection.

El Chaar also said that both projects are slated for completion by 2016 and currently 20 percent of the construction is completed for each.

The Damac Esclusiva and Damac Residenze apartments will be operated by the Damac Hospitality division.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help