Damac Properties continues to solidify its spot as the leading luxury real estate development company in the Middle East. Since being founded in 2002 by billionaire entrepreneur Hussain Sajwani it has set the standard in the Middle East’s luxury real estate market. The real estate development company has made another huge move.
Recently, the company announced it is moving forward with plans to construct a second tower at its AYKON City master development. The first tower was received very well with its ultra modern design and location in the heart of London. It easily raised the level of luxury living in the prominent city. The second tower will overlook the Dubai Canal giving guests a splendid view from their rooms.
The tower is expected to be well over 50 stories and take up a area of around 1.7 million square feet. Not to mention, it will include a dedicated lifestyle and entertainment level.
Although this is a big construction project, development is going quickly and smoothly. Construction is slightly above schedule and has already entered the tendering stage.
Aykon City represents something truly special to Damac. It is trying to build an entire framework of real estate developments within Dubai. Though the goal is ambitious, Damac just might pull it off.
About Hussain Sajwani
Hussain Sajwani is the founder and current CEO of Damac Properties. Working in the real estate industry for over 20 years, he is largely considered a pioneer of the property market expansion in Dubai. He was able to take advantage of the influx of businessmen and women coming to do business in the emirate by building a strip of hotels.
Hussain is undeniably an expert in the field of property development. His expertise is proven when looking into the almost flawless track record of Damac Properties.