'LAYALY DAMAC': Unlocking exclusive opportunities in Dubai's luxury real estate market
DAMAC rolls out offers for investors through the entire month of Ramadan
Ramadan is a time of generosity, reflection, and new beginnings, a season when traditions of giving and prosperity take centre stage. In this spirit, DAMAC Properties has conceptualised an exclusive opportunity for high-net-worth investors to participate in Dubai's flourishing real estate market through a curated property show throughout the month of Ramadan: 'LAYALY DAMAC'.
With an impressive upward trend in Dubai property values and a surge in demand for bespoke and exclusive residences, witnessing a 20 per cent year-on-year growth in transaction value, investors can expect unprecedented opportunities to secure assets in the city's most coveted developments.
Super-luxury apartments in DAMAC's select and premium developments, including Cavalli Tower, DAMAC Bay 1 & 2, Safa One & Two, Couture by Cavalli and Volta will be part of this exclusive offer. There will be two attractive options for super luxury apartments: A 4 per cent DLD waiver for the 50:50 payment plan with just a 10% down payment OR a 60:40 2-year post-completion interest-free payment plan [1]. PRYPCO will facilitate the post-handover component as an interest-free mortgage.
For those seeking luxury residences in Canal Heights 1 & 2, Golf Greens, Lagoon Views, and other cutting-edge luxury developments, offers will include a 5 per cent discount for on-the-spot bookings with a 50:50 payment plan and a 10 per cent discount if 50 per cent is paid upfront [2]. On luxury apartments, DAMAC will also offer a 4 per cent DLD waiver for the 50:50 payment plan with a 10 per cent down payment OR 2 years post-completion interest-free on the 60:40 payment plan [3][4][5].
Beyond these compelling incentives, investors purchasing properties worth Dh2.5 million or more will enjoy a three-night stay at the Paramount Hotel, complete with spa indulgences or a gold voucher worth Dh12,000.
The offer runs for a limited period. Promotion terms and conditions can change at the developer's discretion. Investors can visit the LAYALY DAMAC property show at DAMAC Hills or DAMAC customer sales centres during Ramadan to learn more about the offers.
For more information, please visit: www.damacproperties.com.
[1] In the 60:40 payment option for super luxury apartments, 60% needs to be paid during construction, with Down Payment being 24% (including 4% DLD fees).
[2] For on-the-spot bookings full down payment paid within 7 days.
[3] In the 60:40 payment option for super luxury apartments, 60% needs to be paid during construction, with Down Payment being 24% (including 4% DLD fees).
[4] Applicable on select projects.
[5] The 5% and 10% discounts on luxury residences will be applicable for a limited time.
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