DAMAC showcases luxury waterfront developments at Dubai International Boat Show 2025
DAMAC projects will highlight luxury waterfront living and visionary designs
DUBAI, UAE – DAMAC Properties, a pioneer in the global real estate landscape, is participating at the Dubai International Boat Show 2025, which opened yesterday February 19 and will run up to February 23 at Dubai Harbour. As one of the world's premier yachting and luxury lifestyle events, the show provides an exclusive platform for DAMAC to present its most prestigious waterfront developments: Couture by Cavalli, DAMAC Bay, and DAMAC Bay 2. Designed for a discerning clientele who appreciate architectural excellence and the allure of waterfront living, these projects reflect DAMAC's vision of integrating luxury real estate with the maritime lifestyle.
Amira Sajwani, Managing Director of Sales & Development at DAMAC Properties, commented: "Dubai is synonymous with luxury, and our waterfront projects reflect the essence of this vibrant city. The demand for premium residences in Dubai continues to soar, driven by a growing influx of investors and lifestyle seekers. Our presence at the Dubai International Boat Show allows us to highlight how DAMAC's seafront developments offer not just homes but immersive luxury experiences."
A Fusion of High Fashion and Seafront Luxury
Beyond its thriving tourism sector, Dubai is also the top choice for global millionaires, welcoming 6,700 HNWIs in 2024, the highest influx globally. This surge in wealth migration has helped in a record year in 2024, with 435 sales above US$ 10 million. With Dubai Harbour fast becoming the city's new luxury waterfront hub, DAMAC is at the forefront of shaping the future of high-end, experiential-seaside living. Through its collaborations with world-renowned brands like Cavalli, DAMAC continues to push the boundaries of design and lifestyle.
Couture by Cavalli, by the shores of the Dubai Water Canal, is a masterpiece of design, blending high fashion with bespoke interiors inspired by Roberto Cavalli's signature aesthetic. This state-of-the-art art development features private sky pools, wellness retreats, ensuring a lifestyle of refinement and tranquillity. Meanwhile, DAMAC Bay and DAMAC Bay 2 by Cavalli, nestled at the upcoming and trendy Dubai Harbour, offer a new dimension of waterfront sophistication, panoramic sea views with sky gardens, a private beach, ultra luxury penthouses, exclusive dining options, and a Cavalli-inspired sensory experience. With their prime locations, these cutting-edge developments set an elevated benchmark for seafront living in Dubai's most sought-after maritime destinations.
A Strategic Presence at the Dubai International Boat Show
DAMAC's participation at the Dubai International Boat Show underscores its commitment to innovating luxury waterfront living, a natural fit for an event that attracts high-net-worth individuals, yachting enthusiasts, and global investors.
DAMAC invites the Dubai International Boat Show attendees to visit its stand and experience the perfect synergy between high fashion, waterfront elegance, and visionary design.
About DAMAC Properties
DAMAC Properties has been at the forefront of the Middle East's luxury real estate market since 2002, delivering award-winning residential, commercial and leisure properties across the region and internationally, including in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, the United States, as well as the United Kingdom.
Since then, the company has delivered more than 47,000 homes with over 40,000 more in diverse planning and development phases. Joining forces with some of the world's most eminent fashion and lifestyle brands to create tremendous living experiences, such as with Versace, Roberto Cavalli, or de GRISOGONO. With a consistent vision and momentum, DAMAC is building the next generation of luxury living across the globe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
15 hours ago
- Khaleej Times
UAE emerging as world's new wealth, investment hub; here's why
The UAE is fast establishing itself as a leading global wealth hub and a magnet for high-net-worth individuals (HNWIs), thanks to its business-friendly environment, robust regulatory framework, and political stability. The latest report by Capgemini Research Institute said that UAE along with Singapore, Hong Kong and Saudi Arabia have established themselves as prime alternatives, utilising advantageous tax policies, strong financial ecosystems, and political stability to draw global wealth.' The study noted global diversification is also a key strategy for next-gen high-net-worth individuals (HNWIs), who seek investment opportunities in traditional wealth hubs of London, Switzerland, and New York, therefore, emerging wealth hubs such as UAE, Singapore, Hong Kong, and Saudi Arabia are very quickly becoming attractive destinations. In the post-pandemic period, the UAE has seen record millionaires migration from around the world. According to Henley & Partners, the UAE attracted 7,200 millionaires from around the world in 2024, 4,700 in 2023 and 5,200 in 2022, attracted by zero income tax, safety and security, high returns on property investments and world-class quality of life. This is in addition to the 6,500 tech millionaires that the emirate housed in the first half of 2024. With a population of just over 10 million, the UAE is the world's 14th largest wealth market, housing 130,500 high-net-worth individuals or millionaires. UAE a wealth management hub The Middle East is also emerging as a formidable contender in global wealth management and the UAE and Saudi Arabia are capitalising on this trend as well, moving quickly to draft regulations that support international investors. 'In an increasingly uncertain world, high net worth individuals no longer question whether to keep their wealth in Switzerland, Singapore, UAE or Saudi Arabia. Instead, they embrace a multi-jurisdictional approach, distributing their assets across various financial centres to mitigate risks and maximise opportunities. Wealth management firms are evolving their strategies to provide clients with a unified view of their diverse investments,' said Capgemini Research Institute's study — Sail the great wealth transfer, setting a course to win next-gen HNWIs. The UAE's net wealth is growing faster than the regional and global average, reaching $2.9 trillion in 2023, growing by 10 per cent from the previous year, versus 8 per cent growth in. the Middle East and Africa region, according to Boston Consulting Group (BCG) annual global wealth report, Global Wealth Report 2024. Meanwhile, global financial wealth rose 7 per cent in 2023, following a decline of 4 per cent in 2022. Over the next five years, an estimated $92 trillion of financial wealth will be created globally. In the UAE, around 81 per cent of financial wealth is investable, which is expected to climb to 83 per cent by 2028, offering wealth managers massive opportunity. Influx of wealth managers To capitalise on the growing opportunities, local and foreign wealth management firms are further strengthening their teams while many new firms have established their presence in the UAE by relocating their offices in Dubai International Financial Centre (DIFC) and ADGM in Abu Dhabi over the last few years. As the Middle East, Africa, and South Asia's leading financial hub, DIFC oversees $450 billion (Dh1.65 trillion) in private wealth. More importantly, the free zone has access to $3 trillion in private wealth within an hour's flight, thanks to Dubai's strategic location. Last year, BlackRock, the world's largest asset manager with $11.5 trillion, was granted a commercial licence to operate in Abu Dhabi. Similarly, Rothschild & Co, a global wealth and management firm with over $100 billion in assets under management — expanded its business in Dubai last year with a new office to cater to the growing number of affluent population in the emirate. ADGM in Abu Dhabi granted licence to trillion-dollar asset management firms PGIM and New York Stock Exchange-listed Prudential Financial and Nuveen. During the first quarter of 2025, ADGM reported that assets under management grew 33 per cent compared to the same period in 2024. At the end of Q1 2025, 119 asset and fund managers managed a total of 184 funds out of ADGM. Next-gen millionaires seek high returns Capgemini Research Institute revealed that 88 per cent of relationship managers say that next-gen millionaires are 'more interested in alternatives than baby boomers.' While baby boomers focus most often on wealth preservation, next-gen HNWIs are predominantly risk takers, favouring higher growth asset classes such as private equity and cryptocurrency. 'With next-gen clients expected to switch relationship managers post-wealth transfer, factors like advisor age, digital experience, and relevance of the overall value proposition are key. To align with the evolving needs of younger and globally mobile investors, wealth management firms must modernize client engagement through artificial intelligence-driven tools, digital channels and tailored solutions,' Eric Mellor, wealth management specialist at Temenos UAE said. Industry executives suggest that many family offices especially led by second and third generations are now investing in cryptocurrency businesses, viewing them not as speculative gambles but as structured, strategic asset classes.
Khaleej Times
3 days ago
- Khaleej Times
UAE is rapidly becoming the go-to destination for the world's wealthiest families
The UAE is rapidly becoming the go-to destination for the world's wealthiest families seeking to manage assets worth trillions of dollars, and the recent Family Office Summit 2025, held in Abu Dhabi, underscored this shift. With its tax advantages, strategic location, and progressive regulatory framework, the UAE is redefining wealth management, attracting global high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) seeking innovative and secure ways to preserve and grow their wealth. Bringing together 235 high-level participants — including 61 family offices, 82 family holdings, and representatives managing over $500 billion in assets — the summit highlighted why the UAE is a magnet for family offices. The summit, a cornerstone event for global investors, showcased Abu Dhabi's rise as a hub for wealth leadership, building on the success of previous Dubai editions. Discussions spanned 11 panels, covering topics from governance to the future of legacy, with a focus on how family offices are evolving. A standout panel, 'Family Office 2.0,' featured experts like Vaidotas Melynavicius of Santocedrus Capital and Amer Al Osh of Gewan Holding, who emphasized the role of next-generation leaders in driving tech-enabled, future-ready family offices. These young stewards are embedding sustainability, technology, and entrepreneurial thinking into their investment strategies, reflecting a generational shift. According to a recent report, 79 per cent of Middle Eastern next-gen investors see high potential in digital and tech sectors, aligning with the UAE's innovation-driven vision. The UAE's appeal lies in its unique blend of advantages. Dubai, home to over 75 per cent of the region's family offices, manages more than $1.2 trillion in assets through 120 families and 800 family-related entities, as noted by Arif Amiri, CEO of the Dubai International Financial Centre (DIFC) Authority. The DIFC, the Middle East, Africa, and South Asia's leading financial hub, oversees $450 billion in private wealth and is central to this ecosystem. With access to $3 trillion in private wealth within an hour's flight, Dubai's strategic location makes it a gateway for global investment, connecting Asia, Europe, and the Americas. Tax benefits are a major draw. The UAE's zero-income tax, zero capital gains tax, and absence of inheritance tax create a tax-efficient environment for wealth preservation across generations. The introduction of a corporate tax in 2023 has further strengthened the UAE's financial framework, offering clarity and stability. These advantages are particularly appealing to Indian HNWIs, who are increasingly relocating to the UAE to structure their finances. The DIFC's 2023 Family Arrangement Regulations provide tailored support for single and multi-family offices, ensuring seamless operations for wealth management, tax planning, estate planning, and legal counsel. The UAE's regulatory environment is another key factor. The Dubai World Trade Centre Authority and DIFC have established clear frameworks for family offices, supporting both single-family offices (SFOs) and multi-family offices (MFOs). The DIFC's Global Family Business and Private Wealth Centre, launched in 2022, is the first of its kind globally, offering advisory services, networking, and dispute resolution. Family businesses contribute significantly to the emirate's economy, aligning with the Dubai Economic Agenda D33, which aims to position Dubai among the world's top four financial centers by 2033. Investment opportunities in the UAE are diverse and dynamic. Family offices are increasingly drawn to private equity, particularly in green energy, which aligns with the UAE's sustainability goals. Real estate, hospitality, technology, and healthcare are also thriving sectors, offering high growth potential. The Abu Dhabi summit highlighted how family offices are leveraging these opportunities to diversify portfolios and drive long-term value. For instance, discussions revealed a growing interest in digital assets, with the UAE's Virtual Asset Regulatory Authority (VARA) providing clarity and custody solutions. Next-gen and female leaders are embracing cryptocurrencies as strategic asset classes, moving beyond speculation to structured investments. The summit's focus on governance and resilience resonated strongly. Panels explored how family offices can future-proof their operations through smart governance, proactive risk management, and alignment with long-term goals. Technologies like artificial intelligence are being adopted to enhance decision-making and legacy planning, particularly by younger leaders. Obediah Ayton, Chairman of the Family Office Summit, noted, 'Family offices are strategically balancing financial returns with long-term impact, particularly through investments in high-potential sectors like healthcare and real estate.' The event's curated design, with dynamic seating and private networking lounges, fostered meaningful connections, with 19 family offices attending in the UAE for the first time. As a speaker at the event noted, 'the UAE's progressive vision, exemplified by its embrace of next-gen and female leadership, sets it apart.'
Khaleej Times
4 days ago
- Khaleej Times
The global tax game: How UAE is winning while London forgets its own playbook
In any game, it's not just how you play — but how others play — that can work to your advantage. This perfectly captures the ongoing shift in global tax dynamics, particularly in the United Kingdom. According to the 2024 Global Migration Report, over 9,500 high-net-worth individuals (HNWIs) have exited the UK — a number that is only expected to grow. One of the most significant catalysts for this exodus is the upcoming overhaul of the UK's non-domiciled (non-dom) tax regime, effective 6 April 2025. Let's break down what's changing—and why the UAE stands to gain the most. What Was the Non-Dom Regime? Until 5 April 2025, UK residents who were classified as non-domiciled could benefit from the remittance basis of taxation. This meant: They were only taxed on foreign income and gains (FIG) if these were brought into (remitted to) the UK. This allowed wealthy individuals to accumulate global income offshore without facing UK tax obligations - so long as they kept the money abroad. This system made the UK attractive to wealthy foreigners. But the landscape is about to shift. What's Changing from 6 April 2025? The UK government is abolishing the concept of domicile as a key factor in taxation and replacing it with a residence-based system. The key changes include: End of the Remittance Basis: All UK tax residents will be taxed on their worldwide income and gains, regardless of domicile status, after a transitional period. Transitional Relief: o For 2025–2026, only 50% of foreign income will be taxed if switching from the old to the new system. o A special 12% tax rate applies to foreign income earned before 6 April 2025 if remitted in the 2025–26 or 2026–27 tax years. Ultimately, after four years of UK tax residence, individuals will be taxed like any other UK resident—with no FIG exemptions. Who will this impact the most? These changes primarily affect HNWIs and global families who historically relied on the non-dom regime to protect their offshore wealth from UK taxation. The shift not only undermines long-standing tax planning structures but also reduces the UK's appeal as a global hub for mobile capital and top-tier talent. How the UAE stands to gain As capital chases efficiency, tax policy plays a decisive role in location selection. The UAE, with its 0% personal income tax regime, robust financial infrastructure, and world-class quality of life, emerges as a natural haven. Here's why the UAE is poised to gain the most: Strategic location: Needless to mention not just close to Europe - but at the crossroads of East and West, connecting global markets with ease. Stability and predictability: In a rapidly changing tax world, the UAE offers clarity, consistency, and long-term visibility for individuals and families. With a bold vision and cautious implementation of compliances, it emerges as a strong contender. Transparent and rules-based Golden Visa regime: Unlike jurisdictions such as Singapore - where the PR process is often seen as opaque and discretionary- the UAE has published its Golden Visa rules in black and white, creating a rules-based and inclusive system that welcomes both wealth and talent. Limited competition: With Hong Kong effectively out of the race due to political and regulatory concerns, and while traditionally leading in the race, Singapore, it's PR regime becoming increasingly restrictive, the UAE is among the very few jurisdictions offering competitive, clear, and welcoming advantages. The bigger picture: The global tax game The UK's tax reform is part of a larger pattern: nations are rewriting tax codes to balance fairness, revenue, and global competitiveness. But when one jurisdiction tightens its rules, others gain ground. For the UAE, this is not just a short-term win - it's a long-term opportunity to attract global talent and wealth. Follow us for more insights in our series: The Global Tax Game —where we explore how countries are competing to attract capital through smarter tax policies.
