The real estate market in the city of Dubai is one of the hottest and most fascinating in the world. Over the past two decades, the real estate market has boomed considerably and there are now many different luxurious real estate developments found all over the area. One company that has continued to be a leader in the Dubai real estate market is DAMAC Properties.
DAMAC Properties is a real estate developer and manager that is based in Dubai. Hussain Sajwani founded the company over 15 years ago. Ever since Sajwani formed the company, the organization has continued to build very impressive properties all over Dubai and other areas of the world. Sajwani has a very long and successful track record in the real estate industry and recently unveiled plans to expand upon one if its most popular assets.
DAMAC Properties recently announced plans for the development of a second tower located at the luxurious Akyon City. The new project will be a major addition to the planned community. It is expected to have three basements, a ground floor and lobby, 10 floors of podium levels, and finally nearly 50 floors of luxury condo space. In total, the property will have more than 1.7 million square feet of space.
The Akyon City project is a very unique one that is new to Dubai. While the city is well known for having very creative and luxurious retail development, Akyon City is the first development that is able to act like its own small city. The enormous project already has residential space, office space, shopping, dining, and other amenities that helps to make it one of the top developments in all of Dubai.
At this point, the final plans for the new tower are still being worked on. It is expectd that the project will be able to break ground in the next year. Once it is done, it will continue to make Akyon City one of the premier real estate developments in all of Dubai as more and more people will look to move their homes and places of business to the area.