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Damac Announces Plan For Three New Dubai Hotels
(3 February 2016)


Damac Properties has announced it will open three new hotels over the course of 2016, providing 900 new hotel rooms.

In a statement to the Dubai bourse, the company said it planned to open the 350-key Damac Maison Upper Crest in the Burj Khalifa area of Downtown Dubai; Damac Maison The Distinction, also in the Burj area with 300 keys, and Naya Tenora in Dubai South, which is scheduled to have around 250 keys and will be the first of the three to open this year. 

The hotels are in addition to Damac’s five other hotel projects in the Burj area and take the total number of hotel rooms and serviced apartments operated by the real estate developer to 2,350 by the end of 2016.

Damac senior vice-president Niall McLoughlin said: “The hospitality industry is one of the strongest sectors in Dubai where every year, this vibrant international city is recording higher numbers of visitors that reached over 14 million in 2015 as per the Dubai Department of Tourism and Commerce Marketing (DTCM).

“One of the many proofs of the strong performance of the hospitality sector is the average hotel rooms occupancy in 2015 that was around 80 percent across the year. With its vision of hosting 20 million visitors by the year 2020, and its continuous investment in the infrastructure and the various related services, the Dubai government is paving the way for continuous success and development of this growing sector.”

He added that DAMAC Hotels and Resorts will extend its hospitality portfolio that includes several other projects under construction currently reaching approximately 13,000 units upon complete roll out by the year 2019.

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