Damac launches apartments near Dubai Expo 2020 site

16 December 2013

Project is latest to be announced in wake of Dubai’s winning bid for the Expo

Dubai-based Damac Properties has become the latest developer to reveal plans to build a residential project near the Dubai Expo 2020 site. The developer said construction is ‘well advanced’ on a 10-storey tower offering 270 serviced apartments at Dubai World Central (DWC), which will be home to the Expo 2020 and Al-Maktoum International airport.

Units in the Tenora complex are now on sale with prices starting at Dhs610,000 ($166,000). The development will be managed by Damac Maison, the company’s hospitality division, and it will include a 24-hour concierge, maid services, a kids’ club, cafe and a luxury spa.

The project is scheduled for completion in the second quarter of 2015 and aims to serve Al-Maktoum International airport and professionals working on the adjacent Expo 2020 venue.

“Dubai’s Expo 2020 success will be the catalyst for future growth and investment in Dubai for the next seven years,” said Niall McLoughlin, senior vice president of Damac Properties.

“Tenora is designed specifically to support the influx of people to the DWC area of Dubai – not only during the exhibition itself, but also the many thousands of people who will be working on the project in the lead up to the event.”

Dubai won the bid to host the 2020 World Expo in November and has pledged to make it one of the largest Expos ever, with an expected 25 million visitors.

Last week, Emaar Properties signed a deal with DWC to develop an integrated urban centre and golf destination within DWC near the Expo site.

Spread over an area of 13.63 million square metres, the scheme was the first to be announced following the UAE’s win, and is being developed in line with the theme of the Expo - ‘Connecting Minds, Creating the Future’ and its three subthemes, ‘Mobility, Sustainability and Opportunity.’

The first phase of the development will include a golf-course villa community, several hotels, a high-end shopping mall, leisure attractions and a business hub that promotes youth entrepreneurship.

Destination Dubai 2020
On 28-29 January 2014, MEED will hold its Destination Dubai 2020 event. The two-day conference will bring together the emirate’s key government-related entities and stakeholders to discuss their respective growth plans and outline Dubai’s ongoing expansion to 2020 and beyond. For the very latest information regarding this event, please visit www.destinationdubai2020.com

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