London now offers another exclusive development – DAMAC Tower by Nine Elms Property Limited, a subsidiary of DAMAC International Limited. DAMAC is one of the best reputed real estate businesses in the Middle East since 2002.
The new standards of living offered by DAMAC are now available in London, in the gentrified Nine Elms area on the south bank of the Thames. Built with Versace Home designs, the DAMAC Tower brings the ultimate quality to global investors in the UK.
50 storeys high, the cutting edge DAMAC Tower is poised to become another icon in London’s skyline. Blending together terracotta, stone and glass, the Tower displays a world-class design and harmonious architectural composition.
The building offers all sorts of lodging – from studios to one, two and three bedroom apartments with winter gardens and amazing city views.
The development is strategically located in the vicinity of London’s main sites and transport hubs. Three minutes walk from Vauxhall Station, 12-15 minutes drive to Buckingham Palace and Knightsbridge, 40-45 minutes to Heathrow and Gatwick.
DAMAC Tower Nine Elms is DAMAC’s premier development in the British capital and the first in Europe designed hand in hand with the legendary Versace Home. The celebrated Versace brand now led by Donatella Versace puts together the myth, craftsmanship and innovation of the 21st century. Opulent Versace designs ensure the ultimate luxury for London’s new iconic residential tower.
Not limited to the building itself, the DAMAC complex encompasses lengthy walkways and a gem of a public piazza where one can relax from the hectic city rhythm. The developer is also adding a new courtyard to host shops, cafés and outdoor spaces with unique landscaping features.
With over 50 percent of the units already sold, the DAMAC Tower Nine Elms has secured great demand among investors looking for premium property in London. The project is now running at an impressive pace and ahead of schedule.
Demand for new property in London is rising and the prices are declining along with the Brexit perturbations. The British pound fluctuations also make for more lucrative real estate deals. Given the ability of the UK economy to bounce back, buyers have all reasons to believe that an investment at present will yield rich ROIs in the near future.
Last year, DAMAC received over $200 million as part of the development package from the project’s three major lenders. The soaring demand and success of the Tower encourages the company to open up new investment opportunities in London.
The company also boasts luxury projects in the UAE, Qatar, Saudi Arabia, Jordan, Oman and Lebanon. It counts over 27,000+ homes delivered and 35,000+ units under way. DAMAC’s projects include hotels and resorts in the Middle East. For instance, DAMAC Properties is developing a $1.35 billion hotel and luxury residences in Dubai’s Burj area – Paramount Hotels & Resorts Dubai.
For more information on the DAMAC Tower in London, please contact the Astons experts.
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