Commenting on the buy, DAMAC Chairman and Founder, Hussain Sajwani, claimed: “DAMAC Attributes has extended been eyeing progress alternatives in Miami. We see the town, which is recognized for becoming a luxurious and manner centre, as a all-natural in good shape for our Business, which has an proven name for its branded luxurious offerings.”
Surfside, in the latest many years, has become a hotspot for ultra-luxury condominium developments, together with the Four Seasons Private Residences, the Fendi Chateau Residences, and the Arte Surfside properties.
The city also has a collection of high-conclude inns, including the Four Seasons, the St. Regis Bal Harbour, and the Ritz-Carlton Bal Harbour and its most important shopping region, the Bal Harbour Retailers, is identified during Miami as a luxury procuring spot.
DAMAC Homes, regarded for its luxury serious estate choices each regionally and globally, is promptly expanding its world wide footprint this kind of as its flagship project in Europe — DAMAC Towers 9 Elms in the prestigious Zone 1 district of London with Versace interiors.
The Surfside task will be DAMAC’s initially in the United States.
The Company’s consistent success over the years, and additional just lately on the tailwinds of Dubai’s stellar economic functionality and forecast, has propelled it to eye many world wide options for progress and development.
It is producing a luxurious resort in the Maldives to be operated by worldwide resort brand name Mandarin Worldwide and has currently jobs in Canada, the United kingdom and across the Center East.
In 2021, DAMAC Homes introduced two jobs in Dubai, DAMAC Lagoons, the developer’s third learn neighborhood in Dubai, and Cavalli Tower, an ultra-lavish 70-storey tower overlooking Palm Jumeirah, with Cavalli-branded interiors. Both equally initiatives have found fantastic customer curiosity and desire.
“Our world-wide enlargement into the United States marks a major milestone and demonstrates that DAMAC is a pressure to be reckoned with. This is an enjoyable time, and we have a lot in shop,” Sajwani claimed.
“We are speedily expanding, not only in our actual estate endeavours but in different sectors such as manner, hospitality and even rising industries such as the Metaverse, NFTs and info centres. This enables us to stay ahead of the curve,” he concluded.
Resource DAMAC Qualities