{"id":1004047639,"date":"2012-10-01T07:42:34","date_gmt":"2012-10-01T15:42:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004047639"},"modified":"2022-12-08T08:20:23","modified_gmt":"2022-12-08T16:20:23","slug":"damac-completes-abu-dhabi-mixed-use-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/damac-completes-abu-dhabi-mixed-use-development\/","title":{"rendered":"DAMAC Completes Abu Dhabi Mixed-Use Development"},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Marina_Bay_by_DAMAC_Properties.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004047641\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/damac-completes-abu-dhabi-mixed-use-development\/marina_bay_by_damac_properties\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Marina_Bay_by_DAMAC_Properties.jpg\" data-orig-size=\"300,451\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Marina_Bay_by_DAMAC_Properties\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Marina_Bay_by_DAMAC_Properties.jpg?w=300\" class=\"alignleft  wp-image-1004047641\" title=\"Marina_Bay_by_DAMAC_Properties\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Marina_Bay_by_DAMAC_Properties.jpg\" alt=\"\" width=\"198\" height=\"298\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Marina_Bay_by_DAMAC_Properties.jpg 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/10\/Marina_Bay_by_DAMAC_Properties.jpg?resize=200,300 200w\" sizes=\"auto, (max-width: 198px) 100vw, 198px\" \/><\/a><\/p>\n<p>Leading Middle Eastern luxury developer DAMAC Properties has announced the completion its first Abu Dhabi development: the mixed-use luxury property Marina Bay.<\/p>\n<p>Located on the highly desirable Al Reem Island, 24-story Marina Bay is a high-end mixed-use waterfront development that combines luxury living with luxury retail and commercial space. The latter are located on the ground floor and mezzanine level, the further space is taken up by the residential component. The residential element contains one, two and three-bedroom apartments.<\/p>\n<p>\u201cMarina Bay is a hugely anticipated project and we feel sure customers will be delighted with the high quality finish and refined luxury they have come to expect from DAMAC Properties,\u201d said \u00a0Niall McLoughlin, senior VP of DAMAC Properties in a statement.<\/p>\n<p>Among the finishing touches and high-end amenities, McLoughlin makes references to a temperature-controlled swimming pool overlooking the waterfront, a state-of-the-art fitness room and day spa complete with sauna and steam room, as well as massage facilities. A children\u2019s playroom has also been included. Ground and mezzanine level retail is completed by an array of cafes and restaurants serving international cuisine.<\/p>\n<p>\u201cThe current market situation creates an outstanding medium to long-term strategy for investors. We have been delighted with the response and\u00a0there remain just a few units left at Marina Bay, highlighting the demand for high quality luxury apartments and commercial locations in Abu Dhabi,\u201d Niall McLoughlin added, noting \u201cthis is another big milestone for DAMAC Properties. Completing our first project in Abu Dhabi is a big step for the company as we continue to expand our portfolio of completed projects across the GCC.\u201d<\/p>\n<p>DAMAC Properties is currently developing. \u00a0Burjside Boulevard, the luxury hotel apartments in the Burj Area of Dubai, set to complete by first quarter 2013, as well as DAMAC Tower in Beirut, Lebanon. The Residences at Business Central in Dubai and the show homes at t Al Jawharah in Jeddah, Kingdom of Saudi Arabia have recently finished. Several other projects have also finished or are under development across the Middle East, in locations such as Abu Dhabi, Dubai, Qatar, Egypt, the Kingdom of Saudi Arabia and Jordan.<\/p>\n<p>Established in 2002, DAMAC Properties is part of Damac Holdings<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A leading Middle Eastern developer has completed its very first Abu Dhabi development, a mixed-use property called Marina Bay.<\/p>\n","protected":false},"author":49,"featured_media":1004047641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21751,16,21783,21752,21742,21749],"tags":[],"class_list":["post-1004047639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-hotel","category-international","category-investment","category-mixed-use","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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