DAMAC Properties will deliver a luxurious high-rise addition to its AYKON City flagship community. DAMAC, a prominent leader in real estate development for the Middle East has set a monumental construction proposal in the works for a second tower to be built. Its six-tower luxury project conveniently overlooks the waterways of the Dubai Canal. DAMAC’s massive development, known as AYKON Plaza, will cover 1.7 million square feet. The new high-end tower displays three basements, ten podium levels, a dedicated social and entertainment space, a rooftop terrace, and 49 floors of resident housing. It will take on a persona of its own with city-like scalability. AYKON Plaza will comprise of serviced apartments, hotel and office space, and elegant residences. The unprecedented facility will serve as AYKON City’s community entertainment and social gateway. This includes upscale venues such as cafes, fine restaurants, yoga and tai -chi areas, swimming, and an exclusive recreational locale for tenants called The Club.
The project’s construction is well on its way, DAMAC is expected to partner with a construction firm in mid-2018 for completion. DAMAC Properties was created and founded by Hussain Sajwani, who serves as Chief Executive Officer for the illustrious development company-one of the largest in the Middle East. The corporation is highly recognized for its growth and sustainability according to Forbes 2017 Global 2000 List.
Owner of DAMAC, Hussain Sajwani is an Emirati native, who grew up from humble beginnings. His father was an entrepreneur who sold imported goods from China. The brilliant owner of DAMAC decided to pursue education opposed to assuming the family business. In 1981, he secured a professional career in finance, then 2 years later created a catering business. In 2002, Mr. Sajwani created DAMAC Properties. The company has a diverse portfolio of 19,00 apartment installations and over 44,000 units in different stages of construction. In addition, DAMAC Properties was publicly listed on the trading market in 2015. Owner of DAMAC, Hussain Sajwani has set the bar for its new skyline tower addition. This is by far the largest premier endeavor that the developer has taken on in Dubai.