{"id":5302,"date":"2016-02-21T01:48:27","date_gmt":"2016-02-20T18:48:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=5302"},"modified":"2016-02-20T22:51:18","modified_gmt":"2016-02-20T15:51:18","slug":"damac-to-build-luxury-flats-with-car-lifts-next-to-dubai-canal","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-to-build-luxury-flats-with-car-lifts-next-to-dubai-canal\/","title":{"rendered":"Damac to build luxury flats with car lifts next to Dubai Canal"},"content":{"rendered":"


\n
\nThe property developer Damac is building new luxury flats next to the Dubai Canal, each with their own car lifts. The six-tower, 4 million square foot project, Aykon City, will be built on Sheikh Zayed Road. In the 2012 US presidential election, Mitt Romney’s wealth raised eyebrows when it was disclosed that his $12 million beach house contained a car lift – an elevator that brings your car from your garage to the door of your house without the need for ramps.
\nNow, Damac, which displays the name of a different American presidential contender, is bringing the car-lift concept to Dubai. The development will include an 80-floor hotel with hotel apartments, a 63-floor tower of hotel apartments, a 65-floor office tower and two 30-floor towers, each of which will be home to “ultra-luxury” flats – and each of which will have its own car lift – an elevator that brings your car from your garage to the door of your house without the need for ramps.
\nThe hotel project will include a tourist attraction in which consenting adults walk around the perimeter of the roof of the 80 storey hotel building. Construction will begin in the summer and should be complete by 2021. Damac will shortly begin to sell off-plan properties in the development, it said. This is just the latest attempt to fuse the ultra-luxury market’s love of the automobile with expensive apartments. With glass car-parking bays inside the house, Damac’s Bugatti Villas are designed to allow residents to appreciate their expensive car purchases from any room in the house.
\nDamacs’s announcement comes as Dubai’s property market cools and high-end properties suffer. Luxury properties shed about 10 per cent of their value in 2015, according to real estate consultancy Asteco. Ultra-luxury developments have been hit by a strengthening dirham, which makes local property more expensive to foreign buyers, and the collapse in oil prices, which has slowed economic activity in Dubai.
\nDamac was caught in a media storm over its partnership with the Trump Organization following an anti-Muslim tirade by US presidential hopeful Donald Trump last year.abouyamourn@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Damac to build luxury flats with car lifts next to Dubai Canal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The property developer Damac is building new luxury flats next to the Dubai Canal,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-5302","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1nw","jetpack-related-posts":[{"id":11422,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jacuzzi-or-sauna-damac-launches-hotel-spa-villas-in-dubais-akoya-oxygen\/","url_meta":{"origin":5302,"position":0},"title":"Jacuzzi or sauna? Damac launches hotel spa villas in Dubai's Akoya Oxygen","date":"April 26, 2016","format":false,"excerpt":"\r Damac is continuing its creative ways of attracting property buyers to Dubai with the launch of a collection of villas containing a private garden spa.The hotel spa villas are part of Damac's Akoya Oxygen project, on the Umm Suqeim Road, and provide buyers with a choice of Jacuzzi or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32693,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-state-to-build-part-of-damac-hotel-project\/","url_meta":{"origin":5302,"position":1},"title":"China State to build part of Damac hotel project","date":"November 2, 2016","format":false,"excerpt":"\r Damac Properties has awarded the China State Construction Engineering Corporation a Dh554 million contract to build part of its second Paramount Hotel project in Dubai.China State, the world's third-largest construction company, said it had been awarded the main work contract to build 27 floors of serviced flats of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32717,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cscec-to-build-part-of-damac-hotel-project\/","url_meta":{"origin":5302,"position":2},"title":"CSCEC to build part of Damac hotel project","date":"November 2, 2016","format":false,"excerpt":"\r Damac Properties has awarded the China State Construction Engineering Corporation (CSCEC) a Dh554 million contract to build part of its second Paramount Hotel project in Dubai.CSCEC, the world's third-largest construction company, said it had been awarded the main work contract to build 27 floors of serviced flats of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-to-build-2000-room-hotel-overlooking-akoya-oxygen-golf-course\/","url_meta":{"origin":5302,"position":3},"title":"Damac to build 2,000-room hotel overlooking Akoya Oxygen golf course","date":"April 23, 2017","format":false,"excerpt":"\r Damac Properties has announced plans to build a five-tower hotel comprising 2,000 hotel rooms overlooking its planned Trump branded golf course at Akoya Oxygen.The Dubai-listed developer known for its high-profile tie- up with the US president Donald Trump's golf course operation, is marketing the hotel rooms to investors as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-apartments-at-al-habtoor-city-begin\/","url_meta":{"origin":5302,"position":4},"title":"Sales of apartments at Al Habtoor City begin","date":"March 23, 2016","format":false,"excerpt":"\r \r The Al Habtoor Group has held a sales launch for the Residence Collection of apartments at its US$3 billion Al Habtoor City project at the junction between the Dubai Water Canal and Sheikh Zayed Road. The Residence Collection is made up of three towers under construction behind a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1789,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-developers-emaar-damac-to-develop-almost-2000-new-apartments\/","url_meta":{"origin":5302,"position":5},"title":"Dubai developers Emaar, Damac to develop almost 2,000 new apartments","date":"January 17, 2016","format":false,"excerpt":"\r \r Two of Dubai\u2019s biggest developers are pressing ahead with plans to develop almost 2,000 new apartments despite weakening property sentiment.Emaar said on Sunday that it would start selling 750 apartments and 14 villas at its planned twin tower Harbour Views project in Dubai Creek Harbour next to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5302"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=5302"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/5302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=5302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=5302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=5302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}