Dubai – Mubasher: Damac Hotels & Resorts, the hospitality arm of Damac Properties, is planning to add 1,700 hotel units to its portfolio over the next three years, aiming to handover 15,000 units by 2021.
Earlier in April, the Dubai-listed developer’s unit launched two new projects in Downtown Dubai and Business Bay, Damac Maison and Damac Maison Royale, according to an official statement.
“With Expo 2020 just around the corner, there is much expected from Dubai’s hospitality sector, and this global destination is all set to welcome over 20 million visitors in the coming years,” Damac Properties’ chairman Hussain Sajwani commented.
“I am confident that the coming years will see Damac a top contributor to world-class hospitality in the UAE and beyond,” Damac Hotels & Resorts’ senior vice president – Hospitality Jean Faivre said.
