Damac Properties to build Golfotel in Dubai
April 26, 2017 – UAE-based Damac Properties has unveiled plans to develop Golfotel, the only premium five-tower hotel property surrounded by a golf course in Dubai.
Golfotel will house more than 2,000 modern rooms with golf views of the Trump World Golf Club Dubai, which is set within the 55M sq ft community AKOYA Oxygen.
Amenities at the hotel will include a lounge and international restaurants, a gymnasium, and an outdoor swimming pool, as well as shuttle services to the tourist attractions all over Dubai and complimentary airport transfer.
Damac Properties senior vice president, Niall McLoughlin, said: “Investors will be pleased with the opportunity to own a hotel room on an international golf course that reaps higher returns than any other investment classes.
“Owning a hospitality unit provides an attractive return on investment due to the burgeoning tourism industry and potential revenues that can be generated.
“What we are offering is even more lucrative owing to the unique setting in a golf community — such properties usually command a premium because of their location.”