Real estate related news and press releases covering MENA region.
Damac offers a yacht, speed boat with every new home this summer
Jun 14, 2012
Dubai-based real estate developer Damac Properties has rolled out a promotion offer under which buyers are to get a yacht, a speed boat or a jet ski with every property bought this summer, The National has reported. For the next 30 days, anyone buying a Damac property is to receive a Sea-Doo jet ski, a Monterey cruiser, or an Azimut yacht worth more than $1m, depending on the model and specifications. Damac's properties start at about Dhs900,000. "We believe that the current market conditions will be more receptive to a wide-ranging promotion like this rather than a more extravagant raffle prize where there is only a chance for one person to win," said Niall McLoughlin, a senior vice president at Damac. The developer has 50 buildings at various stages of construction across the Middle East and North Africa, comprising 9,849 units.