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18 April 2024

DSF 2016: Developer offers Lamborghini, BMW for home buyers

Damac Properties has launched Dubai Shopping Festival promotion, offering luxury cars to home buyers. (Supplied)

By Staff

Dubai-based Damac Properties has launched Dubai Shopping Festival promotion, offering luxury cars to home buyers.

Under the offer, buyers can drive home in a 2016 Lamborghini or BMW or other luxury cars when purchasing a new property during the month-long event. Prices start from Dh692,000.

“Damac is committed to supporting the Dubai Shopping Festival and its various promotional activities which attract millions of tourists each year to Dubai and help positioning the emirate as an exciting, vibrant city to visit, shop and enjoy,” said company Senior Vice President Niall McLoughlin.

The developer will present to new home owners the 2016 models of various luxury cars, including Lamborghini Huracan, BMW 730i and BMW X6 xDrive 35i, and other luxury cars depending on the type of the property purchased. Eligible buyers will get their respective car upon the payment of 20 per cent of the price of the selected property or they can benefit from a cash discount.

Loughlin added: “During the past years and until today, we have spearheaded the promotion of Dubai and its real estate offering internationally in many cities around the world showcasing the experience of luxury living in Dubai and its financial benefits in terms of return on investments and this is based on our belief in the strong and sustainable status of the real estate market in our home city. The market position will be reinforced by the low supply of units expected in 2016. This will be the second consecutive year where the numbers of completed units delivered to the market will be below industry experts’ expectations.”

The company has announced its latest brand association, with an exclusive number of luxury villas designed and conceptualized by Bugatti within its Akoya Oxygen master development.

As of  September 30, 2015, the developer has delivered 14,375 homes and has a development portfolio of over 37,000 units at various stages of progress and planning. Included are more than 13,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, Damac Hotels & Resorts.