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| Qatar is an integral part of Dubai-based DAMAC real estate's expansion plans |
DAMAC Properties, a leading real estate developer in Dubai, unveiled its first commercial tower in Qatar. Business Square is an urban real estate development, spanning 39,000 sqm and is located in the southern end of Lusail, close to the West Bay area, within the Marina District. The launch of the property follows an announcement made by the Dubai-based developer last month on the opening of their first sales office in Qatar.
Peter Riddoch, CEO, DAMAC Properties, says, "Qatar is the world's second-fastest growing economy in the property sector in 2008 according to reports. The Qatari real estate sector which has evolved substantially over the years is currently experiencing an incredible demand for highly profitable real estate investments. Business Square is a step forward by us to strengthen our presence and showcase our commitment to the Qatari market.
Qatar is an integral part of Dubai-based DAMAC Properties expansion plans and part of the real estate firm's global vision. The value of the real estate project of Dubai-based developer exceeds QR400m.
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