DAMAC Properties is a property developer that is headquartered in Dubai, in the United Arab Emirates. It is owned by Hussain Sajwani who established this company in 2002. He recently announced that apartments in his newest building, Rěva Residences, are now available for sale.
Rěva Residences is a high-end apartment building that features both one and two bedroom units. It is located in the heart of Dubai, Business Bay. Business Bay is the busiest district in Dubai and where much of the business, dining, and entertainment is located. Hussain Sajwani says that this building is perfect for both young upwardly mobile executives and young couples who want to enjoy everything that Dubai has to offer.
As the CEO of DAMAC Properties, Hussain Sajwani oversaw the site selection and development of Rěva Residences. He says he chose this particular site for this project because it offers great views of the Dubai Canal. He held a full-day sales event towards the end of January 2018. This event took place at Jumeirah Emirates Tower’s Godolphin Ballroom. This event lasted from 10 am to 10 pm and sales of the apartments started at AED 699,000.
Rěva Residences features all of the amenities that one can expect in a luxury apartment building. There is a concierge service that is available 24 hours a day, landscaped gardens, a gym outfitted with the latest and most technologically advanced equipment, a children’s play area, and more. Each unit in this building has expansive bathrooms and kitchens that have high-end appliances.
DAMAC Properties is offering in-house financing for those who move into the Rěva Residences. New residents can pay just 1% on a monthly basis and at the end of the loan term the 45% balance becomes due.
Hussain Sajwani has been an entrepreneur since 1982 when he established his first company. He established DAMAC Properties when he saw a big opportunity to develop properties in Dubai and then throughout the Middle East. In addition to being the CEO of DAMAC Properties, Hussain Sajwani is also this firm’s chairman of the board.