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Dubai’s real estate firm launches property expo in Addis Ababa

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A Damac real estate project in Addis Ababa (Damac photo)
By Tesfa-Alem Tekle

January 11, 2020 (ADDIS ABABA) - Dubai’s luxury housing developer, DAMAC Real Estate, on Saturday, January 11, 2020, launched its "Dubai Property Expo 2020" in the Ethiopian capital, Addis Ababa as the firm eyes to expand its business to potentially targeted African countries.

The two-day Property Expo event launched today is being held at Hyatt Regency hotel located at Meskal square in the heart of Addis Ababa.

DAMAC is a leading private real estate and property development company, based in Dubai, in the United Arab Emirates (UAE).

The company has been at the forefront of the Gulf countries and the Middle East’s luxury real estate market since 2002.

The company operates internationally delivering luxury residential, commercial and leisure properties across the region, and has a presence in UAE, Saudi Arabia, Qatar, Jordan, Oman, Lebanon and the United Kingdom.

Today’s launch of DAMAC’s property Expo 2020 in Addis Ababa intends to expand the company’s luxury Apartments’ sales to investors in Ethiopia, Africa’s second most populace nation.

At the venue, Sudan Tribune on Saturday witnessed several Ethiopian investors buying DAMAC’s luxury properties including apartments ready for a handout or under different stages of construction.

To date, DAMAC properties have completed 26,000 units of an award-winning residential, commercial and leisure properties across the Middle East, and of which it has delivered over 24,330 home units.

The company currently has a development portfolio of over 37,000 units in progress at various stages of planning and programs, of which over 10,000 are hotel rooms, serviced hotel apartments and serviced villas that represent the company’s hospitality portfolios.

The company will tomorrow, on12th January resume sales of property and registration of interested home buyers at the Hyatt Regency hotel starting from morning 10.00 am to 10.00 pm local time.

(ST)

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  • 13 January 05:40, by Langbaar

    The criminals in Dubai (UAE) must not try not to invest in Abesh (so-called ethiopia), however they think, they have free money to spend in Adis Ababa. Because are going to bomb the vermin to Saudi Arabia, with their Djibouti, French army base and the US army base there and get away with with it, reasons, pure HATRED and RACISM. Fellows, we have informed you fools enough>>>>

    repondre message

    • 13 January 05:47, by Langbaar

      We are going get back our Gambella region by force and by a way of war. Abiye Ahmed is a piece of trash. He was given a European so-called *Nobel peace prize* by some lowly fools in Norway. That Nobel peace prize doesnt worth what the low lives always project other people to be them. In fact, the criminals from Norway who always ’award these so-called Nobel peace prizes are bunch of low lives’>>>>

      repondre message

      • 13 January 05:59, by Langbaar

        these criminals are even project by some of their loser to be the ones who came and built our ’Pyramids’ or their vikings. Really?? I am a beneficiary of Norwegian people aid (NPA), Norwegian are are very honest and well educated. But they are equal to the Dinkas/Muounyjiengs of the Sudan. The UK, the UK and their US even called themselves ’troika’ countries in our country and over our people>>>

        repondre message

        • 13 January 06:12, by Langbaar

          Really? Here in South Sudan we don’t like anything that is connected to evil English people, their cloned so-called arabs of North Sudan, their Abeshas (so-called ethiopian) prostitutes, some of their Bantuses, their evil juus (so-called israelis), their UN, their sleazy NGOs, their>>>>

          repondre message

          • 14 January 09:54, by Fathi

            Mr. Pakuai aka Pakua so-called Langbaar,
            You’re right that the nobel peace prize is a joke. It is all political. They committee has even given the terrorist organization Norwegian People’s Army so-called Norwegian People’s Aid (NPA) a nobel peace prize too. NPA is a terrorist organization and will likely do the same with thing your fake Ph.D. Machar. Enjoy your deal with the devil.

            repondre message

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