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Second Phase Of Burj Dubai Hotel Project Unveiled

by Carla Johnson, Investors

29 November 2006

Dubai's Emaar Properties has unveiled the second phase of its serviced apartment project, Burj Dubai Lake Hotel, located on the 3.5 km long boulevard at Downtown Burj Dubai.

Burj Dubai Lake Hotel is the residential and hospitality element of the AED73 billion (US$20 billion) Downtown Burj Dubai, which encompasses Burj Dubai, billed to be the world’s tallest tower when completed. The Burj Dubai also houses the Dubai Mall, the world’s largest shopping and entertainment destination and includes several other residential, leisure and commercial complexes.

“The first phase of Burj Dubai Lake Hotel, launched late-2004, was a sell-out success,” explained Ms Bahiya Kayed, Assistant Director of Sales, Emaar Properties.

“The launch of the second phase is in tune with the burgeoning demand for serviced apartments in the region and is an ideal opportunity for investing in the sector. Its central location in Downtown Burj Dubai also makes it a perfect home that has all the conveniences of serviced apartments," she added.

Khalid Zainal, Head of Sales and Distribution, Amlak Finance says that the company is offering 96% financial support to investors and home owners for Burj Dubai Lake Hotel, with the promise of good returns.

“Downtown Burj Dubai will be one of the most vibrant destinations in Dubai and being a serviced apartment, investors in Burj Dubai Lake Hotel will have the option of securing high returns that stems from a huge demand for quality accommodation. Demand is expected not only from leisure travellers but also from entrepreneurs and business professionals," he observed.

Burj Dubai Lake Hotel has a limited number of fully furnished studio and one-, two-, three- and four-bedroom serviced apartments.

“Residents can enjoy great views of the Downtown Burj Dubai development and be part of a bustling downtown lifestyle with several leisure and entertainment options,” added Ms Kayed.

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