Damac to turn focus away from tall towers, says chairman Hussain Sajwani

SourceArabian Business
SectorReal Estate

Damac Properties chairman Hussain Sajwani has revealed the Dubai-based giant will be “avoiding” building tall towers in the future, with a concentration more on villas and developments up to a maximum of 15 stories.
Damac’s collection of high-rise properties includes the Paramount Tower Hotel and Residences Dubai; the 84-storey Damac Heights tower; three residential towers at Bellavista at Damac Hills; and Zada Residence in Dubai’s Business Bay, among many more.
However, in an interview with CNN’s Zain Asher, Sajwani said going forward the company is “avoiding now any tall towers”.
“I think towers of 60, 80 stories, a dozen elevators, you have to wait so long for elevators, people are not comfortable. Our focus is going to be more on villas, six stories, 12 stories, up to 15 stories,” he said.
Sajwani, who previously

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