Dubai's Damac starts sales of Bay's Edge units

(MENAFN) Damac Properties stated that it will soon start sales of units at its Burj area project, reported Arabian Business. The Dubai-based company's 22-storey Bay's Edge tower consists of 220 units and is located across Burj Khalifa. The project costs USD108.8 million and will be ready in 2016, while each apartment will be sold for around USD195,974. The company took advantage of the increased demand of luxurious serviced residences at the Burj Area, according to the company's managing director, Ziad El Chaar.