"Exclusive: Dubai-Based Damac Properties Set To Launch Luxury Airline with Free Trips for Registrants"

Dubai, Nov 11, 2024 - Damac Properties, a major private developer in the UAE, is all set to enter the luxury airline sector with its own carrier, Damac Air. The airline will offer flights to several popular holiday destinations, including Seychelles, Maldives, Bali, Bora Bora, Fiji, and Hawaii.

In a move that is expected to fuel the demand for luxury air travel in Dubai, Damac Air aims to provide an unparalleled travel experience that blends exotic thrills with home comforts. The airline's debut will place it in competition with other regional players, including Beond and Rotana Jet.

As part of its promotional strategy, Damac Air has announced a special offer, registering people who want to be among the first to fly on its luxury aircraft. "We offer unparalleled journeys capturing the essence of the world's most coveted tropical paradises," states the airline's website.

Damac Properties, which has seen a significant spike in demand for its services due to Dubai's growing status as a global hub for affluent individuals, is banking on its expertise in real estate development and construction to drive its entry into the aviation sector.

According to industry insiders, the new airline will operate out of Dubai's Al Maktoum International Airport (DWC) with an initial fleet of aircraft. The airline has already secured contracts worth more than Dh7 billion for its projects, signaling its stability in the real estate market.

Moody's recently revised Damac Real Estate Development Limited's outlook to positive, affirming its 'Ba2' rating on $600 million senior trust certificates due in 2027. This move is attributed to the company's strong sales, active construction, and sound financial management.

Damac Properties has been riding high on its recent successes, with its sales figures soaring upwards for several months now. The company is now leveraging this momentum to expand into new territories, including air travel.

The airline's entry into the market is expected to create excitement among passengers looking for a luxury travel experience that offers more than just a quick flight from point A to B but an unforgettable journey with unparalleled comfort and services.