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“They allowed us to get out of the family business mentality and really rebuild as an independent business, with a very professional management team,” he says.
After a quiet period for much of 2013, Damas re-emerged in November, declaring plans to expand to the largest jewellery markets and fashion capitals of the world in a high budget event at Dubai’s One&Only Royal Mirage hotel.
Las Damas Apartments are located just 5 minutes walk from a variety of shops, bars and restaurants.
Levante Beach is right across the street and the old town is in walking distance.
Las Damas Apartments have a seasonal outdoor swimming pool (open from mid June mid September, depending on the weather) which is surrounded by the sun terrace.
Fakhreddin also reveals that Damas recently came close to signing a deal in New York and is “aggressively” eyeing deals in the US and London, although there are no plans to look at other regions or cities for now.The family business’ three Abdullah brothers were convicted of withdrawing 7 million in unauthorised transactions by the Dubai Financial Standards Authority, its share price had plummeted, and it owed hundreds of millions to the banks.Now some three years later and under new ownership, Fakhreddin appears much less tense, describing the firm’s transition from the crisis years as a beautiful journey.The nearest golf course is 5 kilometres away, whilst Aqualandia and Mundomar aqua parks can be reached in approx seven minute by car.Alicante airport is approx 64km from the resort of Benidorm.