The largest private real estate developer in the UAE, Damac Properties has launched it’s first residential tower in Business Bay, Dubai.

La Residence at the Lotus will be a 58 storey luxury residential tower with its architectural design inspired by the petals of the Lotus flower. 'Our inspiration for this project comes from the spectacular surroundings untouched by the stressful buzz of business life, the site location, the enveloping water body and one of the most celebrated flowers in the world, the lotus,' said Peter Riddoch, CEO at DAMAC Properties.

La Residence at the Lotus will offer 1, 2, and 3 bedroom apartments with mesmerizing interior features including private spa baths in all master bedrooms. La residence is designed to please all with amenities including swimming pools, gymnasium, health club, sauna, steam and massage facilities, valet parking, laundry service and much more.“The ambitious Business Bay project is being developed to grant Dubai with the role of a leading international commercial and business center”, says Brian Monahan of DubaiCondoProperty.com.

Multi-nationals and regional corporations can establish their headquarters on a freehold basis in Dubai's sprawling central business district. Dubai's Business Bay will be similar in nature to Manhattan or Ginza, which is the business center for the cities of New York and Tokyo. Hundreds of companies are setting up offices in Dubai every month and an increasing number of regional and international companies are working from the country. Business Bay is expected to be fully completed in 2010 helping to mark the beginning of another glorious era in Dubai's history. "With this launch people staying at La Residence will be just a walk away from their offices in Business Bay," said Hussain Sajwani, Chairman of Damac Holding.