“Dubai-based developer, Damac Properties, has revealed that its international arm is currently assessing a number of coastal destinations in Croatia as part of its global expansion plans.

In a statement, Damac International said that Istria, Dalmatia, and Dubrovnik are among the cities that it is targeting for investment opportunities, noting that the real estate projects it is looking into developing could be valued at ‘hundreds of millions of dollars’.

Wael Al Lawati, senior vice president of international business development at Damac, said: ‘Croatia has a lot to offer in terms of picturesque locations for residential communities, as well as being an attractive holiday destination for tourists, presenting tremendous potential for hospitality projects.'” (Construction Week)