Real Estate

DAMAC Properties announced that the first release of houses at its green master devlopment AKOYA Oxygen were sold out yesterday in record time. All sales centres in Dubai dedicated to the sales introduction witnessed huge numbers of clients and investors interested in various types of houses within the project.

AKOYA Oxygen, is the first green master development plan spread over 55 million sq ft in Dubailand, and will showcase the greenest living spaces in Dubai with parklands, green open spaces and private gardens. The project will include an 18-hole championship golf course designed by an international golfing star due to be announced soon.

Mr Ziad El Chaar, Managing Director of DAMAC Properties said The unprecedented success was due to developing a green concept that will be integral to this new community. On a project of this scale and size, over 55 million sq ft, the open spaces, amenities, gardens and water features will take up approximately 50% of the land and this will create a very attractive place to live and our clients recognized this value. What we saw was the appreciation of clients and investors who proved to be very aware that green is the new black.

El Chaar added: On the financial front, our price point offered during this first day of sales was attractive for the different types of clients seeking various properties in term of size, location and amenities. A 5 bedroom house was available for AED 2.5million and these units were first to sell out. We are extremely confident that AKOYA Oxygen will be the next success story after the success of AKOYA by DAMAC.

The luxurious residential properties will be integrated with retail and hospitality products including a five star Hotel, a luxury wellness centre featuring wellness therapies, yoga programs, herbal treatments, diet control and exercise. The fully-integrated community will also include globally-recognised retail brands, leisure & entertainment offerings, and organic market places all set within beautiful manicured landscaping.

DAMAC Properties will announce the second release of its AKOYA Oxygen sales in due course. With sales offices across the UAE and abroad, DAMAC caters for the needs of local residents and foreign investors who have high awareness about the various projects through the international marketing campaign that DAMAC is leading, promoting Dubai as the first choice destination for living and investing in.

Established in 2002, DAMAC Properties has delivered almost 11,000 units to date and currently has a development portfolio of over 26,000 units at various stages of progress and planning as of June 30th 2014.

Further information is available at www.damacproperties.com or join DAMAC Properties on Facebook, Twitter (@DAMACOfficial) and YouTube.
For more information please contact: Niall McLoughlin, Senior Vice President - Corporate Communications, DAMAC. Tel: +971 4 3731000 Fax: 00 9714 3732335 Email: niall.mcloughlin@damacgroup.com

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