Property News · September 7, 2016

Damac to deliver batch of Akoya homes next month


The National staffDamac Properties announced at Cityscape Global 2016 that 1,350 units in its flagship master development Akoya would be delivered to investors next month. About 450 luxury villas and town houses, spanning four clusters – Silver Springs, Queen Meadows, Brookfield, and Whitefield – are completed. The 11 type of villas and town houses range from three to six-bedrooms, with many directly facing the international golf course in the community. Ziad El Chaar, the managing Director of Damac Properties said: “Akoya is our first master development in the UAE and the delivery of units to their owners marks a major milestone for us and demonstrates our ability to deliver a project of such complexity and size.” In July, the company announced the launch of Akoya Imagine villas at its Oxygen community in Dubai, which it said were more colourful properties with low community fees aimed at millennials. These went on sale starting at Dh1.2m for the smallest units and sold out within a few weeks. It also said it would start selling off plots of land at Oxygen, with the smallest starting at Dh600,000. Buyers would have 10 years to build on them.A spokesman for Damac said that buying a plot, as opposed to a villa, would allow buyers to build their own units “to personal preferences and tastes”.business@thenational.aeFollow The National’s Business section on Twitter

Source : thenational.ae
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