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Units snapped up in one day by investors comprising 26 nationalities
Dubai, United Arab Emirates - DAMAC Properties announced today that phase one of AKOYA Imagine villas has been sold out, and the launch of the second phase is planned for the end of July. The contemporary-styled villas, which are designed and priced to attract professionals in the "under 35" age group, have proven to be popular amongst millennials seeking a permanent residence or vacation home in one of the greenest golf communities in Dubai.
The sales event for phase 2 will be held for only one day at Jumeirah Emirates Towers (Godolphin Ballroom) in Dubai on July 30 from 2:00 pm till 10:00 pm on a first-come-first-served basis.
"With the number of mega projects underway in Dubai, such as Expo 2020 as well as tourist and leisure attractions, we are witnessing an influx of young professionals in a number of industries who are involved in providing services to support them," said Ziad El Chaar, Managing Director, DAMAC Properties.
"A significant number of this young and ambitious demographic are extremely keen on seeking out and investing in a value-for-money property in Dubai that matches their savvy lifestyle while also serving as a safe haven to live, settle down and achieve personal goals. We recognise this demand and hence the AKOYA Imagine community was developed with this kind of investor - young couples and families - in mind. We have already received excellent response, signifying the dynamism of Dubai's real estate sector and the emergence of new and exciting target segments."
Since its launch just two weeks ago, phase one of AKOYA Imagine villas has already been purchased by investors from over 26 nationalities, representing a diverse investor pool spanning the Middle East region as well as Asia, Europe, Africa and the Americas. AKOYA Imagine is targeted towards a new type of buyer - young, professional and savvy to the lifestyle and financial benefits of buying in an international golf course community, which is currently in limited supply.
Set at the heart of the AKOYA Oxygen master development, AKOYA Imagine villas form a community of colourful and contemporary homes surrounded by the lush greens and fairways of the international golf course by Tiger Wood Design. The artful palette of colours makes the homes suitable for those who seek relaxed living whilst the indoor and outdoor spaces are carefully arranged to offer a casual lifestyle that blends function with social and family living.
Watch the video of AKOYA Imagine at https://youtu.be/wUmldWUQMTU
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Further information is available at www.damacproperties.com
About
DAMAC Properties has been at the forefront of the Middle East's luxury real estate market since 2002 - bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the upmost quality. The company's footprint now extends across the Middle East with projects in the UAE, Qatar, Saudi Arabia, Jordan and Lebanon.
As of 31st March 2016, DAMAC Properties has delivered over 15,800 homes and has a development portfolio of over 44,000 units at various stages of progress and planning. Included are more than 13,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.
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For more information please contact: Tim Fallon, Vice President - Corporate Communications, DAMAC Properties. Tel: +971 4 373 1000 │ Fax: +971 4 373 2335 │ E-mail: tim.fallon@damacproperties.com
© Press Release 2016
