Dubai’s Damac Launches More Units For Sale At AKOYA Oxygen Project

Dubai developer Damac Properties has announced the second release of units at its AKOYA Oxygen development following strong investor interest in the first phase of the project.

AKOYA Oxygen, which is located in Dubailand, is a 55 million square foot community that will feature both residential and hospitality units surrounding a championship 18-hole golf course.

Launched in August, the developer said that it had sold out all units in its first release on the launch night.

“The response to the launch of AKOYA Oxygen has been beyond expectations,” said Ziad El Chaar, managing director, Damac Properties.

“We had originally planned to bring the second release of units at AKOYA Oxygen out just prior to Cityscape Global in September, but the strength of the demand from customers has encouraged us to bring this forward.”

The developer said that the second release of units will be made available for sale at private events across the UAE on Wednesday, September 3.

Sales will be held in locations such as Damac Maison – Dubai Mall Street, The Oberoi and the JW Marriott Marquis in the Burj Area of Dubai, the Atlantis Hotel on the Palm Jumeirah, and the Rotana Al Ghurair Rayhaan in Deira, the statement said.

“We are anticipating another packed evening at the venues across Dubai as we have some prime units being made available,” added El Chaar.

AKOYA Oxygen also features a five-star international hotel and a luxury wellness centre that offers yoga progammes, herbal treatments, an organic market place along with a number of international retail and leisure brands.

Damac Properties first launched the ‘AKOYA’ brand last year with the AKOYA by DAMAC master development, which is set around the Trump International Golf Club.

The property developer has delivered almost 11,000 units to date and has a development portfolio of over 26,000 units at various stages of progress and planning as of June 30, 2014.