DAMAC Properties: Sale of Dubai villas opens

Trump Organisation to manage and operate clubhouse, golf course and spa.

KARACHI:

DAMAC Properties, one of the largest private sector real estate developers in the Middle East, opened sale for its luxury villas within the AKOYA by DAMAC project off Umm Suqeim Road in Dubai, said a DAMAC press release.

AKOYA by DAMAC will be among the most luxurious golf community in Asia providing a luxury living experience within a fully integrated community. The first phase of sales was launched Friday morning with 205 units being made available. Prices for these luxury villas start at United Arab Emirates Dirham (AED) 2.4 million.

“This project will prove to be the ideal destination for our elite customers, who are on the lookout for opportunities to experience elegant, modern living in Dubai in an atmosphere of exceptional luxury and excellence,” said Ziad El Chaar, Managing Director, DAMAC Properties. “Funding is allocated and Dubai’s Real Estate Regulatory Agency (RERA) has signed off on our bank guarantees – we are moving full steam ahead,” he said according to the press release.



At the heart of AKOYA by DAMAC is the Trump International Golf Club, Dubai, - an 18-hole PGA Championship Golf Course which DAMAC Properties is developing in collaboration with Trump, the leading global luxury companies in the golf sector and the world’s most recognised brand, developer, owner and manager of world-class properties.

Trump will manage and operate Trump International Golf Club Dubai which will consist of a 30,000 square foot state-of-the-art clubhouse and luxurious Trump Spa & Wellness Centre, which will be managed to the highest standards by the Trump Organisation.

AKOYA by DAMAC will include a boutique hotel and international schools. In addition, the fully-integrated community will be home to globally-recognised retail brands, leisure and entertainment offerings, a sports complex and will be characterised throughout by beautifully manicured landscaping.

“We are confident that within this development, families will find the perfect environment to enjoy a premium lifestyle at the best destination in town,” added El Chaar.

El Chaar concluded: “This is the first time DAMAC Properties has developed a full-fledged residential complex comprising both villas and mansions, to provide customers with a new level of luxury, that has not been seen before. The project builds effectively on DAMAC Properties’ long experience of developing luxury apartments throughout the Middle East.”

Published in The Express Tribune, June 22^nd, 2013.