Dubai’s DAMAC Properties has unveiled plans for 100 luxury mansions that will form the centre piece of its upcoming Akoya project.
The Trump Estates, as they will be known, will overlook the Trump International Golf Club, which was announced earlier this year.
DAMAC has so far released 205 luxury villas onto the market at the 28m square foot master development, which is located off Umm Suqeim Road and features a Donald Trump-branded 18-hole PGA Championship golf course.
Handover for the project is slated for March 2015.
“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,” Ziad El Chaar, managing director, DAMAC Properties.
“Funding is allocated and RERA has signed off on our bank guarantees – we are moving full steam ahead,” he added.
El Chaar said that DAMAC made full payment on the plots of land for phase one, while an Escrow account had been opened for infrastructure and construction payments.
El Chaar has previously told Arabian Business that Akoya “deserves to become the Beverly Hills of Dubai”.
The development also includes a boutique hotel and international schools, as well as retail brands, leisure and entertainment offerings, a sports complex.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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