Dubai-based Damac Properties on Tuesday announced its largest ever project, which it says will be the most luxurious golf community in Asia.
The 29 million sq ft master development will be build off Umm Sequim Road in Dubai and feature an 18-hole PGA Championship Golf Course surrounded by mansions, villas, townhouses and luxurious apartments.
It will also include a spa, boutique hotels and international schools from kindergarten to secondary, as well as globally-recognised retail brands, leisure and entertainment offerings and a sports complex.
The development, to be named Akoya by Damac after one of the most exclusive pearls in the world, will create a “thriving living environment” for residents and travellers.
Damac said it would be designed with distinctive architecture, lush landscaping and “unrivalled five-star service in every element of the luxury living environment”.
The development will be Damac’s largest project by size and scale, making the 11-year-old company the largest luxury developer in the Middle East, and further confirming the stabilisation in the Dubai real estate market, which crashed in 2008-09.
“We aim to make Akoya by Damac the most desirable living environment in Dubai for aspirational professionals who recognise ultimate luxury,” Damac Properties chairman Hussein Sajwani said.
“The development will bring a blend of high-end, five-star living, with unrivalled facilities and create a haven for families looking to make Dubai their home.”
He added: “We are in advanced discussions with a number of leading global brands to make ‘Akoya by Damac’ the most sought-after area in Dubai.”
The land already has been bought from Dubailand but no timeline for construction has been announced.
Damac also is developing the $1bn Damac Towers by Paramount in conjunction with the famous production company.For all the latest business 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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