By Courtney Trenwith
Luxury condominiums to overlook first Trump golf course in Asia
Damac Properties has released the first golf condominiums in Dubai at its Akoya by Damac development, which will include the Trump International Golf Club.
The residences will each have views of the golf course, to be the first in Asia by US businessman Donald Trump’s Trump International.
Prices start at AED900,000 ($245,000) for a studio, with one, two, three and four-bedrooms also available.
In a statement on Monday, Damac said the condominiums would be designed to maximise the views of the golf course and would be built within regions named Golf Panorama, Golf Horizon, Golf Vista, Golf Terrace and Golf Veduta sitting close to the course and overlooking the fifth, sixth, seventh and eighth holes.
“We expect these highly desirable and unique units to prove hugely popular with international investors looking to capitalise on Dubai’s position as the world’s top performing rental market,” Damac managing director Ziad El Chaar said.
“Dubai is back driving the international property market and all eyes are on the Emirate again. It is the right time to bring a new living concept to Dubai and these condos will deliver a great opportunity to those looking for a secluded, peaceful lifestyle just a short distance from the bustling city.”
Akoya by Damac is the company’s largest development to date, spanning 28m square feet off Umm Sequim Road.
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 land has already been bought from Dubailand but no timeline for construction has been announced.
The first phase of sales at Akoya, 205 luxury villas, were launched in June, with prices starting from AED2.4m ($650,000).
Damac, which says it is the largest luxury developer in the Middle East, is also building two mixed-use developments in partnership with movie producer Paramount.
Damac should at least first deliver the projects already started a number of years ago before launching new one. I bought an apartment 7 years ago and paid 80% but dont know when it will be handed over.
A few weeks ago Damac made the comment that the golf course would be finished by the end of 2013 and the article here states that they have not even broken ground! Sounds like a lot of hot air talk to me!
Unfortunately DAMAC again is in the scene, Damac was one of the main elements of the sufferring of investors in Dubai.
Damac is the reason of many people who lost their investments and of course in the other hand some other gained due to the loss of others.