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Wed 5 Oct 2016 02:07 PM

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Dubai's Damac set to launch sales of new $330k villas

Developer unveils Akoya Selfie homes which form part of a golf community at Akoya Oxygen

Dubai's Damac set to launch sales of new $330k villas

Damac Properties has unveiled its Akoya Selfie project, a collection of three-bedroom villas located in a golf community at Akoya Oxygen master development.

The Dubai-based developer said it is targeting young professionals, couples and families with Akoya Selfie homes while also presenting investors with the opportunity to buy plots to enable them to build their own dream homes.

Akoya Selfie villas will go on sale on Saturday from 2pm to 10pm in Dubai, Abu Dhabi and Al Ain, Damac said in a statement, adding that prices start at AED1.2 million ($330,000).   

Ziad El Chaar, managing director, Damac Properties, said: “Akoya Selfie is our latest project innovation that caters to the needs of millennials and families who seek to be part of an international golf community that offers an all-encompassing and refreshing lifestyle.

"Unlike most cities around the world, the millennial population in Dubai is quite significant and therefore there is a need to offer real estate products that suit their tastes and savvy lifestyle.”

According to the Dubai Statistics Centre, the median age of residents in Dubai lies between 30 and 34 years as of 2015, falling well within the millennial segment of 25 to 39 years.

This equates to 1.2 million and corresponds to 48 percent of the total population of Dubai.

Facilities at Akoya Selfie comprise private front and back gardens, separate living, dining areas and kitchen, plot title deed included with every villa, and covered car parking.

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