Dubai's Damac set to launch sales of new Akoya townhouses

Developer says MOD townhouses in Akoya Oxygen project will go on sale on Wednesday
Dubai's Damac set to launch sales of new Akoya townhouses
By Staff writer
Mon 19 Dec 2016 02:01 PM

Damac Properties has announced the launch of MOD, a collection of townhouses in the heart of international golf community Akoya Oxygen.

The developer said in a statement that the MOD townhouses will go on sale in Dubai on Wednesday, December 21, priced at AED595,000 with payment over three years.

It added that each MOD townhouse features one bedroom, a living room and study, with the added-value feature of a private garden space. 

Niall McLoughlin, senior vice president, Damac Properties, said: “We are excited to bring to market yet another innovative residential offering within a green community. MOD townhouses uniquely provide first-time home buyers and investors alike with the opportunity to climb onto Dubai’s lucrative property ladder and enjoy the benefits.”

He said Dubai’s typical annual rental yields are currently anywhere from 6 to 10 percent, and expected the MOD townhouses "to reap returns at the highest end of this scale”. 

Akoya Oxygen is a 55-million-square-foot master development that will showcase one of the greenest living spaces in Dubai including a 18-hole championship golf course by Tiger Woods Design.

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