Damac Properties announced on Monday that phase one of Akoya Imagine villas has been sold out, and the launch of the second phase is planned for the end of July.
The villas, which are designed and priced to attract professionals in the under 35 age group, have proven to be popular among millennials seeking a permanent residence or vacation home in one of the greenest golf communities in Dubai, the developer said in a statement.
The sales event for phase 2 will be held for only one day at Jumeirah Emirates Towers in Dubai on July 30 from 2-10pm on a first-come-first-served basis, it added.
Damac said since its launch just two weeks ago, phase one of Akoya Imagine villas has been purchased by investors from over 26 nationalities, representing a diverse investor pool spanning the Middle East region as well as Asia, Europe, Africa and the Americas.
“With the number of mega projects underway in Dubai, such as Expo 2020 as well as tourist and leisure attractions, we are witnessing an influx of young professionals in a number of industries who are involved in providing services to support them,” said Ziad El Chaar, managing director, Damac Properties.
“A significant number of this young and ambitious demographic are extremely keen on seeking out and investing in a value-for-money property in Dubai that matches their savvy lifestyle while also serving as a safe haven to live, settle down and achieve personal goals.
“We recognise this demand and hence the Akoya Imagine community was developed with this kind of investor – young couples and families – in mind. We have already received excellent response, signifying the dynamism of Dubai’s real estate sector and the emergence of new and exciting target segments.”
Set at the heart of the Akoya Oxygen master development, Akoya Imagine villas form a community of homes surrounded by the greens and fairways of the international golf course by Tiger Wood Design.
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