Real Estate

Leading luxury real estate developer, DAMAC Properties will release more villas at its AKOYA Oxygen master development during the International Real Estate & Investment Show (IREIS) in Abu Dhabi later this week.

The 55 million square foot luxury green community in Dubai is quickly becoming one of the most talked about living spaces under development in the city. The project will offer the most lush, serene environment in the region, set around the Trump World Golf Club, Dubai.

This is a short-term offer to be one of the early investors in AKOYA Oxygen and secure a prime unit, said Niall McLoughlin, Senior Vice President, DAMAC Properties. We have seen an overwhelming response and uptake for the first phase of units in the development and we expect this limited number of luxury villas to be gone in double-quick time.

DAMAC Properties has been confirmed as a gold sponsor of the IREIS exhibition which is returning for its 6th year from 20-22 November 2014 at ADNEC in Abu Dhabi. Spanning more than 10,000 sq metres and including more than 100 exhibitors from over 30 countries, IREIS is expected to attract more than 15,000 visitors during the three-day consumer event.

We have seen a great deal of interest in our portfolio from people living and working in Abu Dhabi, added McLoughlin. IREIS is a key platform to highlight our luxury living experiences across the region.

There has been a recent increase in villa communities launched in Dubai to provide a home for the people moving to the city as both population and tourism grow. AKOYA Oxygen is the market leader, offering a home away from home in a peaceful and tranquil environment, while also providing easy access into the central business district.

DAMAC Properties will be participating from stand F10 at the entrance for the show with expert property consultants available to discuss the latest opportunities in the property market.

Established in 2002, DAMAC has delivered almost 12,000 units to date and currently has a development portfolio of over 39,000 units at various stages of progress and planning as of September 30th 2014, which includes over 10,000 hotel rooms and serviced hotel apartments.

Further information is available at www.damacproperties.com

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