Damac Properties says it will release more villas at its Akoya Oxygen project this week.
A “limited” number of villas at the 55 million sq ft community in Dubai will be available at the International Real Estate & Investment Show in Abu Dhabi from Thursday.
“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,” said Niall McLoughlin, senior vice president at Damac Properties.
The London-listed developer aims to transplant 4,000 trees to create what it describes as a “lush green environment” on the site that will be located off the Umm Suqeim Road extension.
The first sales phase in August saw 200 villas sold in one night, while a second phase in September saw four-bedroom villas prices at Dh2.25 million.
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