Damac has announced that it plans to start selling another tranche of villas in its vast Akoya golf course scheme on the outskirts of Dubai.
The London-listed developer sold 200 villas in one night at its Akoya Oxygen project earlier this month after revealing plans to plant a forest in the Dubailand desert to help sell the scheme.
Damac said that it was still deciding how many homes would be included in the second batch of sales but that four bedroom villas would start at Dh2.25 million.
Sales for the second phase of the 55 million square foot scheme off the Umm Suqeim Road will open on Wednesday, September 3.
“The response to the launch of Akoya Oxygen has been beyond expectations,” said Ziad El Chaar, managing director, Damac Properties.
“We had originally planned to bring the second release of units at Akoya Oxygen out just prior to Cityscape Global next month, but the strength of the demand from customers has encouraged us to bring this forward.”
Damac is one of a number of developers investing in Dubailand where projects were put on hold in the wake of the 2008 property crash but which is now witnessing a rebound.
lbarnard@thenational.ae
Follow The National's Business section on Twitter
