Damac Properties has said that phase one of its Akoya Imagine villa scheme in Dubai has sold out, while the launch of the second phase will be on July 30.
The villas were designed and priced to attract professionals in the under 35 age group, according to Damac. They have been purchased by buyers of 26 different nationalities.
“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.
The sales event for phase 2 will be held for only one day at Jumeirah Emirates Towers (Godolphin Ballroom) in Dubai from 2pm to 10pm on a first-come-first-served basis.
Meanwhile, Jumeirah Golf Estates says it has launched the second phase of its Redwood Park Community in Dubai.
Construction of phase one has reached more than 80 per cent completion, with total completion scheduled for the fourth quarter of this year.
Prices at the townhouse development start from Dh2.89 million.
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