Damac Properties has announced that the first release of houses at its green master development ‘Akoya Oxygen’ was sold out yesterday in record time.

All sales centres in Dubai witnessed huge numbers of clients and investors interested in various types of houses within the project, said a statement.

Damac Properties will announce the second release of units in the project in due course, the statement said.

‘Akoya Oxygen’, is the first green master development plan spread over 55 million sq ft in Dubailand, and will showcase one of the greenest living spaces in Dubai with parklands, green open spaces and private gardens. The project will include an 18-hole championship golf course designed by an international golfing star due to be announced soon.

Ziad El Chaar, managing director of Damac Properties, said: "The unprecedented success was due to developing a green concept that will be integral to this new community. On a project of this scale and size, over 55 million sq ft, the open spaces, amenities, gardens and water features will take up approximately 50 per cent of the land and this will create a very attractive place to live and our clients recognised this value. What we saw was the appreciation of clients and investors who proved to be very aware that ‘green is the new black’.”
 
El Chaar added: “On the financial front, our price point offered during this first day of sales was attractive for the different types of clients seeking various properties in term of size, location and amenities. A five-bedroom house was available for Dh2.5million and these units were first to sell out. We are extremely confident that Akoya Oxygen will be the next success story after the success of Akoya by Damac.” - TradeArabia News Service