Dubai-based developer Damac Properties said the first release of houses at its green master development ‘Akoya Oxygen’ have been sold out in record time.

‘Akoya Oxygen’, is the first green master development plan spread over 55 million sq ft in Dubailand, and will showcase 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.

All sales centres in Dubai dedicated to the sales introduction witnessed huge numbers of clients and investors interested in various types of houses within the project, said a senior official.

Ziad El Chaar, the 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 50 per cent of the land and this will create a very attractive place to live and our clients recognized this value. What we saw was the appreciation of clients and investors who proved to be very aware that 'green is the new black'," he observed.
 
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 5 bedroom house was available for Dh2.5 million ($680,444) 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.”

The luxurious residential properties will be integrated with retail and hospitality products including a five star Hotel, a luxury wellness centre featuring wellness therapies, yoga programs, herbal treatments, diet control and exercise.

The fully-integrated community will also include globally-recognised retail brands, leisure & entertainment offerings, and organic market places all set within beautiful manicured landscaping.-TradeArabia News Service