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Damac Properties’ ‘Akoya by Damac’ project, which was recently launched, sold out during a suhoor which took place in six venues across the UAE last night (July 21).
More than 300 investors from Saudi Arabia, Qatar, Kuwait, India, Pakistan, Russia and the CIS countries flocked to the venues for the nearly 300 luxury apartments in Loretto, which is located in Downtown Akoya and overlooks a private park, said a statement.
Ziad El Chaar, managing director, Damac, said: “Top end luxury living, in the right location, with the right developer, is proving to be as in demand as ever before.
“The market remains bullish, with savvy investors from all over the world are recognising the intrinsic investment opportunities that are abound.”
“Despite the scaremongering to the contrary, the Dubai property market remains at the top of its game and is driving great value to smart buyers,” he added.
The development is set around the Trump International Golf Club, Dubai and features branded villas and mansions by Fendi, Paramount Hotels & Resorts and The Trump Organisation.
The project, which will begin handing over units next year will be fully complete in 2018 and include hotels, hotel apartments, a 1.3km outdoor retail strip, private park, schools and hospitals. - TradeArabia News Service