Dubai real Estate News

Dubai real Estate News

Following DAMAC Properties’ successful launch of AKOYA Imagine, the cluster of colourful villas aimed at millennials, the leading luxury real estate developer is now providing the opportunity for investors to purchase land plots in the same community, offering the flexibility for investment purposes or to design and build according to owners’ preferences.

Plots will be released with a starting price of AED 570,000, and a payment plan conveniently extended over two years. The land plots will go on sale in Tanzania on 15 and 16 July from 10am to 10pm daily in Dar Es Salaam at the Hyatt Regency Dar Es Salaam, The Kilimanjaro. A sales event will be held later this month in Nairobi, Kenya.

Furthermore, the unique offering from DAMAC Properties includes a construction permit and numerous unprecedented benefits such as the freedom to re-sell after paying only 20% of the purchase price, ability to commence with construction after paying only 50%, in addition to extended time to build, for up to eight years.

Ziad El Chaar, Managing Director, DAMAC Properties, said: “Investments in golf communities typically enjoy higher returns as supply in golf communities remains very limited. The golf course element elevates such communities, which are associated with luxury, providing a premium lifestyle where the community is healthier, due to the open, green spaces and fresh air, whilst still being in close proximity to the city.”

Further information is available at

DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002 – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the utmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Qatar, Saudi Arabia, Jordan and Lebanon.

As of 31st March 2016, DAMAC Properties has delivered over 15,800 homes, including approximately 2,000 hotel units. The Company has a development portfolio of over 44,000 units at various stages of planning and progress, comprising more than 13,000 hotel rooms, serviced apartments and hotel villas, which will be managed by its hospitality arm, DAMAC Hotels & Resorts. With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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