DAMAC Properties said the first phase of AKOYA Imagine Villas in Dubai has been sold out and that the second phase has been planned to go on sale Saturday.
“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,” DAMAC Properties Managing Director Ziad El Chaar said.
The villas are aimed at professionals in the under 35 age group seeking permanent residence or a second home in the green community in Dubai.
“A significant number of this young and ambitious demographic are extremely keen on seeking out and investing in a value-for-money property in Dubai that matches their savvy lifestyle while also serving as a safe haven to live, settle down and achieve personal goals,” El Chaar said. “We recognize this demand and hence the AKOYA Imagine community was developed with this kind of investor - young couples and families - in mind.”
The first villas of phase two will go on sale on Saturday on a first-come-first-serve basis at the Jumeirah Emirates Towers in Dubai.