AKOYA Oxygen Golfing Community offers 20% higher investment values
Story published at 15:21, Tuesday, April 14th, 2015
Luxury real estate developer DAMAC Properties has revealed more details of its popular AKOYA Oxygen master development, making it one of the most progressive family lifestyle communities in Dubai.
It comes after a report by audit and advisory firm KPMG stated that golf courses increase the valuation of adjacent real estate by up to 20% when compared to similar real estate in a neighbourhood without the golf course component. The course in AKOYA Oxygen is being designed by Tiger Woods and managed by The Trump Organisation.
DAMAC Properties has confirmed that the designs for Woods’ first course in the region are now complete and that preliminary work is already underway on the 18-hole, par 72, 7,400 yard championship standard Trump World Golf Club, Dubai, which will be a key attraction of the AKOYA Oxygen development. The tender for the main construction will be issued shortly with the course set to become one of the most challenging and desirable course to play in the world, taking inspiration from the courses Tiger Woods has won on from around the globe.
In addition, the company has announced further details of the key central entertainment district which will run alongside a scenic canal in the heart of the project. This area is set to attract visitors from all over with many firsts for the region including a self-contained experiential Rainforest.
More than 2,000 luxury serviced hotel apartments and hotel rooms will be housed above the retail and entertainment component, making the area a hive of activity and the central meeting point for people in Dubailand.
“In AKOYA Oxygen you don’t just live, you experience living,” said Niall McLoughlin, Senior Vice President, DAMAC Properties. “There is so much more to the development than luxury homes. Owners will reside next to the only Tiger Woods-designed golf course in the Middle East and be able to walk along the canal to see the Dubai Rainforest.”
“AKOYA Oxygen is set to be the focal point for tourists and residents with so much to see and do,” he added. “Savvy buyers today demand much more than four walls and a roof – it is important to deliver an integrated lifestyle in tune with their aspirations.”
AKOYA Oxygen was launched in August 2014 to huge acclaim with the first and second phases of villas sold out within record time. AKOYA Oxygen is a living community allowing residents to escape the City to a lush green environment with an upscale resort feel. Luxurious residential properties will be integrated with green and modern design to feel at peace with the environment, all set within beautiful manicured landscaping.
The first residents will be moving into the luxury villas and townhouses at AKOYA Oxygen in 2017 with the full development set to be completed in time for the World Expo being hosted in Dubai in 2020.
As of December 31st 2014, DAMAC Properties has delivered almost 13,000 homes and has a development portfolio of over 38,000 units at various stages of progress and planning. Included are more than 10,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, DAMAC Hotels & Resorts.
DAMAC Properties www.damacproperties.com