Property developer Damac launched a 5.11 million square meter project, called Akoya Oxygen to include villas aimed at young homebuyers, The National reported.
The Akoya Imagine units will consist of three and five-bedroom villas with a starting price of AED 1.2 million. These units were designed with colorful exteriors and airy interiors to appeal to millennials, the company stated.
“Akoya Imagine is targeted towards a new type of buyer – young, professional and savvy to the lifestyle and financial benefits of buying in an international golf course community,” Managing Director of Damac Properties, Ziad El Chaar said.
“This type of community is proven to consistently yield higher returns than a purely residential one and there is a limited supply in Dubai.”