DAMAC Properties Launches First Golf Condominiums overlooking the Trump International Dubai Golf Course in AKOYA
DAMAC Properties, the region’s largest luxury private developer, has released the first ever golf condominiums in Dubai.
Set in AKOYA by DAMAC, the developer’s 28 million square foot master development just ten minutes from Sheikh Zayed Road, the buildings consist of luxury condominiums, each with a panoramic view across the Trump International Golf Club, Dubai – the first course to be developed by the Trump organization in Asia.
Prices for the units, which come in various sizes, include a swimming pool, landscaped gardens, and a state-of-the-art gymnasium, start at AED 900,000. The condominiums are available in studios, one, two, three, and lavish four bedroom apartments in a unique design which accentuates the views across the golf course.
Each region, named Golf Panorama, Golf Horizon, Golf Vista, Golf Terrace and Golf Veduta sits close to the course, overlooking the fifth, sixth, seventh and eighth holes of the Trump International Golf Club, Dubai.
“AKOYA by DAMAC is fast becoming one of the most desirable golf course communities anywhere,” said Ziad El Chaar, Managing Director, DAMAC Properties. “Now, for the very first time in Dubai, you can own a lavish condominium overlooking the Trump International course, with enviable lush green views from every angle.”
“We expect these highly desirable and unique units to prove hugely popular with international investors looking to capitalise on Dubai’s position as the world’s top performing rental market,” he added.
According to the latest report from Knight Frank, an independent global residential and commercial property consultancy, rents in Dubai had increased by 18.3% in the year to March 2013. The Knight Frank Prime Global Rental Index stated that rents in prime areas in developing cities are driving the market, with traditional powerhouses such as Hong Kong, London and New York falling well behind.
Dubai’s property valuations are also experiencing strong growth with Asteco stating that valuations across the Emirate have grown 12% in the second quarter of 2013 alone and by 38% compared to Q2 2012.
“Dubai is back driving the international property market and all eyes are on the Emirate again,” added El Chaar. “It is the right time to bring a new living concept to Dubai and these condos will deliver a great opportunity to those looking for a secluded, peaceful lifestyle just a short distance from the bustling city.”
Each of the condominiums at AKOYA by DAMAC comes complete with fully-fitted kitchens, ceramic tiles floors, cabinets and stone counter tops. All rooms feature double glazed windows, air conditioning, balconies and are serviced by a 24-hour concierge desk.
DAMAC Properties has completed 8,890 units to date spanning 9,070,264 sq. ft. it also has a further 19,136 units at various stages of progress across the Middle East region covering 23,816,070 sq. ft. out of which 5,193 units will be completed in 2013.
In October 2011, DAMAC Properties launched its hospitality division, DAMAC Maison, which will provide bespoke services to residents in 7,957 serviced hotel apartments, across 8,280,507 sq. ft. by the end of 2016, with 2,810 serviced hotel apartments to be completed this year. This will position the company as one of the largest Hotel Apartment operators and developers in the world.
