DUBAI, UAE, August 9, 2016 /PRNewswire/ --
Tower 108, luxury living at an all-time high, also to be launched at sales event; opportunity to secure long-term yields in growing tourism sector
DAMAC Properties today announces the release of AKOYA Imagine plots within an international golf community. The leading luxury real estate developer is providing the opportunity for investors to purchase land plots in a thriving community, comprised of colourful villas and featuring low annual community fees with an extended time to build for up to 10 years.
Plots will be released with a starting price of AED 600,000 and will go on sale on Saturday, 20th August in Dubai at Jumeirah Emirates Towers Hotel, Godolphin Ballroom from 4 pm to 10 pm.
Ziad El Chaar, Managing Director, DAMAC Properties, said: "Investments in golf communities typically enjoy higher returns as supply remains limited and are considered more financially stable than investments in financial instruments. For those investors considering suitable long-term opportunities, this exciting development represents the perfect occasion to plan for their children's future, their own retirement or to grow and enhance their financial portfolios. Furthermore, Dubai is also known for its prime release estate and high yields, offering a more secure and stable investment environment than most other investment classes."
In addition, at the same sales event, DAMAC Properties will be launching its 33-storey Tower 108, a collection of serviced hotel apartments located in Jumeirah Village Circle. To be operated by DAMAC Maison de Ville, the hotel apartment units present a lucrative investment opportunity with potential for high returns.
With the unique living experience that Tower 108 offers; a contemporary living experience that combines the comforts of home with the service standards of a luxury hotel, the offering is expected to appeal to visitors and residents alike.
Further information is available at http://www.damacproperties.com
Notes to editor: 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 upmost 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.
SOURCE DAMAC Properties