Dubai’s Damac says phase 1 of Akoya Imagine villas sold out

Damac Properties announced on Monday that phase one of Akoya Imagine villas has been sold out, and the launch of the second phase is planned for the end of July.

The villas, which are designed and priced to attract professionals in the under 35 age group, have proven to be popular among millennials seeking a permanent residence or vacation home in one of the greenest golf communities in Dubai, the developer said in a statement.

The sales event for phase 2 will be held for only one day at Jumeirah Emirates Towers in Dubai on July 30 from 2-10pm on a first-come-first-served basis, it added.

Damac said since its launch just two weeks ago, phase one of Akoya Imagine villas has been purchased by investors from over 26 nationalities, representing a diverse investor pool spanning the Middle East region as well as Asia, Europe, Africa and the Americas.

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