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Damac unveils luxury townhouses collection

DUBAI, December 16, 2016

Damac Properties, one of the leading luxury real estate developers in the region, has announced the launch of Mod, a collection of townhouses in the heart of the golf community Akoya Oxygen in Dubai, UAE.

Akoya Oxygen is a 55-million-sq-ft master development that will showcase one of the greenest living spaces in Dubai. Home to the 18-hole championship golf course by Tiger Woods Design, the eagerly anticipated development boasts easy access to Dubai’s major highways; yet is far enough away from the bustle of the city to offer a tranquil pace of life in a beautiful green setting.

The homes in this community, with a contemporary expression of luxury, have been priced to be accessible to a diverse mix of buyers of all nationalities, said the statement from Damac.

Each Mod townhouse features a bedroom, a living room and study, with the added-value feature of a private garden space that buyers will enjoy with these properties, it stated.

Priced at Dh595,000 ($161,960) with payment over three years, the units present a rare opportunity to own a home in an international golf community, at prices that are less than an apartment elsewhere, it added.

Niall McLoughlin, the senior vice-president at Damac Properties, said: "We are excited to bring to market yet another innovative residential offering within a green community. Mod townhouses uniquely provide first-time home buyers and investors alike with the opportunity to climb onto Dubai’s lucrative property ladder and enjoy the benefits."

"These Mod townhouses will go on sale on December 21 at Damac Maison Cour Jardin (first floor) in Business Bay, Al Abraj Street from 4pm to 10pm," he stated.

"At this price point, Mod townhouses are accessible to all customer segments, who can fulfil their dream of owning a home and enjoying the luxury and lifestyle of living in an international golf community, rather than buying an apartment," noted McLoughlin.

For investors, he stated, these properties present a stable real estate asset that can boost and diversify one’s investment portfolio.

"With the scenario of an ever-growing population in Dubai that require quality homes in greener spaces, capital appreciation and preservation are practically assured," observed McLoughlin.
"Another compelling reason to make this type of investment is the steady and high-yielding income. Dubai’s typical annual rental yields are currently anywhere from six to 10 per cent, outperforming other popular investment cities, and due to its lower price in comparison to the anticipated annual rent, we expect Mod to reap returns at the highest end of this scale," he added.-TradeArabia News Service

Tags: Dubai | Damac | townhouses |

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