Damac Properties is to start selling off plots of land at its Akoya Oxygen community in Dubai.
The plots will have a starting price of Dh600,000 and Damac said that it will give investors up to 10 years to build on them.
Last month, the company announced the launch of Akoya Imagine villas at Oxygen, which it said were more colourful properties with low community fees aimed at millennials. These went on sale starting at Dh1.2m for the smallest units and sold out within a few weeks.
A spokesman for Damac said that buying a plot, as opposed to a villa, would allow buyers to build their own units “to personal preferences and tastes”.
“This is of huge appeal to those young and creative individuals who want no restrictions on how their home should be designed,” the spokesman said.
Despite this, the company said that the external façade of the villas would have to comply with the design and colour scheme of the broader community. Plot buyers would also need to get approval from Damac as master developer for the contractor that they chose to use.
The plots available will be close to the Tiger Woods-designed course at the Trump World Golf Club at Akoya Oxygen, which is a 55 million sq ft community off Al Qudra Road, near its junction with Emirates Road.
Damac’s managing director, Ziad el Chaar, said: “Investments in golf communities typically enjoy higher returns as supply remains limited and are considered more financially stable than investments in financial instruments.”
The developer said that it would launch sales of Akoya Imagine plots at an event at Jumeirah Emirates Towers on Saturday, August 20.
It added that it would also begin sales of serviced hotel apartments at a new tower project in Jumeirah Vilage Circle at the same event.
The company said that units at Tower 108, a 33-storey building, would be operated by its in-house Damac Maison de Ville brand.
mfahy@thenational.ae
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Creator: Lauren LeFranc
Rating: 4/5
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Tickets
Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.
The biog
Family: Parents and four sisters
Education: Bachelor’s degree in business management and marketing at American University of Sharjah
A self-confessed foodie, she enjoys trying out new cuisines, her current favourite is the poke superfood bowls
Likes reading: autobiographies and fiction
Favourite holiday destination: Italy
Posts information about challenges, events, runs in other emirates on the group's Instagram account @Anagowrunning
Has created a database of Emirati and GCC sportspeople on Instagram @abeermk, highlight: Athletes
Apart from training, also talks to women about nutrition, healthy lifestyle, diabetes, cholesterol, blood pressure
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Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
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Getting there
The flights
Emirates and Etihad fly to Johannesburg or Cape Town daily. Flights cost from about Dh3,325, with a flying time of 8hours and 15 minutes. From there, fly South African Airlines or Air Namibia to Namibia’s Windhoek Hosea Kutako International Airport, for about Dh850. Flying time is 2 hours.
The stay
Wilderness Little Kulala offers stays from £460 (Dh2,135) per person, per night. It is one of seven Wilderness Safari lodges in Namibia; www.wilderness-safaris.com.
Skeleton Coast Safaris’ four-day adventure involves joining a very small group in a private plane, flying to some of the remotest areas in the world, with each night spent at a different camp. It costs from US$8,335.30 (Dh30,611); www.skeletoncoastsafaris.com
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4.10pm: Handicap Dh165,000 (D) 2,000m, Winner: Gundogdu, Xavier Ziani, Salem bin Ghadayer.
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BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
SPECS
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Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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How to improve Arabic reading in early years
One 45-minute class per week in Standard Arabic is not sufficient
The goal should be for grade 1 and 2 students to become fluent readers
Subjects like technology, social studies, science can be taught in later grades
Grade 1 curricula should include oral instruction in Standard Arabic
First graders must regularly practice individual letters and combinations
Time should be slotted in class to read longer passages in early grades
Improve the appearance of textbooks
Revision of curriculum should be undertaken as per research findings
Conjugations of most common verb forms should be taught
Systematic learning of Standard Arabic grammar
