Damac to build five new 14-storey towers at Akoya Oxygen project

Damac Properties is planning to build five new 14-storey towers at the company’s Akoya Oxygen golf course community off the Umm Suqeim Road extension on the outskirts of Dubai. Damac announced today that it has started to market apartments in its Dh850 million Navitas Hotel & Residences project at the 55-million square feet Akoya Oxygen […]

Damac Properties is planning to build five new 14-storey towers at the company’s Akoya Oxygen golf course community off the Umm Suqeim Road extension on the outskirts of Dubai.

Damac announced today that it has started to market apartments in its Dh850 million Navitas Hotel & Residences project at the 55-million square feet Akoya Oxygen project, which will also include a Tiger Woods-designed golf course.

It said that apartment prices would start from Dh440,000 and would be available on a four-year payment plan.

One of the towers will comprise 312 hotel rooms, which will be managed by Damac Hotels & Resorts.

Akoya Oxygen will also include a 1-million sq ft shopping and entertainment centre, Vista Lux, which will include a “rainforest” and a hydroponic cafe and restaurant.

lbarnard@thenational.ae

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Source: Business

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