Jacuzzi or sauna? Damac launches hotel spa villas in Dubai's Akoya Oxygen

Damac is continuing its creative ways of attracting property buyers to Dubai with the launch of a collection of villas containing a private garden spa. The hotel spa villas are part of Damac’s Akoya Oxygen project, on the Umm Suqeim Road, and provide buyers with a choice of Jacuzzi or sauna in the garden. Prices […]

Damac is continuing its creative ways of attracting property buyers to Dubai with the launch of a collection of villas containing a private garden spa.

The hotel spa villas are part of Damac’s Akoya Oxygen project, on the Umm Suqeim Road, and provide buyers with a choice of Jacuzzi or sauna in the garden.

Prices start at Dh1.7 million, and they come fully furnished and serviced.

The Dubai developer, well known for offering customers sports cars and jet skis if they buy luxury apartments, has been offering unique property concepts amid a soft Dubai market, with Akoya Oxygen set to feature the Middle East’s first rainforest.

It is also selling Bugatti villas – where home owners can sit in their lounge and see their sports car parked in a glass adjacent garage – within the development. These villas are priced in the region of Dh36m. Elsewhere, Damac is building new luxury flats next to Dubai Canal with their own car lifts.

Developers have also been using increasingly generous terms in recent months to try and generate sales after luxury properties lost about 10 per cent of their value in 2015, according to real estate consultancy Asteco.

Earlier this year, Damac announced a “capital guarantee” offer, which guarantees the value of a home for two years after delivery. It was also offering investors a guaranteed annual return on advance payments during construction of 3 per cent a year – twice the amount likely to be received from a bank – until completion.

The hotel spa villas are ideal for those who lead a hectic lifestyle and seek serenity and relaxation in their own home, according to Niall McLoughlin, senior vice president, Damac Properties.

“This presents a unique offering for investors as it includes, as a standard feature, the spa facilities that are usually only available when one customises their property, and we all know this is not necessarily cost-effective,” he said.

Akoya Oxygen is set around the Tiger Woods-designed Trump World Golf Club, Dubai. It will also include a 1 million sq ft shopping and entertainment centre called Vista Lux, plus more than 2,000 villas.

ioxborrow@thenational.ae

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Source: Business

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