Akoya by Damac is the driving force behind the profits at Damac Properties in Dubai in 2014

Akoya by Damac - 2014 starts on a perfect note

The sales are coming thick and fast at Akoya in 2014, the super luxurious golf course development in dubai Land. This ambitious project by the Damac Real Esate Group in Dubai has seen a flurry of activities in the recent past more specifically in the first four months of 2014. The Villas and plots have all seen a tremendous response by discerning buyers from across the globe and this lovely property development is blazing away to glory in terms of actual unit sales and deal closures.

There has been a whopping 80 per cent (approx) increase in the profits for this developer in the 1^st quarter of 2014. This has been possible largely due to the increase in sales and demands for its flagship venture Akoya which is being developed as a golf course project having international names such as Trump and Paramount too.

Damac Properties do know how to develop good real estate but they also have the knack to market and sell their properties in the global market. Right from the offer of expensive cars to private yachts to discerning buyers, the Damac Group have gone all out to woo potential buyers from across the globe convincing them to invest in Akoya by Damac not only in terms of investment but also in terms of self use. The best people from across the world have bought properties in Akoya simply because the development offer a truly luxury living option and also due the fact that Dubai Real estate is started to find some good form due to various factors including a very positive economy growth, policies, etc.

The result of the combined efforts of the Damac Group and the positive momentum of the Dubai property market has been that Damac properties have increased their profits by USD 93 million in the first 4 months of this year.

Echoing a very positive sentiment and adding icing to the cake is the fact Damac properties plan to deliver close to 5000 units this year in Dubai. This would be a massive boost not only to the Damac Group and its real estate business but also to the real estate business of entire Dubai region and will invite more investments from buyers across the world.

The off plan sales for Akoya by Damac started around a year back and options like luxury villas, plots were on offer in this project. The executive Chairman of Damac properties Mr. Hussain Sajwani confirmed that the robust performance by the group has been largely possible due to the steady economic growth in the overall financial Dubai market which has obviously rubbed off on the real estate market as well. The group is extremely confident of carrying forward its sales momentum ahead as the year matures and is looking forward to a much healthier and stringer bottom line in the coming days.