Business & Money | Wednesday 15 April, 2015 12:00 am |

Designs for Tiger Woods-Designed Trump World Golf Club, Dubai Completed, 1500 homes under construction. Central Canal Hub of Retail, Entertainment and Dining.

Dubai, United Arab Emirates: For Immediate Release, 13 April 2015: Luxury real estate developer DAMAC Properties has revealed more details of its popular AKOYA Oxygen master development, making it one of the most progressive family lifestyle communities in Dubai.

It comes after a report by audit and advisory firm KPMG stated that golf courses increase the valuation of adjacent real estate by up to 20% when compared to similar real estate in a neighbourhood without the golf course component. The course in AKOYA Oxygen is being designed by Tiger Woods and managed by The Trump Organisation.

DAMAC Properties has confirmed that the designs for Woods’ first course in the region are now complete and that preliminary work is already underway on the 18-hole, par 72, 7,400 yard championship standard Trump World Golf Club, Dubai, which will be a key attraction of the AKOYA Oxygen development. The tender for the main construction will be issued shortly with the course set to become one of the most challenging and desirable course to play in the world, taking inspiration from the courses Tiger Woods has won on from around the globe.

In addition, the company has announced further details of the key central entertainment district which will run alongside a scenic canal in the heart of the project. This area is set to attract visitors from all over with many firsts for the region including a self-contained experiential Rainforest.

More than 2,000 luxury serviced hotel apartments and hotel rooms will be housed above the retail and entertainment component, making the area a hive of activity and the central meeting point for people in Dubailand.

“In AKOYA Oxygen you don’t just live, you experience living,” said Niall McLoughlin, Senior Vice President, DAMAC Properties. “There is so much more to the development than luxury homes. Owners will reside next to the only Tiger Woods-designed golf course in the Middle East and be able to walk along the canal to see the Dubai Rainforest.”




“AKOYA Oxygen is set to be the focal point for tourists and residents with so much to see and do,” he added. “Savvy buyers today demand much more than four walls and a roof – it is important to deliver an integrated lifestyle in tune with their aspirations.”

AKOYA Oxygen was launched in August 2014 to huge acclaim with the first and second phases of villas sold out within record time. AKOYA Oxygen is a living community allowing residents to escape the City to a lush green environment with an upscale resort feel. Luxurious residential properties will be integrated with green and modern design to feel at peace with the environment, all set within beautiful manicured landscaping.

The first residents will be moving into the luxury villas and townhouses at AKOYA Oxygen in 2017 with the full development set to be completed in time for the World Expo being hosted in Dubai in 2020.

As of December 31st 2014, DAMAC Properties has delivered almost 13,000 homes and has a development portfolio of over 38,000 units at various stages of progress and planning. Included are more than 10,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, DAMAC Hotels & Resorts.

Further information is available at www.damacproperties.com

Notes to editor: DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002 – bringing luxury living experiences to residents from all over the world. Making its mark at the highest end of stylish living, DAMAC Properties has cemented its place as the leading luxury developer in the region, offering iconic design and the upmost quality. The company’s footprint now extends across the Middle East with projects in the UAE, Qatar, Saudi Arabia, Jordan and Lebanon.

As of December 31st 2014, DAMAC Properties has delivered almost 13,000 homes and has a development portfolio of over 38,000 units at various stages of progress and planning. Included are more than 10,000 hotel rooms and serviced hotel apartments under development, which will be managed by its hospitality arm, DAMAC Hotels & Resorts.

The company is listed on the Dubai Financial Market (DFM). The company also issued a US$650 million five year Sukuk on NASDAQ Dubai in April of 2014, which was more than four times oversubscribed and was placed with institutional investors across Europe, the Middle East and Asia.

As a leading player in the market, DAMAC Properties has joined forces with some of the most recognisable fashion and lifestyle brands in the world to bring new and exciting living concepts to the market. Projects include a Tigers Woods designed golf course which will be managed by The Trump Organisation, luxury apartments with interiors by Italian fashion-house Versace, luxury apartments and villas with interiors by FENDI and uniquely conceptualised Paramount Hotels and Resorts to bring serviced living at it most opulent.

The company is also developing two of the most anticipated luxury master communities in Dubai – AKOYA by DAMAC and AKOYA Oxygen. With a combined square footage of almost 100 million sq ft, the two distinct projects bring luxury villas within lush green surrounds to the doorstep of those looking to escape the city lights in a private, serene environment.

Running through the heart of each project will be an 18-hole Championship Golf Course – The Trump International Golf Club, Dubai designed by Gil Hanse at AKOYA by DAMAC and The Trump World Golf Club, Dubai, designed by Tiger Woods. Both courses will be managed by the Trump Organisation, offering the highest levels of white glove service.

Each project will house the highest luxury villas and apartments currently available on the market, with branded living concepts available within AKOYA by DAMAC from Paramount Hotels & Resorts and FENDI. The Trump Estates mansions also offer a truly indulgent lifestyle, with panoramic views across the course.

As a global leader in branded real estate, the company is also developing a US$1.25 billion hotel and luxury serviced residences in the Burj area of Dubai, called DAMAC Towers by Paramount, which will comprise the first Paramount hotel and serviced residences in the region.

DAMAC Properties’ hospitality portfolio will extend within the coming three years to reach around 10,000 units of hotel rooms, serviced hotel apartments and serviced villas. The company’s pipeline of hospitality projects to be opened in the coming few months extends in different locations of the Burj Area and other key areas of Dubai with its DAMAC Maison and NAIA products.

With vision and momentum, DAMAC Properties is building the next generation of Middle East luxury living.

Further information is available at www.damacproperties.com or join DAMAC Properties on Facebook, Twitter (@DAMACOfficial) and YouTube.