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Damac launches new tower complex in Akoya Oxygen

18.01.2016
Damac launches new tower complex in Akoya Oxygen
One of the largest Dubai developers Damac starts selling new residential units in a five tower complex in Dubailand.

New residential and hospitality development Navitas Hotel & Residences from Dubai’s master developer Damac will offer property buyers a wide range of real estate options for living and investing.

The complex located in the iconic residential community Akoya Oxygen in Dubailand will consist of five towers, one of which will house 312 hospitality units, while the other four buildings will include private residential accommodations with views of the golf course. Towers will be interconnected by a common podium with restaurants, retail units, a gym, a swimming pool and a recreation area.

Damac also offers a favorable 4-year payment plan for property buyers in the Navitas Hotel & Residences, with prices starting from USD 119,000.

Akoya Oxygen, where towers will be constructed, is a residential community centered around the golf course with spectacular views of the green lawns and a total area of almost 511 hectares. 18-hole championship golf course was designed by the international golf champion Tiger Woods, and the area will also have a man-made rain forest on its territory. It will also be easy to maintain a healthy lifestyle in the community thanks to the local organic market, wellness center and an open yoga area; and for those who prefer shopping a luxury Vista Lux retail district will be opened here.

“By investing in a hotel room at ‘Navitas Hotel & Residences’, you’ll benefit from Dubai’s flourishing hospitality industry, which will be a gateway to high annual returns,” said Niall McLoughlin, Senior Vice President, Damac Properties.

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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

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Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

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Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management