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DAMAC Hills (Akoya by DAMAC)

Development guide

Akoya by Damac is the only Dubai area referring to the company name of the Dubai master developer Damac in its own naming. But this mentioning looks quite well-deserved, for the area has made Damac brand a synonym for luxury and high-end lifestyle. Here, surrounded by lush green parks and almost endless golf courses stand impressive mansions, premium villas and quite affordable townhouses aimed at young buyers. Akoya by Damac is a huge area spanning over 42 million square feet, which is expected to become one of the Dubai’s greenest areas after the whole master plan implementation. Akoya by Damac is a dream-come-true location for comfortable living in a safe and nearly perfect neighborhood.

Location

Akoya by Damac, often referred to as a city area with the lowest population density, is part of a more large-scale city part known under the common name of Dubailand. The basic concept of the development implying the creation of a secluded oasis for out-of-city lifestyle allows you to escape from urban noise while staying close enough to all main central attractions. Easy access to the city’s major road networks and a short drive along the Umm Suqeim Road allows to get to major Dubai locations in just 10 minutes.

Facilities

Luxury as a main lifestyle theme at Akoya by Damac, and it is manifested in everything. This includes a championship golf course designed by the world's leading golfer Tiger Woods, as well as the International Dubai Golf Club with its spectacularly landscaped 18-hole golf course designed by 2016 Olympic Games course architect, Gil Hanse, a golf academy, fashionable restaurants, high-end premium spa and wellness centers. You can also satisfy your passion for shopping and entertainment at The Drive at Akoya, one of the Dubai’s most glamorous shopping and entertainment promenades. Everything in this area is permeated with the spirit of elitism and harmony meeting the needs of discerning residents.

Real Estate

Luxurious real estate with views of golf courses and The Park are Damac brand’s best statement at Akoya development. Here you can opt buying a real palace, a mansion. a villa or a townhouse, while residential clusters names, like that of Beverly Hills, Golf Vista, Fendi Casa, Paramount Villas, Silver Springs or Kensington Boutique Villas speak for themselves. As the result of collaboration with the likes of world-renowned luxury brands, Damac managed to create a truly exquisite product for the Dubai real estate market.

However, high-end premium property is not the only real estate category presented in the area. Targeting young professionals that make up half the population of Dubai Damac has also introduced affordable townhouses (with a price tag between AED 500,000 and AED 1.5 million) at the dynamic residential communities with fancy titles like that of Akoya Selfie, Akoya Play, Akoya MOD, Fresh, etc.

Despite the fact that the Akoya by Damac is a predominantly low-rise development, there are also some high-rises with a wide range of apartment sale offers for those preferring more city-like lifestyle, but in a total serenity of a tranquil and green community. Additionally, Damac also offers an opportunity to buy a ready-made land plot for construction, so that buyers feeling like they’d either design their home individually could also fulfil their dreams. Besides, there are favorable and convenient payment plans available for off plan properties, which make the purchase even easier.

SALE
550,000
Ref.No: AP1672
1BR Apt
431 ft2
1,276 AED/ft2
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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:

Property management

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

Investment Process
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