The realty firm, known for its luxury developments, revealed plans for its 55 million square feet Akoya Oxygen project. It aims to transplant 4,000 trees to create what it describes as a "lush green environment" on the site that will be located off the Umm Suqeim Road extension.
It wants to sell homes around its planned golf course development but did not disclose the number of units to be sold or their cost.
“From low emission residences, to our utilising of recycled materials, all this will contribute in transforming Akoya Oxygen into the first green luxury residential address in Dubai,” said Ziad El Chaar, managing director of Damac Properties.
Damac is one of several Dubai developers investing in Dubailand where a number of projects were put on hold in the wake of the 2008 property crash but which is now witnessing a strong rebound.