Nail Mcloghen, the first vice chairman of Damac Real Estate said during a press conference yesterday that sales value of Akoya project reached 2 billion dollars.
Mcloghen referred during the press conference held by the company that the total cost of the project reached 7 billion and is expected to complete by 2020. The project include many amenities like golf complex, international hyper markets and sports center in addition to various residential options between villas and townhouses.
He added that the first phase delivery date will take place by the end of the current year. The company has finished developing 1200 villas out of 2600 villas, also work is taking place on establishing 11 apartment buildings.
Damac Real Estate was established in U.A.E in 2002 to be one of the leading private real estate developers and extend its works to Qatar, KSA, Jordon, and Lebanon.