Damac Properties (Damac) has announced plans to launch a new cluster of homes at Akoya Oxygen ‘Akoya Imagine,’ a collection of colourful villas targeted at young couples and families. The units will go on sale on 9 July. We expect contracted sales of AED7.8bn in 2016, of which c48% is expected to come from Akoya Oxygen. (Mai Attia, Sara Boutros Arabian Business) DAMAC (DU): AED2.30 as of 3 July 2016, Rating: Neutral, FV: AED2.35 per share, MCap: USD3,792mn, DAMAC UH / DAMAC.DU
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