Damac set to launch ‘Akoya Imagine’ Phase II at Akoya Oxygen
Damac Properties (Damac) has announced that it is planning to launch a new phase at Akoya Oxygen ‘Akoya Imagine,’ a collection of colourful villas targeted at young couples and families, after phase I had been successfully fully sold out. The units will go on sale on 30 July. We expect contracted sales of AED7.8bn in 2016, of which c48% is expected to come from Akoya Oxygen. (Construction Week Online) DAMAC Properties: AED2.35 as of 26 July, Rating: Neutral, FV: AED2.35/share, MCap: USD3,874mn, DAMAC UH / DAMAC.DU
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