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Houses at Damac’s newly launched ‘Akoya Oxygen’ development in Dubai have sold out in record time.

‘Akoya Oxygen’ is the first green master development plan spread over 55mn ft2 in Dubailand and will showcase the greenest living spaces in Dubai with parklands, green open spaces and private gardens.

The project will include an 18-hole championship golf course designed by an international golfing star due to be announced soon.

Ziad El Chaar, managing director of Damac Properties, said: ”The unprecedented success was due to developing a green concept that will be integral to this new community.

“On a project of this scale and size, over 55mn ft2, the open spaces, amenities, gardens and water features will take up approximately 50% of the land and this will create a very attractive place to live and our clients recognised this value. What we saw was the appreciation of clients and investors who proved to be very aware that ‘green is the new black’.”

A five-bedroom house was available for AED2.5mn ($680,000) and these were first to sell out.

The luxurious residential properties will be integrated with retail and hospitality products including a five-star hotel, a luxury wellness centre featuring wellness therapies, yoga programs, herbal treatments, diet control and exercise.

The fully-integrated community will also include globally-recognised retail brands, leisure and entertainment offerings, and organic market places all set within beautiful manicured landscaping.

DAMAC Properties will announce the second release of its ‘Akoya Oxygen’ sales in due course.