DAMAC Announced World’s First Fendi Villas at AKOYA
Last updated on June 12th, 2015
DAMAC Properties announced the sales of the worlds first Fendi-Styled Villas at AKOYA. 34 Villa’s will be located in a 42 million square feet private gated community AKOYA by DAMAC located at Umm Suqeim Road in Dubai overlooking the Trump International Golf Club. Each Villa comes with the interior designs and decor from the Italian fashion brand Fendi Casa.
According to DAMAC starting price of these Villas will start from AED 36 million and they will be ready in 2017. Fendi-Style Villas will comes in different size from 7,900 square feet to 16,767 square feet. DAMAC Properties has a long-established collaboration with Fendi. The two companies are also collaborating on projects in the Kingdom of Saudi Arabia and Dubai Marina. The two companies are also partnering on the interiors for private apartments, on the top 40-storeys of Damac Heights, which looks out over the Palm Jumeirah.
In May 2013, DAMAC Properties introduced the AKOYA master plan development in Dubai. This includes mansions, villas, luxurious apartments and a retail center all surrounding “The Trump International Golf Club”. Within the AKOYA by DAMAC, products include “The Trump Estates”, a limited collection of 100 luxurious mansions. Also set within the heart of the community is a global first, with the launch of FENDI fashion-styled villas. AKOYA by DAMAC is also the home of Golf Veduta – serviced hotel apartments and DAMAC serviced Villas by Paramount Hotels and Resorts.
Ziad El Chaar, Managing Director at DAMAC Properties, said: “These exclusive, limited edition, Fendi villas are being designed with only the most stylish and demanding clientele in mind. The creativity and elegance brought to life in the world’s first Fendi villas take pride of place in one of the most desirable locations in Akoya by Damac. Given the limited number of villas available, combined with the response we have already seen since announcing this project, we expect these one-off, select designs to be very well received.”
DAMAC Properties is one of the largest luxury property development companies in the Middle East, based in Dubai. The company was founded in 2002 by Hussain Sajwani and is part of the DAMAC Group. DAMAC Properties employs more than 1,000 staff and has over 12,000 customers representing more than 120 nationalities. It has projects in several cities including Dubai, Abu Dhabi, Doha, Jeddah, Riyadh, Amman, Beirut and Baghdad.
Damac said it has delivered almost 10,000 units to date and currently has a development portfolio of over 25,000 units at various stages of progress and planning as of March 31.
DAMAC Properties Projects