The Dubai-listed Damac has launched a new cluster of villas at its Akoya Oxygen master development, with prices for three-bedroom properties starting at AED 1.2 million ($326,000).

Damac Properties said units in phase one of the ‘Akoya Imagine’ development will be sold under three-year payment plans, with free service charges for five years.

The units will go on sale on Saturday 9 July at Damac Maison Canal Views, Al Abraj Street, Dubai from 11am to 11pm.

The colourful villas are aimed at young couples and families in the ‘Millennial’ generation, Damac said.

“Akoya Imagine is targeted towards a new type of buyer – young, professional and savvy to the lifestyle and financial benefits of buying in an international golf course community,” said Ziad El Chaar, Managing Director at Damac Properties.

“This type of community is proven to consistently yield higher returns than a purely residential one and there is a limited supply in Dubai. Combined with the Tiger Woods Design element, a villa in Akoya Imagine presents a very lucrative investment, not to mention an extremely attractive home.”