Buy property in Dubai and get your ticket money refunded

A Dubai-based developer is offering Indians refund cost of an air ticket if they purchase a property in its Dubailand project.

Damac Properties, a private developer, has been airing commercials on an Indian channel that says it will refund the cost of an air ticket to Indians who successfully close a deal in its $2.5-billion Akoya by Damac master development in Dubailand.

Selling prices of properties in the project starts from Rs8.5 million.

Mumbai-Dubai return airfare are currently priced between Rs20,000 and Rs25,000.

Damac has earlier held roadshows across Indians cities, stating that there has been a significant interest in its project by Indian investors.

However, the current marketing strategy isn’t that opulent as the previously offered: a private island on the Caribbean, a private jet and luxury cars.

Indians have purchased properties worth over Dh8 billion in the first half of 2013, compared to Dh9 billion they invested in the entire 2012, Dubai Land Department data reveals.

Earlier in May, Ziad El Chaar, Managing Director, Damac Properties, told Emirates 24|7 that Akoya by Damac would resemble the Beverly Hills.

“We are planning to develop this master plan to be the Beverly Hills of Dubai… you have important communities around this area [Akoya] but we plan to build this as Beverly Hills,” El Chaar had said.

The master development in Dubailand includes a variety of luxury villas and condominiums, each with panoramic views of the Trump International Golf Club – the first Trump course to be operated and managed by the Trump Organisation in the Middle East/Asia.

Damac said on Wednesday that the main construction contracts to build 677 luxury villas and 480 apartment units and over 100 other work orders and packages have been awarded.

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