Properties for Sale in DAMAC Lagoons

DAMAC Lagoons is a Mediterranean-inspired residential development located at the intersection of Sheikh Zayed Bin Hamdan Al Nahyan Street and Hessa Street. Due for completion in late 2024, the project is being developed by DAMAC Properties. The eco-friendly community is opposite DAMAC Hills, and residents will have easy access to several nearby golf clubs.

As of Q4 2022, a total of 8 phases have been launched in DAMAC Lagoons, which are Nice, Costa Brava, Portofino, Santorini, Venice, Malta, Marbella and Monte Carlo.

Properties include villas and townhouses in configurations ranging from 3 to 7 bedrooms. The residences will have two or three levels with outdoor parking spaces. The layouts will boast spacious living rooms, kitchens, pantries and staff accommodation. At the same time, spacious balconies and/or terraces will provide a breathtaking view of the waterfront neighbourhood. Select properties will also come with rooftop terraces and private swimming pools, where one can relax after a tiring day.

DAMAC Lagoons has azure blue lagoons, swimming pools, and artificial sandy beaches. Residents can take advantage of an abundance of nearby water activities and entertainment venues, which will create a comfortable waterfront living environment. The area will also have a community center, medical clinics, and restaurants. One will be able to go kayaking and zip lining, among other leisure activities available on the beaches.

DAMAC Lagoons is situated near shops, schools, kindergartens, universities, and hospitals. The neighbouring areas of DAMAC Hills and Mudon can be reached within a 10-minute drive of the residences. DAMAC Hills is home to many supermarkets, such as Carrefour and Viva, as well as the Jebel Ali School and the Trump International Golf Club. At the same time, Mudon features Blossom Mudon Nursery and the Mudon Community Shopping Centre.

Real estate in the area belongs to the premium segment and can be purchased for personal use or for investment purposes. Since DAMAC Lagoons is a freehold neighbourhood, both locals and foreigners have the right to acquire real estate here. DAMAC Lagoons is an ideal place to live for families with children, thanks to a variety of water attractions and direct beach access.

To analyse the profitability of real estate in DAMAC Lagoons, potential buyers can consider the property values in the neighbouring community of DAMAC Hills. The annual rental rate for a 3-bedroom villa in the Rockwood development starts at AED 160,000 (USD 44,000) per annum. According to Property Finder, 3-bedroom villas/townhouses in DAMAC Hills have an average gross return on investment rate as high as 8%, as of Q4 2022.

Since most of the real estate in DAMAC Lagoons costs a minimum of AED 2,000,000 (USD 545,000), you have the opportunity to obtain a 10-year Golden Visa upon completion of the acquired property. As a result, you can bring your spouse and children to the UAE, in addition to unlimited domestic staff.

Some of the most popular developments in DAMAC Lagoons, which have received a strong response from homebuyers and investors, include Costa Brava, Monte Carlo and Venice.