Listing by
Metropolitan Premium Properties
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.
DAMAC Lagoons covers an area of about 45 million sq. ft and will consist of 8 main themed clusters, which will be linked together by artificial beaches and recreation areas. The design ideas were inspired by some of the most popular coastal Mediterranean cities and countries. The main clusters will be as follows:
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.
Once completed, in addition to the amenities mentioned above, DAMAC Lagoons will feature a wide range of lifestyle-oriented offerings found below:
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.
At the moment, DAMAC Lagoons does not have direct links to the city’s public transportation network, so residents are advised to travel by car. The community is located within a 10 to 20-minute drive of many social facilities and popular leisure destinations, including:
Dubai Academic City, Dubai Knowledge Village, Dubai International Airport, the Burj Khalifa, and The Dubai Mall are all situated within a radius of a 30-minute drive of DAMAC Lagoons.
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.
*The price is valid for 2024
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.
Costa Brava has an array of stylish 3–5 bedroom townhouses and 5–6 bedroom villas on offer, designed in natural colour palettes. The distinctive feature of this development is that 5-bedroom townhouses and all villas will come with an adrenaline room, which will have a climbing wall installation. For information on property prices, please contact our real estate agents.
The Monte Carlo phase offers comfortable 4–5 bedroom townhouses with double height windows and bright white walls. For the maximum comfort of occupants, the properties will contain a patio, a storage/laundry room, a garden, a maid’s room, a balcony and 1-2 terraces. You can acquire a townhouse in Monte Carlo for a minimum of AED 2,039,000 (USD 555,000).
*The price is valid for 2024
Venice features generously-sized standalone 6–7 bedroom villas between a generous 4,066 sq. ft to a colossal 24,752 sq. ft. The initial cost of a property here is AED 5,571,000 (USD 1,517,000). Occupants of the Venice residences will enjoy staff rooms, a patio, a private garden, balconies and plenty more. Additionally, select layouts will boast a games room, a cigar lounge, a cigar cellar, an infinity pool, a sauna and a gym.
*The price is valid for 2024
Residents can enjoy an array of leisure activities in popular venues that are located within a radius of a 15-minute drive from the development. More detailed information can be found below.
The prestigious Trump International Golf Club in DAMAC Hills, designed by Gil Hanse, is an 18-hole golf course with a golf academy, a swing studio and much more. Not forgetting a 30,000 sq. ft clubhouse, which houses a gym, an infinity pool, a golf shop and a dining venue.
Dubai Polo & Equestrian Club in Arabian Ranches, hosts polo competitions and horse races. Some of the most famous events, which take place in this venue, are the Cartier International Dubai Polo Challenge, UAE Nations Cup and Sunset Polo International. Visitors can also go to the spa and the restaurant, and there is a club that is available to rent out for various events.
The Dubai Autodrome is a fully-integrated motorsports facility in Motor City, with an FIA-sanctioned Race & Drive Centre and Karting. On top of that, there is a retail plaza, a race school, a business park and a VIP Hospitality area.
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