IBIZA at DAMAC Lagoons

Surrounded by manicured lawns, the townhouses will feature a garden, a patio, a carport, a laundry/storage room, a balcony and a terrace. On top of that, the properties in 5-bedroom configurations will come with a maid’s room for the utmost comfort of homeowners.

When residing in Ibiza, you will be treated to a wide array of fun-filled amenities, designed to bring the coastal party vibes to Dubai. These include a Boho Lounge, a Tapas Lounge, a Hammock Chill and a Sunset Beach. On top of that, you will be able to enjoy a full calendar of exciting events throughout the year, such as foam parties and music festivals.

The initial acquisition cost for a 4-bedroom townhouse in Ibiza is AED 2,100,000 (USD 572,000).

Since the property in Ibiza costs over AED 2,000,000 (USD 545,000), you will have the opportunity to obtain a 10-year Golden Visa upon completion of the development. The visa will provide you with multiple perks, including sponsorship of domestic staff and your family, as well as an Esaad card, which you will be able to enjoy discounts across 7000+ brands.

If you are interested in leasing your townhouse, you can calculate your approximate profit, taking into account indicators of the adjacent neighbourhood which has also been developed by DAMAC Properties; DAMAC Hills. According to Property Monitor, as of December 2022, villas/townhouses in this area generate a 5.39% ROI, while the starting rental price of a 4-bedroom townhouse amounts to AED 175,000 (USD 48,000) per annum.