Presented in Q2 2023, Morocco is the final cluster in DAMAC Lagoons by DAMAC Properties. It features 471 residential units, namely 428 townhouses in 4-5 bedroom configurations and just 43 exclusive 6-7 bedroom villas. The interiors will boast Zellij mosaic tilework, vivid colors, and ornate carved wood, embodying the rich Moroccan heritage.
The properties will have from 2 to 4 floors, depending on the type. Among the key features of the layouts are a covered carport, a terrace, a patio, a laundry/storage room and balcony. Every villa will include a swimming pool and an elevator. There may also be sauna and steam rooms, a home gym, a cigar lounge and a cellar, a sports lounge, a BBQ area, a majlis formal dining room, an office/bedroom, jacuzzi and a games room.
Occupants of Morocco will be able to enjoy a myriad of world-class amenities at their doorstep, which are as follows:
As of May 2023, the initial price for a townhouse is AED 2.85M (USD 776K) with a minimum EOI of AED 140K (USD 38K). A palatial villa can be acquired for a minimum of AED 14.5M (USD 3.9M), whilst the initial sum of EOI stands at AED 750K (USD 204K).
*The price is valid for 2023
Thanks to its convenient location within the vicinity of Al Khail Road, Emirates Road and Mohammed Bin Zayed Road, Morocco will provide hassle-free commutes around the emirate. Within a radius of a 35-minute drive, one can reach a few of the emirate’s most sought-after destinations, such as DIFC, Dubai Marina and both of the airports (DXB and DWC). Since public transport infrastructure in the surrounding area of Morocco has not been developed yet, private vehicles and taxis are the best way to get around.
There is a wide range of facilities located a 15-minute drive away, including hospitals, schools, supermarkets and more. These can be found in the list below:
When residing in Morocco, you will be treated to an array of exciting offerings within DAMAC Lagoons, in addition to the amenities mentioned above. These include family cabanas, infinity pools, a floating amphitheatre, a floating cinema, cafes and restaurants, a regional mall, sports facilities, spas and much more.
Since the property value in Morocco exceeds AED 2M (USD 545K), you will meet the requirements needed to get a Golden Visa. It is valid for 10 years and applies to your family and domestic staff as well. All Golden Visa holders are provided with an Esaad card, which grants discounts on 7,200+ brands in the UAE and abroad.
In case you wish to rent your property out in Morocco, you can calculate the profitability of your investment based on the performance of the adjacent DAMAC Hills neighbourhood. As seen on Property Finder, the average gross yield of 4-bedroom townhouses has reached 8.1%, with the starting annual rental cost of AED 170K (USD 46K), as of May 2023. Such high indicators clearly demonstrate the strong investment potential of Morocco real estate in DAMAC Lagoons.
*The price is valid for 2023
The master developer of Morocco is DAMAC Lagoons.
Morocco is situated in DAMAC Lagoons, Dubai.
There are exclusive 6-7 bedroom villas and 4-5 bedroom townhouses available.
For detailed information on the completion date of Morocco, please write to us on our website.
DAMAC Properties offers an 80/20 payment plan, with a 20% booking fee.
As of May 2023, the initial price for a townhouse and a villa is AED 2.85M (USD 776K) and AED 14.5M (USD 3.9M), respectively.
Yes, you can obtain residency as a real estate investor in Morocco. The validity of the visa depends on the acquisition sum.
By investing in Morocco, you will be able to obtain a 10-year Golden Visa, which applies not only to your spouse and children, but also to your domestic staff.
Morocco is a freehold development, allowing all nationalities to purchase property here.
Yes, Morocco has lucrative investment potential, which we can see by the example of the neighbouring DAMAC Hills. The average gross ROI there in 4-bedroom townhouses is 8.1%, which is one of the highest in Dubai for this property segment.
It is a fantastic family-friendly cluster, where you can be away from the hustle and bustle of the city centre. At the same time, Morocco boasts excellent connectivity to key locations across the emirate, including the international airports.
DAMAC Lagoons is situated just a 15-minute drive away from essential social facilities, such as Akoya Nursery, Fairgreen International School, Mediclinic Parkview Hospital and Carrefour.
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