DAMAC has launched a new exclusive residential project – DAMAC Lagoon

After the recent release of the stunning Cavalli Tower, DAMAC Properties is bringing yet another ambitious residential project to the Dubai real estate market – DAMAC Lagoon. Located within a 10-minute drive of Dubai Marina, the upcoming development offers an extensive collection of 3, 4 and 5-bedroom villas and townhouses built around a breathtaking lazy river. The generously sized residential units are available for purchase to both UAE residents and foreigners, for the starting price of AED 1.49M (USD 406K). Since this is a brand new launch, DAMAC Properties also offers a 2% DLD waiver fee to prospective buyers.

Due for completion in Q4 2024, DAMAC Lagoon is set to provide the ultimate resort living environment in the center of Dubai. The development is expected to be the same size as the luxury DAMAC Hills development, which currently spans across a huge area of 42 million sq.ft. Residents will benefit from all essential amenities and a well-developed infrastructure right on their doorsteps, since the master plan of DAMAC Lagoon includes nurseries, schools, mosques, fine eateries and alcohol-licensed bars, among many other premium facilities. Undoubtedly, the gorgeous centrepiece of the family-friendly development is the previously mentioned lazy river, which will be built in a D-shaped form to showcase the DAMAC brand. There will also be a waterpark with numerous slides and rides, ensuring exciting leisure activities for adults and children in the heart of the community.

In order to register your interest, you will be required to pay EOI of AED 20K (USD 5.4K), while the booking fee amounts to 5% of the property value. There is also an attractive opportunity to benefit from a 5-year post-handover payment plan with a 70/30 scheme.

DAMAC Properties is famed for its numerous premium developments and collaborations with iconic brands, such as Fendi Casa, Radisson, The Trump Organization and many others. Established in 2002, the award-winning company has already delivered over 33,000 homes of prime quality all over the globe.