Damac Lagoons Residential Complex in Dubai
Damac Lagoons is a gated community with off-plan townhouses, villas, and luxury residences. The project includes eight clusters, each of which has individual architectural features. It is based on the embodiment of the cultures of various Mediterranean countries.
Damac Lagoons, a new off-plan project, is located in the center of Dubailand. In just half an hour you can reach the international airport and the main attractions of the metropolis, including the Burj Khalifa skyscraper in Downtown Dubai and the largest malls such as the Dubai Mall and the Mall of the Emirates.
Property in Dubai, the UAE
Almost 97% of the population of the emirate are foreign citizens. A large influx of ex-pats provides increased demand for apartments and houses in Dubai. In recent years, there has been a lot of interest in emirate housing. Even the pandemic did not negatively impact sales, and 2021 showed record numbers:
- Transactions totaling AED 300 billion (USD 81.7 billion, CNY 550.4 billion) were registered in the emirate;
- The sales growth rate reached 65%.
- The total cost of properties increased to 71%.
- More than 40% of sales related to off-plan properties, which confirms the demand for real estate as an investment.
In 2021, the price increase was 21%. In 2022, this trend continues, with housing from prestigious developers being actively acquired even at the initial stages of construction. A new property allows you to invest money profitably, and choose from different units and layouts.
Properties for Sale in Damac Lagoons
Townhouses in this residential complex under construction, at the price of the developer, have a starting price of 1.49 million AED (USD 407,550, CNY 2.698 million). The developer offers an attractive payment system:
- An initial payment of 5% or more;
- Payments of 5% or more, every six months;
- Installment plans with the last payment in the amount of 30% after its delivery.
Installment plans are provided without commission overpayments. At the start of sales, foreign property seekers are offered a wide selection of housing which is a perfect solution for relocation as well as investment. English-speaking real estate specialists are ready to guide you through the best offers of overseas property in the UAE. You can get acquainted with the prices in dollars and euros on the website.
Features
Features of real estate clusters by the developer, DAMAC Properties, allow you to choose a home for every taste and budget:
- The Santorini Premium Cluster consists of luxury 3 to 5-bedroom townhouses spread over multiple levels. Each has its own parking, patios, terraces, guest bedrooms, and maid's quarters.
- In Portofino, the emphasis is on the development of entertainment infrastructure.
- Andalusia is a unique cluster focused primarily on female customers. Its infrastructure includes everything necessary for a luxurious life, such as a spa, a gym, and a beauty salon.
- Tangier is a community for those who prefer unity with nature. It is planned to have a large number of green spaces and park areas.
- Venice includes houses on the water. The cluster will appeal to those who love water sports.
- Malta offers a large number of facilities for families with children.
- Nice repeats French motifs in smooth architectural lines. The community has many beaches and bodies of water.
- Costa Brava will surprise you with magnificent waterfalls and green areas.
Each cluster has its own color scheme.
