DAMAC Lagoon Views
DAMAC Lagoon Views
Lagoon Views is a premium residential project by DAMAC Properties in the ever popular DAMAC Lagoons. It features apartment buildings with 8 storeys, comprising a collection of 1-2 bedroom Mediterranean-inspired residences. There are just 9 units per floor. Interested investors can also buy a full floor in Lagoon Views.
About the Project
amenities
The completion of Lagoon Views is scheduled for Q1 2027. Whilst the development is off-plan, you are provided with a couple attractive payment plans. At the time the project was launched,a 70/30 was offered, while the standard plan is 80/20. In both cases, the booking fee amounts to 20%.
Those who purchase a full floor in this complex can take advantage of a 2% discount.
By investing in Lagoon Views, you will become eligible for a 2-year visa. If the property value reaches AED 2M (USD 545K) or more, a 10-year Golden residency is granted. Both of these visas apply to your spouse and children, whilst the Golden visa additionally covers domestic staff.
According to the developer’s data from Q4 2023, the capital growth of real estate in DAMAC Lagoons has risen almost 50% since Q4 2021. This demonstrates the lucrative investment potential of Lagoon Views, with high profit upon resale.
If you would like to calculate the estimated income from renting out Lagoon Views apartments, you can take a look at the current indicators of the neighbouring DAMAC Hills. As of Q1 2024, the average gross ROI in 1-bedroom apartments in this area stands at a whopping 7.9%. The starting rental cost is AED 46K (USD 12K) per annum. As you can see, it is a highly advantageous option to rent out your property in Lagoon Views, allowing you to enjoy steady long-term income.
- starting rental cost
AED 46K
(USD 12K) per annum
- ROI
7.9%
payment plan
20%
60%
20%
Location
Thanks to its highly advantageous and strategic location within the vicinity of Al Khail Road, Emirates Road, and Mohammed Bin Zayed Road, Lagoon Views offers residents seamless and convenient commutes throughout the emirate. Within a 35-minute drive, you can effortlessly reach a multitude of the emirate’s most sought-after and desirable destinations, including the prestigious DIFC, the vibrant Dubai Marina, and both of the airports (DXB and DWC).
FAQ
Who is the developer of Lagoon Views?
DAMAC Properties is the developer of Lagoon Views.
What is the address of Lagoon Views?
It is located in DAMAC Lagoons.
What are the offered unit types?
You can buy 1-2 bedroom apartments and full floors.
What is the completion date of Lagoon Views?
It is scheduled for completion in 2027.
What are the payment plans for Lagoon Views?
There is a 80/20 payment plan available.
How much does an apartment cost in Lagoon Views?
As of May 2024, prices for apartments start from AED 947K (USD 258K).
Can I get residency if I buy property in Lagoon Views?
Yes, you can become a long-term resident if you buy property in Lagoon Views.
What type of visa can I get when I buy a property?
By investing in Lagoon Views, you will become eligible for a 2-year visa. If the property value reaches AED 2M (USD 545K) or more, a 10-year Golden residency is granted.
Can a foreigner buy property in Lagoon Views?
Is an apartment in Lagoon Views a good investment?
Yes, since, according to the developer’s data from Q4 2023, the capital growth of real estate in DAMAC Lagoons has risen almost 50% since Q4 2021. This demonstrates the lucrative investment potential of Lagoon Views, with high profit upon resale.
Is Lagoon Views a good place for living in Dubai?
Lagoon Views is a great option for single individuals and young couples who want to enjoy a waterfront lifestyle in one of the most popular communities in Dubai. When living here, you will be granted unrestricted access to multiple leisure options, from a honey bar and flamenco gardens to an Aqua Opera School and beauty hills.
What are the pros and cons of living in DAMAC Lagoons?
DAMAC Lagoons is situated just a 15-minute drive away from many essential facilities and attractions. These include Akoya Nursery, Fairgreen International School, Mediclinic Parkview Hospital, Carrefour, Trump International Golf Club, and Dubai Polo & Equestrian Club.