Morocco at Damac Lagoons
Morocco at Damac Lagoons
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.
Economic Appeal
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.
Location
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
FAQ
Who is the developer of Morocco?
The master developer of Morocco is DAMAC Lagoons.
What is the address of Morocco?
Morocco is situated in DAMAC Lagoons, Dubai.
What are the offered unit types?
There are exclusive 6-7 bedroom villas and 4-5 bedroom townhouses available.
What is the completion date of Morocco?
For detailed information on the completion date of Morocco, please write to us on our website.
What are the Payment Plans for Morocco?
DAMAC Properties offers an 80/20 payment plan, with a 20% booking fee.
How much does a villa and a townhouse cost in Morocco?
As of August 2023, the initial price for a townhouse or a villa is AED 2.99M (USD 814K) and AED 16.2M (USD 4.4M), respectively.
Can I get residency if I buy property in Morocco?
Yes, you can obtain residency as a real estate investor in Morocco. The validity of the visa depends on the acquisition sum.
What type of visa can I get when I buy a property?
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.
Can a foreigner buy property in Morocco?
Morocco is a freehold development, allowing all nationalities to purchase property here.
Is a townhouse in Morocco a good investment?
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.