The development will have four entrance gates, with the main one situated on Hessa Street. Residences are conveniently located near a wide range of amenities. The master developer is focused on innovation and uses the latest technology to convert lake water into swimmable water.
As of December 2022, DAMAC Lagoons has launched 8 phases, which have all proved to be highly popular among local and foreign property buyers. These include Nice, Costa Brava, Portofino, Santorini, Venice, Malta, Marbella and Monte Carlo. The mega-development was first launched in Q4 2021, and the estimated completion date is set for Q4 2024.
Dubai International Airport can be reached within a 30-minute drive of the complex, and residents can easily travel by car to other parts of the city. The complex is situated within a 15-minute drive of several facilities, including:
Additionally, the area will house a regional mall that will cover an area of 2 million sq. ft., which is slightly larger than the well-known Mall of the Emirates. DAMAC Lagoons will have a huge D-shaped lazy river situated in the centre of the residences, which will provide plenty of entertainment for adults and children.
Property owners will have access to amenities in other clusters of the complex. For example, women living in any cluster will be able to visit ladies-only gyms, spas, and meditation lounges. The Play & Learn Hub will be an ideal place for children to play and learn new things through a sensory plaza, interactive water attractions, outdoor art exhibits, and an Augmented Reality (AR) nature trail.
If you are considering renting your DAMAC Lagoons property out, it is worth taking a look at the adjacent DAMAC Hills neighbourhood as a 3-bedroom villa to rent costs a minimum of AED 160,000 (USD 44,000) per annum. At the same time, this type of real estate generates an average ROI of 8% ROI, as of Q4 2022, according to Property Finder. Such high indicators clearly illustrate a lucrative investment potential of DAMAC Lagoons properties.
DAMAC Lagoons is highly popular with families, as it offers unique learning-based amenities, such as a sensory plaza, a discovery maze, a camping island, an AR nature island, a VR Park, a Building Blocks Pavilion and more.
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