Overview

Property Description

In DAMAC Lagoons, DAMAC Properties presents Lagoon Views, a premium residential project. There are just nine units per floor in Lagoon Views, consisting of apartment buildings with eight stories and a collection of 1-2 bedroom Mediterranean-inspired residences. A whole floor can also be purchased by investors. You can enjoy stunning lagoon views from each of the apartments, which range in size from 674 to 1,145 square feet. The starting price for an apartment at DAMAC Lagoon Views is AED 979K (USD 266K). The EOI is AED 50K (USD 13.6K). *Prices are valid until 2024 A completion date of Q1 2027 has been set for Lagoon Views. Although the project is off-plan, two attractive payment plans are available. A 70/30 was available when the project was launched, while an 80/20 plan is available today. Booking fees are 20% in both cases. A 2% discount is available to those who purchase a full floor in this complex. A 2-year visa will be granted if you invest in Lagoon Views. If the property's value reaches AED 2M (USD 545K) or more, a 10-year Golden residency is granted. Your spouse and children will be covered by both visas, while domestic staff will be covered by the Golden visa. Data from the developer shows that the capital growth of real estate in DAMAC Lagoons has increased almost 50% since Q4 2021. This illustrates the lucrative investment potential of Lagoon Views. If you want 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. The average gross return on investment for 1-bedroom apartments in this area is a whopping 7.9% as of Q1 2024. 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.

Location