Overview

Property Description

Monte Carlo, the ninth phase of the popular DAMAC Lagoons community, by DAMAC Properties, was unveiled in Q4 2022 and offers two- and three-storey townhouses with four or five bedrooms. The beautifully crafted properties will provide the utmost comfort and convenience, thanks to a carport, a maid's room, a garden, a balcony, one or two terraces, storage/laundry rooms, patios, and other key amenities. Additionally, the Monte Carlo townhouses' interiors will be complemented by bright white walls, high ceilings, double-height windows, and sleek wooden features, all of which will enhance their sophistication. A property in Monte Carlo costs AED 1,900,000 (USD 517,000). *Prices are valid for 2022 only As a Monte Carlo resident, you will enjoy a wide array of world-class resort-like amenities that are perfect for all members of the family. In addition, you will have full access to various offerings across the other DAMAC Lagoons communities, including Santorini, Costa Brava and Malta, among others. However, the master plan also features an AR nature island, cafes on the waterside, a climbing wall, fashion boutiques, and more. In case you are interested in renting out your Monte Carlo townhouse and want to find out the approximate income, it is worth checking out the indicators in DAMAC Hills, which are close by. According to Property Finder, as of Q4 2022, completed townhouses in 4-bedroom configurations in this neighbourhood generate an average gross yield of 10.2%, which is a very high figure. AED 195,000 (USD 53K) is the starting rental price in the area. Additionally, once Monte Carlo is fully ready, you will have the option of applying for a 3-year investor visa via the Taskeen Programme. The minimum qualifying amount in this case is AED 750,000 (USD 205,000). You can also obtain a 10-year Golden Visa with real estate investments valued at AED 2,000,000 (USD 545,000), which allows you to bring not only your family, but also domestic staff, an advisor, and an executive to the UAE with the support of that visa.

Location