Overview

Property Description

In DAMAC Lagoons by DAMAC Properties, Morocco will debut in Q2 2023. It comprises 471 residential units, 428 townhouses with 4-5 bedrooms, and only 43 villas with 6-7 bedrooms. The interiors will feature Zellij mosaic tilework, vibrant colors, and ornate carved wood, evoking the rich Moroccan heritage. The properties will have between 2 and 4 floors, depending on the type. There will be a covered carport, a terrace, a patio, a laundry/storage room and balcony. The villas will all have an elevator and a pool. The villas may also contain saunas and steam rooms, a home gym, a cigar lounge and cellar, a sports lounge, a barbecue area, a formal dining room, an office/bedroom, a jacuzzi, and a games room. In August 2023, the starting price for a townhouse is AED 2.99M (USD 814K), while the starting price for a palatial villa is AED 16.2M (USD 4.4M). *Prices are valid for 2023 only Aside from the amenities mentioned above, residents at DAMAC Lagoons will enjoy an array of exciting offerings. There are family cabanas, infinity pools, floating amphitheatres, floating cinemas, cafes and restaurants, a regional mall, sports facilities, spas, and so on. The value of your Moroccan property exceeds AED 2M (USD 545K), so you will meet the qualifications for a Golden Visa. An Esaad card is provided to all Golden Visa holders, which grants discounts on 7,200+ brands in the UAE and abroad. It is valid for 10 years and applies to all family members and domestic staff. In case you wish to rent out your property out in Morocco, you can calculate the profitability of your investment based on the performance of the adjacent DAMAC Hills neighbourhood. According to Property Finder, a 4-bedroom townhouse with an annual rental cost of AED 170K (USD 46K) as of May 2023, has an average gross yield of 8.1%. As a result of such high indicators, Morocco real estate in DAMAC Lagoons is an excellent investment option.

Features & Amenities

Location