Is DAMAC Lagoons A Good Investment?vsya
Imagine a city where architectural marvels touch the sky, where luxury knows no bounds, and where investment opportunities seem to be around every corner.
Dubai – the city that glitters with luxury, where dreams soar as high as the towering skyscrapers. And in the heart of this extravagant metropolis lies DAMAC Lagoons, a jewel in the crown of real estate investments. With its prime location, unrivalled luxury, and a track record that speaks volumes, DAMAC Lagoons promises to be a game-changer in real estate investments.
But here’s the question that echoes through the halls of the investor’s mind: Is DAMAC Lagoons, crafted by the esteemed DAMAC Properties in Dubai, truly worth the investment?
Let’s find out!
Pros to Invest in DAMAC Lagoons
DAMAC Lagoons has witnessed exceptional sales performance, with over 9,000 units sold within the last 18 months. Here are the reasons to invest in DAMAC Lagoon:
Location: DAMAC Lagoon is one of the most sought-after Dubai real estate investment communities, occupying a prime location in the DAMAC Hills 1 area at the intersection of Mohamed bin Al Haidin Road and Haissa Street. Spanning an expansive 800 acres, this community offers an impressive array of amenities and features, like a lagoon, water bodies, many activities for kids, retail shopping, apartments, townhouses, and villas.
Its strategic positioning ensures excellent connectivity to the upcoming Al Maktoum airport, promising convenient travel options. Additionally, it offers seamless access to the industrial park while only a 20-minute drive from Hester Street, connecting to notable landmarks such as the Mall of the Emirates and Shakespeare Street.
Attractive Price Points: DAMAC Properties in Dubai offers a range of affordable options, starting from 1.6 million onwards for a three-bedroom unit, 1.8 million for a four-bedroom, and 2.5 million for a five-bedroom independent villa.
Easy Payment Plan: DAMAC Lagoon offers a convenient and flexible payment plan. You are not required to have the full amount upfront, as the community offers convenient and swift payment options. This enables you to own your independent villa without immediate financial burden easily.
Enchanting Lagoon and Abundance of Amenities: DAMAC Lagoon boasts a pristine and crystal-clear lagoon, offering a remarkable 7 km lagoon access. Additionally, abundant amenities are available, providing residents with a tangible experience of living a picturesque beach life filled with dreams.
Reputation and Effective Marketing Strategies: The strong reputation and effective marketing strategies employed by DAMAC contribute to buyers’ trust and belief in the vision of the property. The best real estate company in Dubai can help you to grab the best deal.
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Challenges and Considerations for Potential Buyers
While DAMAC Lagoon offers many advantages, being aware of certain challenges is essential.
Small Townhouse Sizes: The townhouses are relatively small, with plot sizes starting from 1,300 square feet for a three-bedroom and 1,500 square feet for a four-bedroom. Compared to other opportunities like Arabian Ranches 3, Mudon, and Tilal Al Ghaf, these sizes are 20% to 30% smaller.
Higher Price per Square Foot: The price in Dubai real estate investment per square foot in DAMAC Lagoon is approximately 28% to 30% higher than in DAMAC Hills 1.
Limited Investment Opportunities: Due to the significant number of units already sold and scheduled for timely delivery, limited investment opportunities are available. This concentration of unit deliveries simultaneously may result in a reduced scope for appreciation. Also, many clients are required to make payments upon the property’s handover.
Service Charges Comparison: The communities featuring the lagoon concept, along with their abundant opportunities and amenities, are anticipated to have service charges twice as high as those in DAMAC Hills 1, Tilal Al Galf, and Al Mazroui.
DAMAC Lagoons presents a compelling investment opportunity in Dubai’s real estate landscape. With its stunning waterfront location and luxurious amenities, it offers the potential for attractive returns and long-term value appreciation. Trust us to guide you through this promising investment and secure your stake in this remarkable development.
We prioritise the value of our customers. If you have any queries or concerns, reach us. Our experts will guide you to the right places, including Damac properties in Dubai, and facilitate a thorough comparison.
Once you are satisfied with your vision and if our expertise has helped you make the right choice, we are committed to providing you with the lowest price available in DAMAC and other opportunities.
Disclaimer: This Blog is made for educational purposes only, in addition to providing you with general information and a general understanding of its content, including referenced laws and regulations, and not to provide specific legal advice. The Blog should not be used as a substitute for competent advice from a licensed professional.