Are DAMAC Lagoons Finished? An update on the current state of the project

Overview of DAMAC Lagoons

DAMAC Lagoons is a luxurious residential development by DAMAC Properties located in Dubai, United Arab Emirates. Spread across 45 million square feet, this ambitious project offers its residents an idyllic blend of tranquility and accessibility to the vibrancy of Dubai’s city life.

Location and Accessibility

DAMAC Lagoons is located opposite DAMAC Hills and close to the charm of the area, yet hidden away from the bustle. The location is easily accessible through major roads like Al Qudra Road and Sheikh Mohammed Bin Zayed Road, which allows convenient access to the remainder of Dubai. The development is also close to the upcoming Dubai South, which is set to become the largest aviation hub in the world.

Inspiration Behind the Design

The Mediterranean inspires DAMAC Lagoons and offers its visitors artificial beaches inspired by some of the world’s most desirable waterfront cities, like Venice, Santorini, and Costa Brava. The most elegant villas and townhouses are Surrounded by turquoise blue lagoons, white sandy beaches, tropical island attitudes, and other magical experiences, making it a perfect place for those who love the beach lifestyle.

Here are a few more critical points about DAMAC Lagoons:

• The project is expected to be fully completed in the fourth quarter of 2024.
• The development offers a variety of amenities, including a private beach, a clubhouse, a gym, and a pool.
• DAMAC Lagoons provides 1-2 bedroom apartments and 3-7 bedroom villas and townhouses in various layouts.
• The sales price of 3-bedroom townhouses in DAMAC Lagoons starts from AED 1.7M.
• Investors can buy 4-bedroom townhouses in DAMAC Lagoons from AED 1.45M to AED 10.5M.
• For buying 5-bedroom townhouses in DAMAC Lagoons, one is expected to spend between AED 1.6M and AED 7M.
• 6-bedroom townhouses in DAMAC Lagoons have starting prices of AED 3.1M.
• There are a few 7-bedroom houses for sale in DAMAC Lagoons.

Overall, DAMAC Lagoons is a luxurious development that provides its people with an ideal balance of tranquility and accessibility to the vibrancy of Dubai’s city life.

Progress and Construction Updates

Completed Clusters

DAMAC Lagoons has completed the construction of two clusters, namely the Venice Cluster and the Malta Cluster. The Venice Cluster is a waterfront community with residential and commercial properties. It covers 1.5 million square feet and features amenities like a swimming pool, gym, and retail outlets. The Malta Cluster, on the other hand, is a residential community that covers an area of 1.7 million square feet. It provides a choice of flats, villas, and amenities, including a clubhouse and swimming pool. And landscaped gardens.

Ongoing Construction

DAMAC Lagoons is currently under construction and has made significant progress. According to a recent update by the developer, the project employs a daily workforce of more than 14,000 individuals, supported by over 100 excavators and more than 850 vehicles entering the site daily. The construction progress stands at an impressive 20%, with ongoing construction for two clusters, namely the Nice N2 and Nice N3 clusters. The main work for these clusters has been awarded to Delta Al Emarate, a contracting company based in Dubai.

Projected Completion Dates

DAMAC Properties has not provided a specific completion date for the DAMAC Lagoons project. However, based on the current progress, the project is expected to be completed shortly. The Nice N2 and Nice N3 clusters are expected to be completed by the end of 2024. It is crucial to note that building dates can fluctuate due to numerous circumstances, such as weather, labor shortages, and supply chain disruptions.

• The Venice Cluster and Malta Cluster have been completed.
• The Nice N2 and Nice N3 clusters are currently under construction.
• Delta Al Emarate has been awarded the main works for the Nice N2 and N3 clusters.
• The project employs a daily workforce of more than 14,000 individuals.
• DAMAC Properties still needs to provide the completion date for the DAMAC Lagoons project.
• The completion of the Nice N2 and Nice N3 clusters is expected by the end of 2024.

DAMAC Lagoons Features

DAMAC Lagoons is an ambitious project by DAMAC Properties, offering an idyllic blend of tranquility and accessibility to the vibrancy of Dubai’s city life. Here are some of the features of DAMAC Lagoons:

Residential Offerings

DAMAC Lagoons offers a range of residential offerings, including villas, townhouses, and apartments. The villas and townhouses are available in various layouts, ranging from 3 to 7 bedrooms, with a total area varying from 678 sq. ft to 25,467 sq. ft. The apartments, however, are available in 1-2 bedroom layouts. All the residential offerings are designed to offer residents a luxurious and comfortable lifestyle.

Amenities and Facilities

DAMAC Lagoons offers an array of amenities and facilities to its residents, including:

• Crystal Lagoons
• Artificial beaches inspired by some of the world’s most desirable waterfront cities, like Venice, Santorini, and Costa Brava.
• Retail shops
• Fitness centers
• Lush green meadows
• Floating amphitheater
• Exclusive clubhouse

Sustainability Initiatives

DAMAC Lagoons is LEED for Communities Gold certified, which means it has been designed to meet the highest sustainability standards. Some of the sustainability initiatives that have been incorporated into DAMAC Lagoons include:

• Use of renewable energy sources
• Water conservation measures
• Waste management systems
• Green spaces and landscaping

Overall, DAMAC Lagoons is a well-designed and well-planned community that offers residents a luxurious and sustainable lifestyle.

Lifestyle and Community

DAMAC Lagoons is a master community offering an affluent lifestyle with diverse amenities and services. The community is designed to provide residents with a unique blend of urban and natural living inspired by some of the world’s most desirable waterfront cities.

Recreational Activities

DAMAC Lagoons offers a variety of recreational activities for residents to enjoy. The community has a clubhouse where residents can relax and socialize with friends and family. The clubhouse also has a gym, and The community has a clubhouse where residents can

For those who enjoy water sports, the community has several water-inspired experiences, including kayaking and paddleboarding. Residents can also enjoy a day at the beach or visit one of the waterside cafes.

Educational and Healthcare Services

DAMAC Lagoons is a family-friendly community offering quality education and healthcare services. The community is near several schools, including the Jebel Ali School and the GEMS World Academy. These schools provide a range of educational programs, from kindergarten to high school.

Residents can visit the NMC Royal Hospital or Mediclinic Parkview Hospital for healthcare services. These hospitals offer various medical services, from emergency care to specialized treatments.

Community Engagement

DAMAC Lagoons is a community that values community engagement and social interaction. The community hosts several events and activities throughout the year, including cultural festivals, sports tournaments, and charity events. These events allow residents to connect with their neighbors and build lasting relationships.

Overall, DAMAC Lagoons is a well-planned community that offers a luxurious lifestyle with various amenities and services. Whether you are looking for a place to call home or a vacation destination, DAMAC Lagoons is a community worth considering.

Investment and Real Estate Potential

DAMAC Lagoons is a luxurious waterfront community in Dubai that has garnered significant attention as a prime location for property buyers. This section will explore the investment and real estate potential of DAMAC Lagoons, highlighting market trends, investor insights, and price dynamics.

Market Trends

• The real estate market in DAMAC Lagoons is thriving, fueled by its exclusive offering, strong fundamentals, and steady growth.
• 2023 saw a tremendous global economic shift, with Dubai emerging as a critical hub for business and luxury living.
• DAMAC Lagoons offers a distinctive thematic experience inspired by the Mediterranean, setting it apart from other real estate markets in Dubai.

Investor Insights

• DAMAC Lagoons presents a compelling proposition for long-term capital appreciation and rental income investors.
• Dubai’s luxury real estate has seen steady price growth over the past decade, and properties in newer communities like DAMAC Lagoons have even higher appreciation potential.
• The current ROI of DAMAC Lagoons is 6%, which is much better than other established sites in Dubai.

Price Dynamics

• The real estate landscape is ever-evolving, and 2023 has positioned DAMAC Lagoons as a golden opportunity for investors.
• The unique blend of luxury, lifestyle, and location offered by DAMAC Lagoons sets it apart from other real estate markets in Dubai, making it a highly sought-after location.
• DAMAC Lagoons promises a unique home amidst a water lagoon and lush greenery, with international standard architecture and world-class amenities upgrading the living level.

Overall, DAMAC Lagoons is a promising investment opportunity for those looking to invest in the real estate market in Dubai. The community’s strong fundamentals, high rental yields, Its consistent growth makes it an appealing alternative for investors.

Developer Profile

DAMAC Properties Overview

• DAMAC Properties is a luxury real estate developer headquartered in Dubai, UAE.
• Hussain Sajwani founded the company in 2002 and has now become one of the top luxury developers in the Middle East.
• DAMAC Properties has completed numerous high-profile projects, including luxury hotels, residential towers, and master communities.
• The company’s portfolio includes over 40,000 units, with an additional 10,000 in progress.
• DAMAC Properties was awarded the Best Luxury Real Estate Developer title at the 2019 Arabian Business Real Estate Awards in recognition of its dedication to quality and unique ideas.

Strategic Developments and Achievements

• Mohammed Tahaineh is the General Manager of Projects at DAMAC Properties.
• The company’s third master development, DAMAC Lagoons, is adjacent to DAMAC Hills and covers a total area of 45 million square feet.
• DAMAC Lagoons is a water-inspired community development and promises to bring tranquillity and accessibility to the vibrancy of Dubai’s city life.
• The project was initiated in November 2021 and has achieved remarkable progress, with work underway on 6,500 villas in less than two years.
• DAMAC Properties has awarded contracts nearing AED7 billion overall, including over AED1 billion allocated for infrastructure and AED5.6 billion for villa construction.
• The company has announced significant progress within its third master development, with the construction of villas in Phase I nearly one month ahead of schedule.
• DAMAC Properties has secured new contracts for the project, with a contract worth $326.7 million awarded to Darwish Engineering Emirates for the main works package for 275 villas in the Venice cluster.
• The company has also awarded a contract worth AED 1.2 billion to Darwish Engineering Emirates LLC for the main works package of 275 villas in the Venice cluster of its highly anticipated third master community.

DAMAC Properties is a reputable luxury real estate developer with a proven track record of successful projects. The company’s third master development, DAMAC Lagoons, is progressing well and has secured significant contracts for infrastructure and villa construction. With Mohammed Tahaineh leading the project, there is confidence that the development will be completed to a high standard.

Accessibility and Connectivity

DAMAC Lagoons is a master community development by DAMAC Properties that offers an idyllic blend of tranquility and accessibility to the vibrancy of Dubai’s city life. The project is located in the Dubailand area, near the iconic DAMAC Hills community, and covers 45 million square feet.

Proximity to Key Locations

The project’s location offers easy access to several key locations, including the Mall of the Emirates, One of the biggest retail complexes in the Middle East, and Dubai International Airport, one of the busiest airports in the world. The following are some of the critical locations that are easily accessible from DAMAC Lagoons:

• Mall of the Emirates: located just a 20-minute drive from DAMAC Lagoons, this Mall offers a range of shopping, dining, and entertainment options.
• Dubai International Airport: located just a 30-minute drive from DAMAC Lagoons, this airport connects several destinations worldwide.
• Dubai Miracle Garden: located just a 15-minute drive from DAMAC Lagoons, this garden is the world’s largest and features over 45 million flowers.
• Dubai Marina: a 20-minute drive from DAMAC Lagoons, this marina offers a range of dining, shopping, and entertainment options.

Transportation Infrastructure

One of the largest retail complexes in the Middle East. Dubai has a range of transportation infrastructure. The following are some of the transportation infrastructure that is easily accessible from DAMAC Lagoons:

• Sheikh Mohammed Bin Zayed Road: this major road connects DAMAC Lagoons to several key locations in Dubai, including Downtown Dubai and Dubai International Airport.
• Dubai Metro: The nearest metro station to DAMAC Lagoons is the Mall of the Emirates station, just a 20-minute drive away.
• Dubai Bus: several bus routes connect DAMAC Lagoons to the rest of Dubai, with the nearest bus stop just a few minutes from the project.

Overall, DAMAC Lagoons offers easy accessibility and connectivity to key locations in Dubai, making it an ideal choice for those looking for a tranquil yet well-connected community to call home.

Frequently Asked Questions

What is the expected completion date for DAMAC Lagoons?

• DAMAC Lagoons is an off-plan residential project developed by DAMAC Properties.
• The development is expected to be completed in the last quarter of 2024, according to the official website of DAMAC Properties.

How is the construction progress of DAMAC Lagoons being updated?

• DAMAC Properties provides regular updates on the construction progress of DAMAC Lagoons through its official website and social media channels.
• Interested parties can also contact DAMAC Properties directly for the latest updates.

What are the key features and amenities of DAMAC Lagoons?

• Mediterranean waterfront cities like Venice and Santorini inspire DAMAC Lagoons.
• The development spans across 45 million square feet and features eight distinct sub-districts.
• Blue lagoons, white sand beaches, and a tropical island atmosphere surround the most magnificent homes and townhouses.
• DAMAC Lagoons will provide interactive and stimulating services and amenities for kids, making it an ideal place for families to settle down.
• DAMAC Lagoons is located next to DAMAC Hills, providing preferred access to its services and conveniences.

Are there any properties available for sale in DAMAC Lagoons?

• As of March 30, 2024, information is not available on the official website of DAMAC Properties or any other reliable sources regarding properties available for sale in DAMAC Lagoons.
• Interested parties can contact DAMAC Properties directly to inquire about the availability of properties for sale.

How do reviews rate DAMAC Lagoons as a residential project?

• As of March 30, 2024, information is not available on the official website of DAMAC Properties or any other reliable sources regarding reviews of DAMAC Lagoons as a residential project.
• Interested parties can contact DAMAC Properties directly to inquire about the reviews of DAMAC Lagoons as a residential project.

What is the total number of clusters planned for DAMAC Lagoons?

• DAMAC Lagoons is planned to have multiple clusters.
• The number of clusters planned for DAMAC Lagoons is not available on the official website of DAMAC Properties or any other reliable sources.

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