Morocco by DAMAC Properties is the final cluster in the elite family-oriented mega project DAMAC Lagoons. In just two phases of the smallest community under development, there will be only 428 four and five-bedroom townhouses and 43 exclusive six to seven-bedroom villas.
The Morocco cluster from DAMAC Properties is the final stage in the unique DAMAC Lagoons project. The developer, DAMAC Properties, is one of the leaders in luxurious real estate in the UAE and offers a unique lifestyle in its projects. In Morocco, residents can immerse themselves in the atmosphere of an old eastern city.
The developer announced the launch of the first phase in the second quarter of 2023 and the launch of the second phase in the third quarter. The cluster of the DAMAC Lagoons community has 471 real estate units available: spacious townhouses with 4-5 bedrooms and luxurious 6- and 7-bedroom villas.
For property owners, there will be access to a terrace, staff quarters, patio, private garden, and garage on the plot. All elite residences are offered in plans with a balcony, laundry room, storage room, walk-in closet in the master bedroom, and built-in wardrobes in the rest. In luxurious villas, additional amenities are presented such as a private cinema, sauna, game room, gym, pool, multiple relaxation areas, cigar lounge, patio, office, and much more.
Thanks to clear lines and perfectly thought-out accents, the interior and exterior design of villas and townhouses harmoniously combines eastern style and modern luxury. Organic fusion is created using Zellij mosaic tiles, carved wood elements, and bright textiles.
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The new Morocco cluster is being built on the territory of the DAMAC Lagoons community. Currently, active work is underway to develop the project. It is planned that after completion, residents will have access to all necessary social and entertainment infrastructure facilities on its territory.
Currently, there is an opportunity to use social infrastructure facilities in neighboring communities - DAMAC Hills and Remraam. Children can attend Blossom DAMAC Hills, The Wonder Years Nursery, Akoya Nursery, Jebel Ali School, South View School Dubai, and other educational institutions located within a 10-20 minute drive by car.
Professional medical assistance can be obtained at Aster Medical Centre, Saudi German Clinics DAMAC Hills, Emirates Hospital Day Surgery & Medical Center, Motor City. The road will take approximately 10-20 minutes by car.
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Al-Maktoum International Airport (DWC), Dubai Miracle Garden, Global Village, Trump International Golf Club, Expo City Dubai
Dubai International Airport (DXB), Palm Jumeirah, Meydan Racecourse, Dubai Marina, Business Bay, Downtown Dubai
Modern family-oriented project DAMAC Lagoons, where Morocco is being built, is conveniently located at the intersection of busy Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street. From here, it is easy to reach all the important areas of the emirate.
A trip to the neighboring community of DAMAC Hills for golf at the Trump International Golf Club will take less than 10 minutes. It takes a quarter of an hour by car to get to the Miracle Garden flower exhibition or to Global Village, where the whole family can have a good time.
To get to the exhibitions at the Expo City Dubai complex and Al Maktoum International Airport (DWC), it will take 25 minutes. Popular leisure and shopping locations such as Dubai Marina, Palm Jumeirah, and Mall of the Emirates are within a half-hour drive. The travel time to world-famous locations in Downtown Dubai and Business Bay will take just over 30 minutes. Dubai International Airport (DXB) is located 40 minutes away by car.
Spacious and private villas and townhouses in the Morocco cluster are an excellent option for family living. Unique amenities will be located in close proximity to all important locations in the metropolis. Currently, the developer offers an advantageous payment plan for potential buyers - 80/20.
Real estate in the project is suitable not only for permanent residence but also as a profitable investment asset. As of the third quarter of 2023, the average rental cost of a four-bedroom townhouse in the neighboring DAMAC Hills is AED 370,000 (USD 101,000) per year. The ROI level is around 11%.
Foreign property owners in Morocco who invest in the purchase of villas and townhouses starting from AED 2 million (USD 545,000) can apply for a Golden Visa for a period of 10 years. The document can be obtained immediately after the completion of the project's construction and subsequently act as a sponsor for obtaining residency for family members.
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