The Portofino cluster in DAMAC Lagoons features spacious villas and townhouses that reflect the colorful style of an Italian town on the Mediterranean coast. The project, announced as a Work & Play Hub, will create the most comfortable conditions for rest and work.
Portofino is another Mediterranean-style cluster in the large family-oriented community of DAMAC Lagoons, with an area of over 4 sq. km. The project is being developed by DAMAC Properties, one of the leaders in the UAE real estate market.
The new Portofino cluster features townhouses with 3-5 bedrooms and spacious villas with seven bedrooms. The minimum property area is 144 sq. m. The design of the exteriors and interiors of townhouses is a combination of green, orange, red, and pink colors reflecting the colorful architecture of the fishing village of Portofino. The interiors of the villas will be decorated in beige and brown shades and complemented by wooden finishes.
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According to the master plan, after the construction is completed, the DAMAC Lagoons community will have all the necessary infrastructure: educational institutions, medical facilities, various shops, sports facilities, places for walking and recreation. Currently, the community is under construction, and residents do not yet have access to public transport.
Children can currently attend educational institutions located in neighboring districts and communities. Within a radius of 15 minutes drive, there are Blossom Mudon Nursery, The Wonder Years Nursery - Remraam Community, Jebel Ali School, South View School Dubai, Kinder Castle Nursery, and others. It takes 10-15 minutes to drive to medical institutions such as Aster Clinic, Remraam, Aster Clinic, Sports City, Saudi German Clinics DAMAC Hills, Eupepsia Medical Clinic, and others.
The nearest shopping centers First Avenue Mall, City Centre Me'aisem, and Mudon Community Center are located within a 10-minute drive from the community.
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IMG World, Global Village, Miracle Garden
Al Maktoum International Airport (DWC), Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, Ras Al Khor Wildlife Sanctuary
DAMAC Lagoons community is being built at the intersection of Sheikh Zayed Bin Hamdan Al Nahyan St and Hessa St, near the DAMAC Hills community. You can quickly exit onto the Emirates Road and Sheikh Mohammed Bin Zayed Road from these streets and easily reach any part of the emirate.
Residents of DAMAC Lagoons can visit entertainment locations in the neighboring DAMAC Hills community, including the Trump International Golf Club Dubai, parks, gardens and lakes, stables, skate parks, tennis courts, football fields, and more. It takes about five minutes by car to get to DAMAC Hills.
Such popular locations as the Miracle Garden, Global Village, and IMG World amusement park are located within a quarter of an hour's drive. A car journey to Downtown Dubai, beaches, and promenades in Dubai Marina and Palm Jumeirah takes half an hour. Dubai International Airport (DXB) and Al Maktoum International Airport (DWC) are located 40 minutes' drive from DAMAC Lagoons.
The Portofino cluster is being built in the DAMAC Lagoons community, providing future residents with access to a variety of exclusive entertainment venues, relaxation areas, and workspaces. In the future, high-quality infrastructure and transportation systems will be developed within the community. All of these factors make Portofino's townhouses and villas an attractive option for buyers and investors.
Currently, the project is under construction, with completion planned for 2025. After the transfer of property, foreign investors can apply for a residency visa. A "Golden Visa" for 10 years for themselves and family members can be obtained with the purchase of a residence worth at least AED 2 million (USD 545,000). A two-year visa is available to property owners whose property is worth more than AED 750,000 (USD 204,000).
Portofino's townhouses and villas can also be considered as a profitable investment. After the completion of construction, the property in the community will be in demand among renters. Currently, the average annual rental cost for a three-bedroom townhouse in the neighboring DAMAC Hills is AED 215,000 (USD 59,000), with an ROI of 8.3%.
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