Lagoon Views is a high-rise residential complex located on the coast of an artificial lagoon in the southern part of District One, in Mohammed Bin Rashid City. The complex offers apartments with 1-4 bedrooms, duplex residences with 3-4 bedrooms, penthouses with 4-5 bedrooms, and villas with four bedrooms.
The Lagoon Views complex is a modern 22-story building with panoramic windows and underground parking. On one side, the building is adjacent to a recreational pavilion connected to the residential tower by a covered walkway. On the other side, there is a separate collection of three-level villas with their own guest parking. The villas range in size from 413 sqm to 500 sqm, and the layouts include a multi-car garage, rooftop and ground floor terraces, a balcony, utility rooms, a maid's room with a separate bathroom, walk-in closets in the master bedrooms, an elevator, and an additional common room in addition to the living room.
The single-level apartments range in size from 79 sqm to 308 sqm, and there are ten different types of layouts available. The complex also offers two-level apartments with an area of 272 sqm, featuring three bedrooms, a laundry room, and a maid's room. The entrance to the apartments is separate, from the waterfront. The duplex, with an area of 463 sqm, includes four bedrooms, spacious walk-in closets, a common room, and a study on the second floor. The 4-5 bedroom penthouses range from 454 sqm to 553 sqm and feature two kitchens, multiple living and dining areas, terraces, and balconies.
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The artificial turquoise lagoon, stretching 7 km, has become the central recreational feature of District One. Here you can sunbathe, swim, go boating, practice stand-up paddleboarding, or take a stroll along the scenic 14-kilometer promenade. Adjacent to the complex are well-equipped jogging and cycling tracks. Along the promenade, you will find sports facilities, play areas, shops, and restaurants.
Dubai International School is a 10-minute drive away. The school offers education in English, mathematics, natural and social sciences, and more, following the American curriculum. The same amount of time will be required to reach Clarion School, which has a similar educational program. For younger children, there is Chubby Cheeks Nursery nearby, which accepts children aged 45 days to 5 years. If you need medical assistance, you can visit the clinics in the vicinity. Nad Al Sheba Health Center, a multi-specialty center, is a 15-minute drive away.
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Downtown Dubai, Dubai Mall, City Walk, Meydan Racecourse, The Track, Meydan Golf, The Meydan Hotel
Palm Jumeirah, Dubai Marina, Mall of the Emirates, Dubai International Airport (DXB)
Lagoon Views Tower is located right on the pristine white sandy beach at the southern end of the artificial lagoon. The complex will be just a 12-minute drive from the upcoming Meydan One Mall, which will feature a large park and popular attractions. Al Meydan Street, which is adjacent to the complex, connects to Al Khail Road, one of the city's largest highways, in just 5 minutes.
Within a 10-minute drive, you can reach Meydan Racecourse, where prestigious horse races like the Dubai World Cup take place. Golf enthusiasts can enjoy a round at The Track, Meydan Golf, which is approximately a 13-minute drive away. To relax at the five-star Meydan Hotel, which offers an infinity pool on the rooftop, a spa center, and tennis courts, it will take about 10 minutes by car. The journey to the coastal areas with luxurious beaches, such as Palm Jumeirah and Dubai Marina, will take around 25 minutes by car.
The Lagoon Views complex has every chance of striking a balance between a peaceful life and proximity to vibrant cultural, commercial, and entertainment locations. Meydan City, which adjoins District One, promises to become a new global tourist hub. Real estate in Lagoon Views is suitable for young couples, families with and without children, as well as for tourists.
Interested investors can expect an ROI of around 7% for one-bedroom apartments. This percentage applies to real estate in District One in the third quarter of 2023 with a rental price of AED 119.4 thousand (USD 32.5 thousand). And two-bedroom apartments show even higher profitability - 8.5%. The average rental cost is AED 245 thousand (USD 66.7 thousand).
After the properties are handed over for operation, foreign owners will be able to obtain a resident visa. If the purchase exceeds AED 2 million (USD 545 thousand), it is possible to obtain a "Golden Visa" valid for 10 years, as well as sponsor family members.
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Chief Real Estate Investment Expert at Metropolitan Premium Properties
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