The new super-community of The Lagoons is a full-fledged neighborhood within Dubailand. Damac, the general development company of the United Arab Emirates, is engaged in the construction of residential communities. This new project will present luxurious villas in Dubai Hills. It should be a real discovery on the market and attract even more investors to the emirate.
The head of Damac Hussein Sajvoni enters the market with provocative solutions. Nowadays, when the economy has not fully recovered yet and the real estate sector is experiencing a revival, it seems crazy to enter with such a large-scale project. However, extensive experience in the construction sphere and an ideal reputation allow Damac to start such construction at any time and under any circumstances.
Damac Lagoons will appear in the format of multi-stage development. It will be a luxury and multifunctional residential and entertainment sector in Dubai. For residents and guests of the district, water rides on gondolas will be available. If you want to relax. you can choose one of the restaurants on the embankment or water sports classes. Turquoise lagoons will be a real cherry on the cake of this project.
Eight different cities and states located on the Mediterranean coast will be recreated in The Lagoons. Not only European tourist magnet cities will find their reflection here. An Arabic fairy tale will be presented in a community, which was created based on the mysterious Morocco.
The territory of the community will not contain a single high-rise building and an apartment development project. Only cottages and townhouses scattered around artificially created lagoons with snow-white sandy beaches will be presented for buyers to choose from.
Hussein Sajwani states that the company strives to meet the rapidly changing demand of customers, and puts up for sale always innovative and relevant to the new reality of the proposal. The Lagoons community is no exception. This area offers a completely new level of comfort, inspired by post-pandemic trends.
As for high comfort, Damac already has vivid examples of the execution of club villages with unique concepts of luxury living. These are Damac Hills and Damac Hills 2, which have become popular and highly appreciated by investors.
When creating this unique project, Damac looked for inspiration in eight places of the Mediterranean Sea - popular tourist destinations, each of which has its own personality.
There are eight «pearls» that can be found in The Lagoons:
The information about the beginning of the community construction came immediately after another luxury project from Damac. More recently, the developer announced the start of construction of the trendy Cavalli Tower in the iconic Dubai Marina area.
The land for the construction of Damac’s The Lagoons was acquired by the company in early 2021. When asked whether the company should have waited a little and waited for the moment when real estate prices in Dubai will reach a new record level, Sajwani answered uncompromisingly. He stated that the company has already had a conservative strategy over the past two decades and that the developer does not risk the last funds. The head of the corporation informs that for 20 years there have indeed been cases when it was necessary to regret the start of some projects, when subsequently housing prices in Dubai increased. However, now the manager is confident in launching these projects and does not believe that the company is oversaturating the market with such actions.
According to the idea, the construction of Damac’s The Lagoons will last three-four years. However, the start of sales has already begun on November 1, 2021.
Damac's The Lagoons is not the only city upgrade. The off-plan real estate launch season has started in Dubai: when several major residential sector players present their new offers to the market at the same time. This time the projects were also presented by Emaar, Nakheel and Majid Al Futtaim Properties. The customer reaction exceeded all expectations. According to Property Finder, sales of new buildings at the start of construction amounted to as much as 40% of the total number of transactions, while last year this figure fluctuated around 20%.
Damac has also benefited from rising prices and market activation, as evidenced by the improvement in sales figures of previously submitted projects as part of Dubailand.
If you need help in finding real estate in Dubai, we recommend contacting Ax Capital. This is a company with extensive experience that cooperates with foreign investors that offers favorable conditions. You can be sure that the best option for villas, townhouses, apartments or commercial real estate will be selected for you. To get a consultation, go to the official website: https://www.axcapital.ae/.
Image credit: axcapital.ae
