DAMAC Lagoons Residences – Investment & Lifestyle FAQ

Current price per sqft: AED 2900. Recent transactions: 3BR 2400sqft at AED 6,960,000; 2BR 1500sqft at AED 4,350,000; 1BR 1000sqft at AED 2,900,000. Price history (12 months): ranging from AED 2883 to AED 2900/sqft.

Unit mix: 120 × 1BR, 150 × 2BR, 60 × 3BR, 0 × 4BR, 10 × Penthouse. Total: 400 units. Standard residential tower.

Tier: PREMIUM. Investment thesis: "DAMAC's flagship lagoon resort with exceptional yields (5.9%); water-centric lifestyle and amenities drive rental demand and family appeal.". Comparable buildings in DAMAC Lagoons range AED 2400–3400/sqft. Verdict: Competitive positioning; check comps in the building. Consult a local agent for current market assessment.

Amenities: Lagoon views, Beach club, Multiple pools, Water sports, Restaurants and more. Year completed: 2022. Floors: 16. Well-maintained common areas and 24/7 security.

16 floors. Total units: 400. Average units/floor: 25. View types: Marina views, City views. Higher floors command premium pricing.

Layouts: Studio to 4-bedroom units. Most popular: 2-bedroom (150 units). Sizes vary 500–2,500 sqft. Many units have balconies/terraces. Furnished and unfurnished options available (check listing details).

Beach: 3 mins. Damac Lagoons metro: 10 mins. Downtown Dubai: 35 mins. Airport (DXB): 25 mins.

Metro accessible via Damac Lagoons. Schools within 5–15 mins. Shopping malls: Dubai Marina Mall, Ibn Battuta nearby. Parking: typically 1–2 spaces per unit. Good road connectivity to Sheikh Zayed Road and key exits.

Located in DAMAC Lagoons, a premium community. Residents: expat professionals, families, investors. Dining & retail: diverse options within 5–15 mins. Safety: 24/7 security in building and community. Vibe: upscale and vibrant.

Service charge: ~AED 1014.9999999999999/sqft/year typical for tier PREMIUM. Estimate for 2BR (1500 sqft): AED 126875/month. DEWA: AED 400–600/month. Insurance: AED 1,000–2,000/year. Total holding cost: AED 800–1,500/month.

Profile: Mix of owner-occupiers and investors. Typical buyers: expat professionals, families seeking quality lifestyle, buy-to-let investors targeting 4%–6% yields. Nationalities: diverse (UK, India, Saudi, Russia, China well represented). Community vibe: professional, family-oriented, investment-savvy.

Gross rental yield: 5.9%–7.4%. 1BR typical rent: AED 10,000/month. 2BR: AED 15,833.333/month. Strong tenant demand; typical vacancy: 1–2 months/year.