Morocco Project | Luxury Design Villas in DAMAC Lagoons, Dubai

Morocco Project | Luxury Design Villas in DAMAC Lagoons, Dubai

Morocco, the latest offering from Damac Properties, was introduced in the second quarter of 2023. It comprises the final collection of townhouses and villas in Damac Lagoons, featuring 471 residential units, including 428 4-5 bedroom townhouses and 43 exclusive 6-7 bedroom villas. The interior designs boast intricate mosaic tiles, vibrant colors, and beautifully carved wood, reflecting the rich Moroccan heritage.

The properties range from 2 to 4 floors, depending on the type, and offer covered parking, terraces, courtyards, laundry/storage rooms, and balconies. Each villa includes a swimming pool and an elevator. Some villas may also feature sauna rooms, steam rooms, home gyms, cigar lounges, cellars, sports lounges, barbecue areas, formal dining rooms, offices/bedrooms, jacuzzis, and game rooms.

Residents of Morocco will enjoy countless world-class amenities right at their doorstep, including outdoor yoga, floating platforms, private tents, Moroccan-themed cushions, relaxation gardens, play areas, cactus gardens, light mazes, a dedicated music concert theater, an arts and crafts studio, an outdoor library, an illuminated golf play area, and an observation deck.

Project Details:

Location: Damac Lagoons, Dubai, United Arab Emirates

Project Status: Under Construction

Project Type: Townhouses and Villas

Prices start from 2,850,000 AED

Residence Types: 4+1 to 7+1

Number of Units: 471

Payment Plan: 20% down payment, rest over 9 installments

Expected Delivery: 2026

With its prime location near Al Khail Road, Sheikh Mohammed Bin Zayed Road, and Mohammed Bin Zayed Street, Morocco offers hassle-free transportation throughout the emirate. Within a 35-minute drive, residents can access popular destinations such as Dubai International Financial Center, Dubai Marina, and both Dubai International and Dubai World Central airports. As public transportation infrastructure is yet to be developed in the surrounding area of Morocco, private vehicles and taxis are the preferred mode of transportation.

Within a 15-minute drive, a wide range of facilities are available, including hospitals, schools, supermarkets, and more. The following are some of the facilities in the vicinity:

– Aquila Nursery

– Virgin International School

– Mediclinic Parkview Hospital

– Interchanges

– Trump International Golf Club

– Dubai Polo & Equestrian Club

Economic Advantage:

By residing in Morocco, you will enjoy a range of exciting offerings within Damac Lagoons, in addition to the mentioned amenities above. These include family cabanas, infinity swimming pools, a floating cinema, cafes, restaurants, a regional shopping center, sports facilities, health resorts, and much more.

Since the property value in Morocco exceeds AED 2 million (USD 545,000), it meets the requirements for obtaining the Golden Visa. This visa is valid for 10 years and applies to your family members and domestic employees as well. All Golden Visa holders are also provided with a Happiness Card, which grants discounts at over 7,200 brands within and outside the United Arab Emirates.

If you wish to rent out your property in Morocco, you can calculate the profitability of your investment based on the performance of the neighboring Damac Hills residential community. As seen in Property Finder, the average gross return for 4-bedroom townhouses was 8.1%, with annual rental costs starting from AED 170,000 (USD 46,000) in May 2023. These impressive indicators clearly demonstrate the strong investment potential of properties in Morocco at Damac Lagoons.