May 14, 2024
Real Estate Development
It was expected for few months now that Damac will announce this master-plan which is located behind Dubai Investment Park & lies between Emaar’s Oasis & Dubai South district.
In the past few weeks Damac have already collected 600+ Expressions of Interest - it appears there’s total of 900 houses.
This project has some similarities with Damac Lagoons & Damac Hills 2. It consists of townhouses (like the ones in Lagoons) and will also have some low rise apartments.
You can get a better overview of the master-plan details in the brochure.
There will be selling 4 & 5 bedroom townhouses from potentially starting from AED 2.0M (final price points not confirmed)
Currently its an EOI phase - and appears it will be a 70:30 payment-plan
Future phases will have low-rise apartments.
Current price point for 4 bed in Damac Lagoons is AED 2.1 - 2.4 M.
Current price points for 5 bed in Damac Lagoons is AED 2.8 - 3.3 M