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Damac Properties · Damac Lagoons

Damac Lagoon Views Phase 5

Handover TBAPlan 10/40/50
Starting price
price not yet published
Price / sqft
size not yet published
Rental yield
7%
gross p.a., Dubai avg
Capital appreciation
+20%
to handover (5y)
Popularity
63/100
demand index

About this project

Damac Lagoon Views Phase 5 is a residential development within the 45-million-square-foot Damac Lagoons community, a Mediterranean-inspired master-planned district. The project offers 1 and 2-bedroom apartments across eight floors, with select rooftop layouts. Units are designed to overlook the lagoon, providing waterfront views in a resort-style setting.

Location and Connectivity

The development is positioned near Dubai Marina, Mall of the Emirates, and the Expo 2020 site, connecting residents to commercial, retail, and leisure destinations across the city. Damac Lagoons sits adjacent to Damac Hills, offering a quieter residential environment while maintaining access to urban infrastructure.

Amenities and Lifestyle Features

Residents have access to community facilities including a beach club, outdoor cinema, pool bar, aqua gym, floating pods, and a flamenco stage. Additional features include an olive tree garden, honey bar, and Aqua Opera school pavilion. The lagoon-centered design supports outdoor recreation and waterfront living within a themed community.

Investment Profile

The project targets buyers seeking waterfront apartments in a master-planned community. Limited inventory and lagoon-facing positioning support rental appeal, particularly for tenants drawn to lifestyle amenities and proximity to key districts. The phased construction timeline allows for flexible payment scheduling during the build period.

Social and Community
Retail Facilities
Gymnasium
Restaurants
Indoor Swimming Pool
Landscaped Gardens
Children's Play Area
Security
Beach Club
Outdoor Cinema
Floating Pods
Pool Bar
Aqua Gym
Flamenco Stage
Olive Tree Garden
Honey Bar

Project facts

Ownership
Freehold
Government fee
4%
Property types
Apartment
Buildings
1

Project timeline

  1. Booking Started
    22 Apr 2024 · completed

Frequently asked questions

Is this a good investment property?
Damac Lagoon Views Phase 5 offers investment potential through its waterfront positioning and controlled supply of 1 and 2-bedroom units. Lagoon-facing apartments typically command rental premiums in Dubai's market. The development includes resort-style amenities such as a beach club, outdoor cinema, pool bar, and aqua gym, which support tenant appeal. Its location near Dubai Marina, Mall of the Emirates, and the Expo 2020 site provides connectivity to commercial and leisure districts. Limited inventory within a themed community supports rental demand and long-term value.
What is the payment structure?
The payment plan is divided into four stages: 10% down payment at booking, 2% within 3 months, 38% over 22 months during construction, and 50% at handover upon completion. This structure allows buyers to spread half the property cost during the construction period, with the balance due at project delivery.
Who is developing this project?
Damac Properties is the master developer responsible for the design, construction, sales, and delivery of Damac Lagoon Views Phase 5 within the Damac Lagoons community.