Morocco residential community in Dubai
The Morocco residential community is a development announced in H1 2023. This is the latest of eight DAMAC Lagoons clusters, a stylish mixed-use community with a rapidly growing infrastructure. 471 residential facilities will be built on the territory of the new complex. The list of premium real estate includes mainly townhouses. However, a limited selection of villas will also be available in the community. DAMAC Properties is the project developer, one of the most popular companies in the Middle East market. Construction will be completed in late 2026. Many investors and buyers have already closed the deal immediately after the start of sales, focusing on luxury design, modern amenities, and favourable location in one of the most promising areas of the emirate.
Real estate in DAMAC Lagoons, Dubai, UAE
The district’s area exceeds 4,000,000 m2 and is divided into eight clusters, including villas and townhouses designed in the Mediterranean architectural style. The layouts of local residential properties include 3 to 7 bedrooms. With high-quality interiors and furnishings, these 2- and 3-storey premises are surrounded by waterfalls, lagoons, and modern amenities that typically include gyms, swimming pools, playgrounds, and parking lots.
Most of the properties in this mixed-use area have a spacious living room, a maid’s room, a kitchen, and a pantry on the first floor, while the main bedrooms and terrace are located on the second floor. Some houses have a rooftop lounge area as well as a private yard with a garden.
Purchasing real estate in Morocco
The construction of the high-end community started quite recently, so the cost of residential facilities is at the lowest possible level. The prices will gradually rise as the project approaches its final point. As of June this year, the starting price of 4-bedroom townhouses is AED 776,000 (USD 211,000), and 5-bedroom premises cost AED 858,000 (USD 233,000). You can purchase 6- and 7-bedroom villas for AED 3,950,000 and AED 5,170,000 (USD 1,000,000 and USD 1,400,000), respectively. Since the developer can change housing prices in Morocco, it is necessary to update information on the selected property before making a purchase decision.
Buyers of off-plan real estate in an under-construction residential complex in Dubai have the opportunity to apply for an instalment plan. According to the developer’s payment plan, you need to make an advance payment of 20% of the cost to book your house, and cover 60% in instalments, paying 5% every 3 months. The rest of the amount is to be paid after the residential facilities are ready to move in.
Are you going to purchase a premium townhouse in Morocco? Or interested in buying a villa? Our experts know how to take all the advantages of concluding a deal at the construction stage. Please feel free to contact them for more information about the new project, as well as support during the purchase process and after-sales services.
