Morocco Damac Lagoons

The residential cluster Morocco is the final part of the extensive development of the multicultural project Damac Lagoons. Like other clusters, it is built around its own artificial lagoon with beaches for peaceful relaxation and excellent places for kayaking.

The central idea of the cluster is to convey Moroccan motifs and vibes throughout, from the interiors of villas and townhouses to the planning of public spaces. For those wishing to immerse themselves in the atmosphere of the colorful African Mediterranean coast, the developer offers a limited collection of properties ranging from 2012 sq. m with spacious patios, infinity pools, gyms, barbecue party areas, maid's room, and many other top-class amenities.

In the finishing of villas and townhouses in Morocco, Zellij mosaic tiles will be used, perfectly capturing the unique Moroccan aesthetics of bold color and form combinations. The interiors will exude the tranquility of luxury and provide residents with unimaginable comfort in all its manifestations.

Morocco by Damac Properties: A Resort Cluster with Infrastructure for the Convenience of Every Resident

Morocco's real estate is an ideal place for families. The infrastructure of the developing community is designed based on the needs of people of all ages. Besides the limitless entertainment opportunities such as a water cinema, beach attractions, children's animation, and more, residents will have access to cutting-edge medicine, schools with excellent reputations, sports grounds, and fitness halls.

Within the cluster, there are planned kindergartens, branches of language schools, and development centers for children and teenagers. The nearest general education institutions, Safa Community School and Jebel Ali School, are a fifteen-minute drive by car.

The private clinic NMC Royal Hospital is located 7 minutes away from the cluster. There are also several medical centers, an aesthetic medicine clinic, and dental services at approximately the same distance.

Key points on Dubai's map are quite close: Trump International Golf Club, Global Village, and City Centre Me'aisem are within 10-15 minutes. Dubai International Airport can be reached from the parking lot of your own villa in 30 minutes. The new Al Maktoum Airport is a bit closer, around 20 minutes away.

Economic Attractiveness of Morocco Damac Lagoons

In Damac Lagoons, you can buy a home for your family. The project can also be extremely interesting for investors. Investing in Dubai's real estate can stabilize and strengthen your portfolio. Moreover, the demand here exceeds the supply, which is always favorable for investment products.

Investing in properties in clusters like Morocco is also an asset that provides a high ROI from rentals. As of May 2023, the gross rental yield for a 5-bedroom townhouse in this area reached 8.1% with an average rent of $46,000 per year. As the community grows and the infrastructure improves, the price per square meter in it will increase. Additionally, the growth, including the average rental rate, can be influenced by the completion of the construction of a large shopping complex in the neighboring Dubai Hills community.

During the off-plan sales phase, a villa with an area of 212 sq. m costs from $790,191 / AED 2,900,000. Premium properties allow the investor to apply for an investor visa immediately after the completion of the cluster by the developer. Even for the most affordable housing in the cosmopolitan community, the investor can obtain a 10-year golden visa. This document allows one to live in the UAE, bring their family, conduct business, etc. After 10 years, if the property ownership is retained, the visa can be renewed an infinite number of times.