DAMAC Launches Phase Two of LAGOON Views in Dubai
DAMAC Properties has officially announced the launch of Phase Two of LAGOON Views within the dynamic DAMAC LAGOONS development, located in a strategic area of Dubai.
2 min
The launch of Phase Two of LAGOON Views follows the rapid sell-out of phase one, emphasizing the high demand for upscale, waterfront living environments. The newly launched phase introduces an additional 600 Mediterranean-inspired one and two-bedroom apartments, distributed across nine buildings, aiming to cater to the growing need for modern and comfortable living in a tranquil, waterfront setting.
Enhanced Living Experience
The interiors of these new residences are crafted with neutral color schemes that convey a sense of understated luxury and create a peaceful atmosphere. Each apartment features large balconies that not only extend the living space but also provide residents with a serene connection to the outdoors and stunning views of the water features and promenades surrounding the development.
In addition, the location offers convenient access to essential amenities including shopping centers, educational institutions, and healthcare facilities. Residents can enjoy a range of premium facilities such as a fully equipped gym, swimming pool, yoga and spa facilities, an outdoor cinema, and a beach club.
Mohammed Tahaineh, General Manager of Projects at DAMAC, said: “The city continues to attract those seeking a luxurious lifestyle that merges modern conveniences with upscale living. Phase Two of Lagoon Views is perfectly positioned to meet this demand. “Nestled within the holistic and self-sustained DAMAC LAGOONS community, this new phase enriches life for homeowners by integrating nature, stunning waterfront views, architectural excellence, and a comprehensive range of amenities. “Residents will have the opportunity to indulge in the finer aspects of life and create unforgettable daily experiences.”
Upon its completion, the DAMAC LAGOONS development is set to feature over 8,000 luxury homes across thematic clusters like Venice, Morocco, and Santorini, strategically providing seamless access to Dubai’s renowned destinations such as Downtown Dubai and Business Bay.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
A bold new corporate restructure to achieve its ambitious $27 billion portfolio goal
2 min
Omniyat, a distinguished name in Dubai’s ultra-luxury real estate sector, has embarked on a transformative journey by unveiling a new corporate structure under the newly formed Omniyat Group. This strategic move aims to unify and drive success across its various branded companies, setting an ambitious target of a AED100 billion ($27 billion) total group portfolio over the next five years.
This announcement signifies a pivotal moment for Omniyat Group, reaffirming its dedication to reshaping the real estate landscape not only in Dubai but across the broader region. As part of its growth strategy, Omniyat plans to significantly expand its footprint in the ultra-luxury real estate segment, aiming for a total portfolio value of AED50 billion.
Established in 2005 by Executive Chairman Mahdi Amjad, Omniyat was conceived with the vision of revolutionizing the Dubai property market through the creation of unique living experiences. The company has consistently elevated the standards in real estate, driven by a policy of strategic diversification that has enabled it to explore various market segments.
In line with this strategy, Omniyat Group is set to announce a new real estate company in Q3 2024. This new venture will be part of a commitment to invest AED50 billion in new real estate divisions targeting multiple market segments. This initiative underscores Omniyat’s ongoing commitment to understanding market demands and delivering on its bold vision to be “the best in class, in every class.”
By continuously evolving and adapting to market needs, Omniyat Group stands poised to lead the future of real estate in the region, setting new benchmarks in luxury and innovation.
Commenting on the launch, Amjad said: “Nineteen years ago, I founded Omniyat with a clear mission to achieve the unprecedented in Dubai’s real estate sector. A city of superlatives, Dubai is globally renowned for its remarkable story of progress and achievement, and we wanted to bring iconic projects to Dubai’s skyline that stood apart for their design, innovation, and artistry.”
“Encouraged by the UAE’s robust growth and long-term vision and inspired by the success of our ultra-luxury brand, I am establishing Omniyat Group to invest in other brands and companies to address different segments of the UAE’s strong growing real estate market with an uncompromising principle of ‘Best in class, in every class’ we address.”
“Today, Omniyat Group has been announced to drive forward our mission to elevate the people at the heart of our business and contribute to a better life and environment for all stakeholders, employees, clients, and their loved ones,” he stated.
“Guided by an unwavering commitment to excellence, we will continuously strive to raise standards and curate experiences that make life better, in every sector we engage in,” he added.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
