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.
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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
Villa prices saw particularly strong growth, with capital values increasing by 33.4 percent year-on-year
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Dubai’s real estate market showed strong performance in the second quarter of 2024, with notable increases across the residential, office, and retail sectors, according to a new ValuStrat real estate report for Q2 2024.
Villa prices experienced particularly strong growth, with capital values rising by 33.4 percent year-on-year.
Haider Tuaima, Director and Head of Real Estate Research at ValuStrat said: “The Dubai real estate market has shown impressive growth and resilience in recent months. The ValuStrat Price Index for Residential Capital Values increased by 6.4 percent quarterly and 28.2 percent annually, reaching 178.2 points.
“Despite severe flooding caused by record rainfalls in April, the quick and effective response from developers and authorities helped to control the damage, ensuring that market activity and property valuations remained robust in the subsequent months.”
The office sector also performed well, with the VPI for office capital values surging by 31.7 percent annually and 9.4 percent quarterly, reaching 212.5 points—the highest quarterly increase in a decade.
In the retail sector, Emaar Properties reported 98 percent occupancy in their prime mall assets, while overall mall occupancy stood at 96 percent during the first quarter of 2024. The hospitality sector also saw growth, with total international guests reaching 8.12 million as of May 2024, a 9.9 percent increase compared to the same period last year. Hotel occupancy reached 81 percent, rising by 1.4 percent year-on-year.
Despite these positive indicators, Tuaima added, “The decline in transaction volumes calls for a closer examination of market dynamics as stakeholders navigate this evolving landscape.”
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
