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DISTRESS DEAL: 1-BR IN LAGOON VIEWS 12

Original Price: AED 1,333,280

Asking Price: AED 1,230,000

7.7% Below O.P.

Size: 808 sq.ft

Developer: Damac

Location: Damac Lagoons

Completion Date: June 2027

Exterior architectural rendering of Lagoon Views 12 - Tower C at Damac Lagoons featuring modern waterfront residences, landscaped lagoon community, and resort-style surroundings – Distress Deal investment opportunity in Dubai

SOLD

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1-bedroom apartment layout floorplan for Lagoon Views 12 - Tower C showing the full unit configuration including balcony and living spaces – Distress Deal unit plan
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PAYMENT PLAN

UNIT PRICE

AED 1,230,000


PAYMENTS ON TRANSFER


1. Payment to seller

AED 576,180

2. DLD Transfer fee 4% + 40 AED

AED 49,240

3. DLD Registration Trustee fee + 5% VAT

AED 5,250

4. Buyer's agent commission 2% + 5% VAT

AED 25,830


PAYMENT PLAN SCHEDULE


17-MAR-2026

AED 12,820

17-APR-2026

AED 12,820

17-MAY-2026

AED 102,560

17-JUN-2026

AED 12,820

17-JUL-2026

AED 12,820

17-AUG-2026

AED 12,820

17-SEP-2026

AED 12,820

17-OCT-2026

AED 12,820

17-NOV-2026

AED 12,820

17-DEC-2026

AED 12,820

17-JAN-2027

AED 12,820

17-FEB-2027

AED 102,560

17-MAR-2027

AED 12,820

17-APR-2027

AED 12,820

17-MAY-2027

AED 12,820

On 80% of building Completion

AED 12,820

On 90% of building Completion

AED 12,820

On Completion

AED 256,400


SUMMARY


Total on Transfer

AED 656,500

Total remaining Payment Plan

AED 653,820

TOTAL COST FOR BUYER

AED 1,310,320


ABOUT THIS DEAL

Investment Opportunity: Distress Deal in Lagoon Views

This unit presents an opportunity to acquire a distressed asset in Lagoon Views, Tower C. With the current asking price set at AED 1,230,000, this property comes with a reported discount of 7.7% from its original price of AED 1,333,280.


Price Analysis

Size of the property: 808 sq.ft.


Price per sq. ft.: AED 1521.29


Investment Considerations

The current pricing creates potential for capital appreciation. As a distressed asset, it invites consideration for both short-term gains upon market adjustment and potential rental yield improvements.


GOT QUESTIONS?

PROJECT DESCRIPTION

Overview of Lagoon Views

Lagoon Views is a residential sub community located within Damac Lagoons in Dubai, United Arab Emirates. The development forms part of a large master planned district created by Damac Properties and positioned near the intersection of Hessa Street D61 and Sheikh Zayed Bin Hamdan Al Nahyan Street D54. Lagoon Views consists primarily of mid rise apartment buildings designed around a central lagoon environment. The project remains under development and forms a component of a wider residential and leisure oriented master plan that introduces multiple themed neighbourhoods, landscaped public areas, and waterfront amenities. Within the Damac Lagoons master plan, Lagoon Views occupies a section dedicated to apartment living rather than villas and townhouses which dominate other districts in the community.


Development Structure and Layout

The Lagoon Views project is planned as a collection of approximately twenty two mid rise apartment buildings arranged around artificial lagoon water features and landscaped public space. The positioning of structures forms a waterfront residential environment where buildings overlook a central lagoon surrounded by open walkways, planting areas, and recreational zones. The architectural approach draws from Mediterranean design elements including curved exterior facades, balcony terraces, and visual references to coastal architecture. The master plan incorporates pedestrian connectivity between buildings, communal landscaped areas, and waterfront promenades. Residential units are predominantly one and two bedroom apartments. The design concept includes integration of balconies and indoor living spaces that connect visually to the lagoon and the surrounding landscaping.


Architectural and Interior Design Concepts

The buildings in Lagoon Views are designed with contemporary forms that combine clean exterior lines with balcony projections and curved structural profiles. The exterior design uses materials and shapes influenced by Mediterranean coastal architecture. Within the project concept documentation the interiors are presented as simple functional spaces defined by open layouts and neutral colour schemes. Large windows are intended to allow natural light to enter apartments and provide views of water features and landscaped gardens. Brochure material describes indoor environments built around minimal interior detailing and adaptable living areas. The waterfront theme extends beyond architecture into landscape design through the use of planted terraces, walking paths, and lagoon edge gathering areas.


Amenities and Environmental Features

The promotional material for Lagoon Views describes a variety of proposed communal facilities integrated into the development landscape. These include landscaped hills, themed gardens, and public gathering areas positioned near the lagoon waterfront. Amenities referenced in planning and marketing documents include an olive tree garden and event oriented outdoor areas suitable for gatherings. Additional features described include a honey themed refreshment location, a glow lounge area, a beach style club environment, a tapas lounge, and a pool bar that includes floating seating pods. Event programming within the wider Damac Lagoons community concept includes seasonal entertainment activities, recreational events, and water themed leisure environments. While these facilities appear within concept material, the final configuration may evolve as construction progresses and detailed infrastructure development continues.


Location and Accessibility

Lagoon Views is situated in the Al Hebiah Fifth area of Dubai. The location lies within Dubailand and is positioned between major arterial roads that connect the outer suburban districts of Dubai with the central urban corridor. Hessa Street D61 offers east west connectivity linking the area to Al Khail Road, Sheikh Zayed Road, and other major transport routes. Sheikh Zayed Bin Hamdan Al Nahyan Street D54 provides north south access towards Al Ain Road and other Dubai suburbs. According to travel time estimates calculated through typical road routing, driving from Lagoon Views to Dubai Mall in Downtown Dubai requires roughly forty one minutes. Travel time to Palm Jumeirah averages approximately thirty five minutes, while the Burj Al Arab area is roughly thirty seven minutes away. The beachfront promenade at The Walk in Jumeirah Beach Residence is typically about forty minutes by car.


Airport Connectivity

Air transport access from Lagoon Views is provided through the two major airports serving the Dubai metropolitan area. Dubai International Airport DXB is approximately forty five minutes away during typical driving conditions depending on traffic flows and route selection. Al Maktoum International Airport also known as Dubai World Central lies closer to the development and can generally be reached in about thirty two minutes. The presence of both airports provides domestic and international connectivity for residents and property investors. Road links connecting to Emirates Road and Sheikh Mohammed Bin Zayed Road provide the primary vehicular access corridors to these airports.


Surrounding Attractions and Infrastructure

The area surrounding Lagoon Views contains several established residential and recreational districts. Nearby communities include Remraam, Dubai Sports City, Motor City, Studio City, and Damac Hills. Major leisure attractions within driving distance include Dubai Miracle Garden, Expo City Dubai, and entertainment destinations such as indoor theme rides located in retail complexes across the city. Several golf courses exist within a short radius including Jumeirah Golf Estates Golf Course, Trump International Golf Club at Damac Hills, and The Els Club in Dubai Sports City. Cinema facilities in nearby districts include Cinepolis at Circle Mall and Reel Cinemas at Dubai Marina Mall and The Springs Souk. Green recreational spaces near the development include Victory Heights Community Park, Damac Hills Park, and a number of community level parks within surrounding residential districts.


Education and Community Facilities

Lagoon Views is located within reasonable distance of several international curriculum schools. Educational institutions within proximity include South View School in Remraam and Royal Grammar School Guildford in Dubai located in Tilal Al Ghaf. Additional educational options include Jebel Ali School in Damac Hills and Dwight School Dubai in Sports City which offers an International Baccalaureate programme. These schools provide a mix of British and international education systems and typically serve students from early years through secondary levels. Government inspection ratings published by Dubai education authorities classify several schools in the surrounding districts with ratings ranging from very good to outstanding.


Project Timeline and Development Progress

Initial traceable project activity for Lagoon Views began during January 2024 when early planning information and project details appeared in regional real estate coverage. A launch phase occurred during 2024 involving collaboration between the developer and Dubai regulatory institutions. Coverage of the launch indicates that the early sales phase involved UAE national brokers and included incentives for Emirati participants such as commission arrangements and buyer discounts. In May 2024 a subsequent phase was released consisting of several hundred one and two bedroom waterfront apartments. As of the latest available information the buildings within Lagoon Views remain in planning or early construction stages while additional structures across the wider Damac Lagoons community continue to progress.


Construction Context Within Damac Lagoons

The Lagoon Views district represents the apartment component of the broader Damac Lagoons master development. Damac Lagoons is structured as a themed residential project that includes multiple villa and townhouse clusters designed around a series of artificial lagoons and landscaped districts. The apartment buildings of Lagoon Views provide higher density residential accommodation compared with the largely villa based environment of surrounding neighbourhoods. This structural difference allows the developer to diversify property types within the master community while maintaining the waterfront recreational theme present throughout the project. Infrastructure development within the broader master plan includes roads, landscaped public routes, and utility networks required to support residential occupancy.


Investment Context and Pricing Considerations

Transactions recorded by Dubai Land Department demonstrate active pre registration sales activity in Lagoon Views units within the Damac Lagoons master project. Recorded sales include one bedroom and two bedroom apartment transactions within planned buildings. Certain listings associated with this development are occasionally marketed at pricing levels below surrounding comparable properties. In such cases the unit may be described as a distressed asset due to pricing that sits below prevailing market averages for similar residential units. In property investment terminology a distressed asset typically refers to a property priced below comparable market valuations due to urgent resale conditions, developer release strategy, or specific financial circumstances linked to ownership. Buyers evaluating Lagoon Views should conduct independent market research and review transaction data from Dubai Land Department to assess pricing trends within the wider district.


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