DISTRESS DEAL: 2-BR WITH POOL IN PEACE LAGOONS

Overview

Peace Lagoons is a high rise residential development located in DubaiLand Residence Complex within the district of Wadi Al Safa 5 in DubaiLand, Dubai, United Arab Emirates. The project is being developed by Peace Homes Development and consists of a residential tower rising 18 storeys above ground with four basement parking levels. The development is designed to contain approximately 960 residential units comprising a mix of studio, one bedroom and two bedroom apartments. According to the Dubai Land Department project data, the development has an estimated project value of AED 190000000. Construction activity for the project commenced following early design stages in 2024 and the estimated completion and handover date is June 2027. Within the local property market context, the availability of certain units in the development at prices below prevailing market comparables has resulted in classifications of some listings as distressed assets due to below market pricing relative to recent transactional benchmarks.

Location and Urban Context

The building forms part of the DubaiLand Residence Complex, a mixed use residential district positioned in the wider DubaiLand master development. DubaiLand Residence Complex is situated west of Dubai Silicon Oasis and east of the Global Village corridor, forming part of a rapidly expanding suburban residential cluster connected to Sheikh Mohammed Bin Zayed Road. The surrounding area comprises mid rise apartment buildings, residential compounds, neighbourhood retail outlets and community facilities serving the Wadi Al Safa 5 district. Nearby residential communities include Liwan approximately 1.9 kilometres away, The Villa around 2.5 kilometres away, and Dubai Silicon Oasis roughly 2.8 kilometres from the project site. These neighbouring communities collectively form a large residential catchment characterized by apartment complexes, villa communities and mixed use corridors.

Development Structure and Design

Peace Lagoons has been planned as a medium density residential tower within the master planned layout of DubaiLand Residence Complex. The structural program includes four basement levels dedicated primarily to vehicle parking, building services infrastructure and resident facilities. Above the podium levels rise 18 residential storeys accommodating the apartment inventory. Units in the building include studio apartments as well as one bedroom and two bedroom layouts designed for owner occupiers and rental investors. Design and architectural consultancy roles for the project are provided by MMS Architectural and Engineering Consultants along with design architect Arec Engineering Consult. Construction works are being undertaken by the contractor Strong Walls Constructions. The architectural concept focuses on central water themed amenities integrated into the podium recreational areas.

Residential Units and Facilities

The residential inventory within Peace Lagoons is estimated to total approximately 960 units distributed across multiple apartment types. Studio units account for entry level residential options, while one bedroom and two bedroom units provide larger living configurations accommodating couples and small families. Each apartment is designed with modern interiors and finishes including ceramic tile surfaces. A notable feature in the project marketing material is the provision of a private pool for each apartment unit integrated into balcony spaces. Shared amenities within the building are planned to include a lagoon style swimming pool, gymnasium, outdoor cinema, sun lounge areas, volleyball courts, meditation zones and children play spaces. Communal recreational areas are designed to occupy podium level amenity decks that connect residential spaces with landscaped outdoor facilities.

Transport and Connectivity

Peace Lagoons benefits from its location in proximity to major road networks serving the Dubai metropolitan area. Road connectivity from DubaiLand Residence Complex is primarily provided by Sheikh Mohammed Bin Zayed Road, one of the main arterial highways linking residential districts to the city centre and coastal zones. From the development site typical driving distances include roughly 22 minutes travel time to Downtown Dubai and Dubai Mall, approximately 32 minutes to Palm Jumeirah and the Burj Al Arab area, and approximately 38 minutes to The Walk at Jumeirah Beach Residence. Local internal roads connect the building to neighbourhood retail clusters and nearby residential streets within the Wadi Al Safa 5 area.

Airport Access

The project is positioned at roughly mid distance between Dubai's two principal international airports. Dubai International Airport located in the Deira and Garhoud area can be reached in approximately 23 minutes by car depending on traffic conditions. Al Maktoum International Airport situated in Dubai South is estimated to be around 33 minutes driving distance via the emirate's highway network. The dual airport accessibility contributes to the area's suitability for residents working in different commercial districts across the city.

Education and Community Infrastructure

Several schools and educational institutions operate in the wider district within short driving distances of the development. One of the closest is Lycee Francais International Georges Pompidou located about 0.4 kilometres away in Academic City. The Aquila School lies approximately 0.9 kilometres from the project site and follows the British and International Baccalaureate curriculum model. Additional nearby institutions include GEMS FirstPoint School and GEMS Wellington Academy in Dubai Silicon Oasis. These educational establishments provide schooling options ranging from early years education to secondary level within the surrounding residential catchment.

Retail and Local Services

Residents of Peace Lagoons will have access to neighbourhood retail facilities distributed throughout DubaiLand Residence Complex. Supermarkets and convenience stores located nearby include Skaklan Supermarket, Spice n Life Mini Mart and Al Madeena Grocery. Restaurant and café options within walking distance include Emerald Restaurant, Eat and Drink Restaurant and smaller independent coffee outlets in adjacent residential towers. Healthcare accessibility is supported by nearby establishments such as Life Pharmacy, Asyer Pharmacy and Wadi Al Safa Medical Centre located within the surrounding blocks. Personal care services including salons, laundries and tailoring outlets also operate within the nearby retail frontage of neighbouring buildings.

Recreation and Landmarks

Several entertainment attractions and leisure destinations are positioned within short driving distance of the development. IMG Worlds of Adventure indoor theme park lies approximately 6.4 kilometres away, while the seasonal Global Village cultural and retail destination is situated roughly 8.1 kilometres from the community. Dubai Safari Park is about 11.5 kilometres away and offers wildlife themed recreational experiences. Additional recreational environments including neighbourhood parks and community open spaces are located within the DubaiLand Residence Complex master plan.

Investment Context

The DubaiLand Residence Complex district has experienced ongoing residential development in the last decade with numerous apartment buildings constructed to serve growing population demand in the western expansion of Dubai. Transaction data recorded by the Dubai Land Department indicates that sales within Peace Lagoons have been registered during the off plan stage with unit sizes and price metrics varying across studio and one bedroom categories. Within the broader investment environment certain listings have been distributed at below comparable market values, leading to identification of some available units as distressed assets due to below market pricing relative to surrounding projects and recent sales records. Distressed asset opportunities typically arise from investor liquidity needs or discounted pre completion sale situations and can be positioned within acquisition strategies for yield oriented property investors.

Planning Timeline

Project milestones recorded in development tracking data indicate the earliest trace of the Peace Lagoons project in April 2024. Construction commencement followed in the same year after planning and design phases were completed and the estimated completion timeline has been scheduled for June 2027. As with many off plan developments in Dubai timelines may adjust depending on construction progress and regulatory approvals; however the current schedule places the project among the active residential construction pipeline within DubaiLand Residence Complex.

Summary

Peace Lagoons represents a large scale residential tower development within DubaiLand Residence Complex in Wadi Al Safa 5. The eighteen storey building with four basement levels provides nearly one thousand apartments complemented by recreational facilities and lagoon themed amenities. Its location offers highway connectivity to key urban destinations including Downtown Dubai, Palm Jumeirah and Dubai International Airport. The surrounding area contains schools, neighbourhood retail outlets, medical facilities and leisure attractions. Within current market conditions certain units available in the project are considered distressed assets due to below market pricing compared with nearby developments, reflecting specific investor resale positions within the early phase of the development cycle.