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PAYMENT PLAN
UNIT PRICE | AED 18,180,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 12,455,100 |
2. DLD Transfer fee 4% + 40 AED | AED 727,240 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 381,780 |
PAYMENT PLAN SCHEDULE
14-APR-2026 | AED 954,150 |
On 70% of Villa Completion | AED 381,660 |
On 80% of Villa Completion | AED 381,660 |
On 90% of Villa Completion | AED 190,830 |
On Completion | AED 3,816,600 |
SUMMARY
Total on Transfer | AED 13,569,370 |
Total remaining Payment Plan | AED 5,724,900 |
TOTAL COST FOR BUYER | AED 19,294,270 |
EXECUTIVE SUMMARY
Investment Analysis: Distress Deal in Morocco 1 - LV75K
This analysis covers a distressed asset, involving a 7-bedroom plus maid's quarters property.
Initial Observations
The asking price is set at AED 18,180,000, reduced from an original price of AED 19,864,000, indicating a discount of 8.5%.
Price Analysis
The built-up area (BUA) is 17,500 sq.ft. Given the asking price, the price per square foot is determined as follows:
Price per sq. ft.: AED 1038.86
This could represent significant value, contingent upon future market movements and demand in the area.
Potential Considerations
Investors should consider both the potential for capital appreciation and rental yield based on current and projected market conditions.
Property is structured as a distress deal, providing an opportunity for potential acquisition below market value.
PROJECT DESCRIPTION
Overview
Morocco at Damac Lagoons is a residential sub community located within the Damac Lagoons master development in Dubai, United Arab Emirates. The project forms part of a large scale masterplanned neighbourhood developed by Damac Properties. It is situated in Al Hebiah Fifth, an area within Dubailand positioned near the intersection of Hessa Street D61 and Sheikh Zayed Bin Hamdan Al Nahyan Street D54. Morocco at Damac Lagoons is currently under development and forms one of several themed districts within the wider Damac Lagoons community.
The development is designed primarily as a low density villa and townhouse environment. Planned residential layouts include four bedroom townhouses, five bedroom townhouses, and larger six and seven bedroom villas. These residential units are arranged along landscaped streets and water themed surroundings characteristic of the Damac Lagoons masterplan. At the time of project launch, unit prices were recorded between AED 2850000 and AED 14500000 according to available market data.
Master Community Context
Morocco at Damac Lagoons forms one district within the broader Damac Lagoons project, a masterplanned residential community developed by Damac Properties. The wider project is positioned adjacent to the established Damac Hills community and is accessible through Dubai arterial road networks including Hessa Street D61 and Sheikh Zayed Bin Hamdan Al Nahyan Street D54. The location provides road connectivity toward major employment and leisure destinations across Dubai.
The Damac Lagoons development includes multiple sub communities each themed around architectural or cultural motifs. These districts are arranged around an artificial lagoon system and landscaped public spaces. Within this context, Morocco at Damac Lagoons is positioned as one of the residential clusters contributing to the overall residential capacity of the master development.
Transport And Road Connectivity
Access to Morocco at Damac Lagoons is primarily dependent on private vehicle transportation due to the suburban positioning of the community within Dubailand. The location benefits from connectivity to several major Dubai road corridors including Hessa Street which links to Al Khail Road and Sheikh Mohammed Bin Zayed Road. These connections enable vehicle access to business districts and commercial centres across the emirate.
Estimated travel times by car place Dubai Mall at approximately thirty one minutes via major highway routes. Palm Jumeirah can be reached in around twenty five minutes while Burj Al Arab is located roughly twenty six minutes from the community. The Walk at JBR is also accessible within approximately twenty nine minutes depending on traffic conditions. These estimates are consistent with typical routing via Sheikh Zayed Road or Al Khail Road.
Dubai International Airport DXB is located approximately thirty five minutes by car from Morocco at Damac Lagoons. The developing Al Maktoum International Airport at Dubai South is situated at a shorter estimated driving time of roughly twenty two minutes. The proximity of the latter airport is expected to improve regional accessibility as the facility expands.
Urban Infrastructure And Nearby Districts
The surrounding area contains a range of established and emerging residential districts including Damac Hills, Remraam, Dubai Studio City, Motor City, Mudon and Dubai Sports City. These neighbourhoods contribute additional retail infrastructure, educational institutions, green spaces and recreational facilities within short driving distances.
Damac Hills located approximately 1.6 kilometres away contains a large residential development centred around the Trump International Golf Club. Remraam, situated roughly 2.0 kilometres away, comprises low rise apartment buildings integrated with open landscaped areas. Dubai Studio City and Motor City provide a mix of residential and commercial uses including media production facilities, residential buildings and retail destinations.
Additional nearby communities such as Arabian Ranches 2 and The Sustainable City extend the suburban residential environment of this part of Dubailand. These neighbourhoods collectively contribute to the local ecosystem of services, schools and leisure activities supporting residents within the wider district.
Education And Community Facilities
Several educational institutions are located within short driving distances of Morocco at Damac Lagoons. Schools include South View School located approximately 1.5 kilometres away and Jebel Ali School situated approximately 1.7 kilometres from the development. Both schools offer British curriculum education programmes.
Other nearby institutions include the Royal Grammar School Guildford in Dubai located in Tilal Al Ghaf roughly 2.0 kilometres away and Dwight School Dubai located within Dubai Sports City approximately 2.2 kilometres from the community. Many of these institutions have received government inspection ratings classified as Very Good or Outstanding under Dubai education authority frameworks.
The proximity of these institutions contributes to the residential appeal of the broader area for family oriented housing developments. Support infrastructure in neighbouring communities includes neighbourhood parks, retail centres and hotel restaurants integrated within the wider Dubailand district.
Leisure And Attractions
A range of leisure attractions and recreation facilities are located within driving distance of Morocco at Damac Lagoons. Dubai Miracle Garden is situated approximately 4.7 kilometres away and functions as one of the city most visited seasonal attractions. Global Village located roughly 8.7 kilometres away offers cultural entertainment showcases and retail pavilions accessible during the cooler months.
Golf facilities near the development include Trump International Golf Club at Damac Hills approximately 1.5 kilometres away, The Els Golf Club approximately 3.5 kilometres away and the championship courses of Jumeirah Golf Estates approximately 4.1 kilometres from the community.
Public green spaces in the surrounding area include Damac Hills Park and a series of landscaped parks within Dubai Studio City. These parks provide additional recreational areas including walking paths and community green areas serving surrounding residents.
Development Status And Milestones
Project records indicate the first documentation for Morocco at Damac Lagoons appeared in May 2022. Construction activity was projected to begin in August 2023 according to early development milestones. As part of a wider multi phase master community, the completion timeline is linked with the broader development progress of Damac Lagoons.
Construction imagery associated with the site indicates land infrastructure preparation as an early stage of development activity. As with many masterplanned communities in Dubai, architectural designs and landscape features may be revised as construction progresses.
Property Market Context
Residential properties within Morocco at Damac Lagoons consist primarily of townhouses and villas with multiple bedroom configurations. Initial launch pricing data recorded ranges between AED 2850000 and AED 14500000 depending on unit size and layout. Listings within the secondary market include townhouse properties typically priced in the multimillion dirham range.
Some resale opportunities within the development may be marketed as distressed assets where sellers are offering below market pricing relative to prevailing listing levels. In property market terminology a distressed asset typically refers to a property offered for sale at a reduced valuation because of financial circumstances, early exit requirements or motivated seller conditions.
Such distressed assets occasionally arise in off plan communities during the construction phase when investors seek to transfer ownership prior to project completion. These listings may reflect price positioning below comparable units currently marketed within the project.
Summary
Morocco at Damac Lagoons is an under development residential district located within the Damac Lagoons master community in Dubailand. Developed by Damac Properties, the project consists of townhouse and villa residences arranged within a themed suburban environment. The location provides road connectivity across Dubai through Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street while nearby districts supply educational institutions, parks, leisure attractions and retail infrastructure. As construction progresses, Morocco at Damac Lagoons is expected to form part of the wider residential expansion occurring across the Dubailand corridor.