Damac Lagoon Views Phase 5

Key facts

Status

not_started

Ownership

freehold

Property types

apartment

Availability

Limited availability, confirm with us

Payment plan

Available units

Amenities

• Social and Community
• Retail Facilities
• Gymnasium
• Restaurants
• Indoor Swimming Pool
• Landscaped Gardens
• Children's Play Area
• Security

Location

Damac Lagoon Views Phase 5 sits in Damac Lagoons.

Master plan

The developer’s own site plan for Damac Lagoon Views Phase 5, showing how the buildings, roads and open space sit together.

How Damac Lagoon Views Phase 5 compares

Damac Lagoons holds 37 off-plan projects, with a median entry price of AED 1.5M. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Damac Properties has 167 projects in our catalogue, 37 of them in Damac Lagoons.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 10% on booking, 40% during construction and 50% at handover. The 40% due during construction falls in two instalments of 2% to 38%.

Dubai Land Department registration is charged at 4% of the purchase price on top. Under Dubai's Law 8 of 2007 the money does not go to the developer directly: a registered project holds buyer payments in an escrow account supervised by RERA, released against certified construction progress.

Ownership and residency

Damac Lagoon Views Phase 5 is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed.

Who it suits

The development is apartments in 1 to 2 bedroom layouts.

What is on site

Shared facilities recorded for Damac Lagoon Views Phase 5 lead with social and community and retail facilities, alongside the gymnasium, restaurants, indoor swimming pool, landscaped gardens, children's play area and security that most Dubai developments carry.

Frequently asked