This is a new cluster of townhouses in the renowned DAMAC Lagoons Mediterranean-style community in Dubai by DAMAC Properties.
Ibiza is one of the final phases of the luxurious Damac Lagoons community, which attracts investors from all over the world with its unique resort lifestyle. Extensive landscaped grounds, access to the finest luxury amenities, a collection of the most luxurious residences – Ibiza at Damac Lagoons will be the ultimate destination for a life of serenity.
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The architecture of the residences fully reflects the best features of the Mediterranean style. The designer townhomes come with spacious terraces, balconies offering spectacular views, built-in patios and private gardens. Each residence also includes a private garage with space for two cars. To create an authentic Mediterranean feel, interiors will be a combination of white and wood finishes.
The Ibiza cluster comprises exclusive 4 and 5 bedroom townhouses. Each residence is located directly on the shore of an artificial lagoon. Residents can enjoy daily breathtaking views of white sand beaches and a lagoon filled with crystal clear water.
Installment | Stage | Payment |
---|---|---|
Advance payment | 20% | |
1st installment | Within 3 months. | 5% |
2nd installment | Within 6 months. | 5% |
3rd installment | Within 9 months. | 5% |
4th installment | Within 12 months. | 5% |
5th installment | Within 15 months. | 5% |
6th installment | Within 18 months. | 5% |
7th installment | Within 21 months. | 5% |
8th installment | Within 24 months. | 5% |
9th installment | Within 27 months. | 5% |
10th installment | Within 30 months. | 5% |
11th installment | Within 33 months. | 5% |
12th installment | Within 36 months. | 2% |
13th installment | On completion of 70% of construction | 2% |
14th installment | On completion of 80% of construction | 1% |
15th installment | On completion of construction | 20% |
Ibiza is conveniently located along Mohammed Bin Zayed Road, Emirates Road and Al Khail Road providing excellent access to many of the Emirate’s most popular locations. Downtown Dubai, DIFC, Dubai Marina, Al Maktoum International Airport, Dubai International Airport and other popular locations can be reached in under 35 minutes.
Please note that the public transport network in the DAMAC Lagoons mega project under construction is not yet developed. Therefore, for the time being, it is advisable to travel in your own car.
It will take about 15 minutes to reach many socially important facilities, including educational institutions, hospitals, supermarkets, leisure facilities and more. These include:
As Ibiza property values exceed AED 2,000,000 (USD 545,000), you will have the opportunity to get a 10-year “Golden Visa” of UAE residency upon completion. It will provide you with a host of benefits, including sponsorship for household staff and family members, as well as an Esaad card which will allow you to enjoy discounts on more than 7,000 brands.
If you are considering renting out your townhouse, you can calculate your approximate profit by taking the figures from the neighbouring community of DAMAC Hills, also developed by DAMAC Properties. According to Property Monitor as of December 2022, villas/townhouses in this community yield a 5.39% return on investment and the minimum rental price of a four-bedroom townhouse is AED 175,000 (USD 48,000) per annum.
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