Ambitious Damac Lagoons on solid track
- 02 Oct 2023
Inayat-ur-Rahman, Business Editor
The UAE’s leading luxury real estate developer Damac Properties hosted an exclusive media tour to showcase its ambitious Damac Lagoons development, poised to redefine urban living in Dubai. Spanning an impressive 4.5 million sq. m, Damac Lagoons is the company’s third master community development in the city.
Construction progress stands at an impressive 20%, with ongoing construction for 6,459 villas spread across 13 clusters. Additionally, 1,432 villas (across 2 clusters) are in the final stages of appointing the main contractor, while 1,025 villas (across 2 clusters) are in the final stages of design. More than 2,300 villas have already reached the ground floor or above.
Since the project’s launch in November 2021, Damac has achieved remarkable progress, with work underway on 6,500 villas in less than two years. The project employs a daily workforce of more than 14,000 individuals, supported by over 100 excavators and more than 850 vehicles entering the site daily.
Remarkably, Damac Lagoons has achieved over 13.6 million safe man-hours without any lost time incident, reflecting its unwavering commitment to the safety and well-being of its workforce.
Situated adjacent to Damac Hills, the developer’s flagship community development, this visionary project offers an idyllic blend of tranquillity and accessibility to the vibrancy of Dubai’s city life. The development’s prime location provides residents with easy access to schools, entertainment centres, and hospitals, all within close reach.
Inspired by the landscapes of the Mediterranean region, Damac Lagoons will be divided into multiple thematic clusters, each capturing the essence of a renowned Mediterranean city. These clusters include Ibiza, Malta, Venice, Morocco, Monte Carlo, Mykonos, Costa Brava, Nice, Portofino, Santorini, and Marbella.
With a total gross floor area (GFA) of 2.3 million sq. m. the community will feature more than 9,000 villas. To date, more than 95% of released units have been sold to date.