IBIZA at DAMAC Lagoons

Deposit

1st-11th Installment

On 70% Completion

On 80% Completion

On 90% Completion

On Completion

Location

Developer

Status of Project

Type of Project

Available Units

Payment Plan

ibiza-at-damac-lagoons-4.jpg

Starting Price from

Handover

Surrounded by manicured lawns, the townhouses will feature a garden, a patio, a carport, a laundry/storage room, a balcony and a terrace. On top of that, the properties in 5-bedroom configurations will come with a maid’s room for the utmost comfort of homeowners.When residing in Ibiza, you will be treated to a wide array of fun-filled amenities, designed to bring the coastal party vibes to Dubai. These include a Boho Lounge, a Tapas Lounge, a Hammock Chill and a Sunset Beach. On top of that, you will be able to enjoy a full calendar of exciting events throughout the year, such as foam parties and music festivals.Representing the most popular of all the Balearic Islands, Ibiza is a premium townhouse cluster in DAMAC Lagoons by DAMAC Properties. The development offers a collection of 4 and 5-bedroom properties, which will consist of 2 and 3 floors. To create an authentic Mediterranean-themed ambiance, the interiors will combine wooden finishes and a white colour palette.








The initial acquisition cost for a 4-bedroom townhouse in Ibiza is AED 2,100,000 (USD 572,000).

Ibiza will be conveniently situated next to Mohammed Bin Zayed Road, Emirates Road and Al Khail Road, ensuring excellent connectivity to many coveted destinations across the emirate. That being said, travel time to Downtown Dubai, DIFC, Dubai Marina, Al Maktoum International Airport and Dubai International Airport, among other coveted destinations, will take a maximum of 35 minutes’ by car.Please note that the public transport infrastructure in the envisioned DAMAC Lagoons mega-project has not been developed yet. Therefore, it is recommended to move around by private vehicle for now.<img class="two-col-grid-image one-1" src="https://metropolitan.realestate/wp-content/uploads/2022/12/Ibiza-4-1024x526.jpg" alt=""><img class="two-col-grid-image one-2" src="https://metropolitan.realestate/wp-content/uploads/2022/12/Ibiza-5-1024x679.jpg" alt=""><img class="two-col-grid-image one-3" src="https://metropolitan.realestate/wp-content/uploads/2022/12/Ibiza-6-1024x576.jpg" alt=""><img class="two-col-grid-image one-1" src="https://metropolitan.realestate/wp-content/uploads/2022/12/Ibiza-7-1024x682.jpg" alt=""><img class="two-col-grid-image one-2" src="https://metropolitan.realestate/wp-content/uploads/2022/12/Ibiza-8-1024x819.jpg" alt=""><img class="two-col-grid-image one-3" src="https://metropolitan.realestate/wp-content/uploads/2022/12/Ibiza-9.jpg" alt="">It will take about 15 minutes’ to reach an array of social facilities, such as academic facilities, hospitals, supermarkets, leisure venues and plenty more. These are as follows: Akoya NurseryFairgreen International SchoolMediclinic Parkview HospitalTrump International Golf ClubDubai Polo & Equestrian ClubDubai AutodromeCarrefour

Since the property in Ibiza costs over AED 2,000,000 (USD 545,000), you will have the opportunity to obtain a 10-year Golden Visa upon completion of the development. The visa will provide you with multiple perks, including sponsorship of domestic staff and your family, as well as an Esaad card, which you will be able to enjoy discounts across 7000+ brands.If you are interested in leasing your townhouse, you can calculate your approximate profit, taking into account indicators of the adjacent neighbourhood which has also been developed by DAMAC Properties; DAMAC Hills. According to Property Monitor, as of December 2022, villas/townhouses in this area generate a 5.39% ROI, while the starting rental price of a 4-bedroom townhouse amounts to AED 175,000 (USD 48,000) per annum.