DAMAC Properties, the leading luxury property developer in the UAE, is currently constructing an exclusive community, DAMAC Lagoons, which includes eight themed clusters. Among these clusters, Venice phase 5 in DAMAC Lagoons offers a unique living experience. The anticipated handover date for the entire community is October 2024, promising a luxurious lifestyle in one of Dubai’s most sought-after locations.
The Venice phase 5 cluster in DAMAC Lagoons offers opulent standalone villas with 6-7 bedrooms that take inspiration from the charming Italian city of Venice. The villas are available in a range of sizes, starting from 3,367 sq. ft and going up to a whopping 18,217 sq. ft, providing ample space for luxurious living. These magnificent properties are available for both local and international investors to purchase on a freehold basis.
The expansive and lavish villas in Venice phase 5 cluster boast breathtaking panoramic vistas of the serene lagoons, while their magnificent monochromatic architecture draws inspiration from the renowned Italian city. The interiors of these residences exude opulent Italian luxury, with black and gray marble features enhancing their elegance. The use of subtle green and gray hues, indirect lighting, and wood panels further heighten the luxurious living experience, creating an atmosphere of sublime comfort.
Indulge in a life of convenience and accessibility with the Venice phase 5 cluster in DAMAC Lagoons, situated in the sought-after location of Dubai Golf City. This exclusive community boasts easy accessibility to major roadways such as Sheikh Zayed Bin Hamdan Al Nahyan Street, Emirates Road, Jebel Ali – Ali Hibab Road and Hessa Street, making commuting a breeze. Surrounding areas include Tilal Al Ghaf, DAMAC Hills, Remraam, Studio City, Dubai Investments Park and Jumeirah Golf Estates.
Category | Floor Details | Sizes | Type |
6 Bedroom | Unit Type LV-3E | 4572.00 Sq Ft | Villa |
6 Bedroom | Unit Type LV-4E | 4066.00 Sq Ft | Villa |
6 Bedroom | Unit Type V1000 | 24752.00 Sq Ft | Villa |
6 Bedroom | Unit Type V55 | 10991.00 Sq Ft | Villa |
7 Bedroom | Unit Type V75 | 17528.00 Sq Ft | Villa |
7 Bedroom | Unit Type VD1 | 10672.00 Sq Ft | Villa |
Installment | Payment | Milestone |
Down Payment | 20% | On Booking Date |
1st Installment | 5% | Within 3 months from booking date |
2nd Installment | 5% | Within 6 months from booking date |
3rd Installment | 5% | Within 9 months from booking date |
4th Installment | 5% | Within 12 months from booking date |
5th Installment | 5% | Within 15 months from booking date |
6th Installment | 5% | Within 18 months from booking date |
7th Installment | 5% | Within 21 months from booking date |
8th Installment | 5% | Within 24 months from booking date |
9th Installment | 5% | Within 27 months from booking date |
10th Installment | 5% | Within 30 months from booking date |
11th Installment | 5% | Within 33 months from booking date |
12th Installment | 2% | On 70% of Villa Completion |
13th Installment | 2% | On 80% of Villa Completion |
14th Installment | 1% | On 90% of Villa Completion |
15th Installment | 20% | On Completion |
There is a 20% down payment at Venice phase 5 at DAMAC Lagoons.
Venice phase 5 DAMAC Lagoons comprises 6 and 7 bedroom luxury villas for sale.
A. The completion date of Venice phase 5 DAMAC Lagoons is Q4 2025.
Damac Lagoons is renowned for offering a serene way of life, coupled with an array of options in villa homes and townhouses. Homeowners at the Venice cluster can relish the abundant amenities of DAMAC Lagoons, such as a floating cinema, yoga centers, beaches, F&B outlets, The Half hub, a water-integrated amphitheater, and more, making it a smart investment opportunity.