4-Bedroom Back-to-Back Townhouse in DAMAC Lagoons Morocco Below Original Price

Property Overview

This is a four-bedroom back-to-back townhouse in the Morocco cluster of DAMAC Lagoons, offered as an off-plan resale at AED 2,600,000. The unit has a 2,280 sq ft built-up area on a 1,550 sq ft plot. It is priced AED 300,000, or 10.3%, below the agent-stated original price of AED 2,900,000, and the agent reports that 60% has been paid under a 60/40 plan.

Property Highlights

• Asking price: AED 2,600,000, stated by the agent as final
• Agent-stated original purchase price: AED 2,900,000
• Difference: AED 300,000, or 10.3% below the stated original price
• Built-up area: 2,280 sq ft
• Plot size: 1,550 sq ft
• Price per sq ft (built-up): approximately AED 1,140
• Bedrooms: 4
• Layout: back-to-back townhouse
• Payment plan: 60/40, with 60% paid according to the agent

Why the Price Qualifies as Below OP

The agent brief lists an original price of AED 2,900,000 and a selling price of AED 2,600,000. The difference is AED 300,000, and dividing that by the original price gives 10.3%, rounded to one decimal place.

Buyers should confirm the original price and the amount paid in the SPA and DAMAC statement of account before making an offer.

How the Payment Works

The agent states a 60/40 plan with 60% already paid. If both percentages apply to the AED 2,900,000 original price, about AED 1,740,000 has been paid and about AED 1,160,000 remains due to DAMAC, normally on handover. On that basis, a buyer would pay the seller roughly AED 1,440,000 and take over the remaining balance, plus transfer and NOC costs. These figures are DPF estimates and must be confirmed against the statement of account.

About the Project, Developer and Community

DAMAC Lagoons is a townhouse and villa community by DAMAC Properties off Hessa Street and Sheikh Mohammed Bin Zayed Road, organised into clusters themed on Mediterranean destinations. Morocco is one of these clusters. Buyers should confirm amenities, construction progress and the master plan with DAMAC directly.

Layout

The agent confirms a four-bedroom back-to-back townhouse, meaning the rear of the unit adjoins another townhouse rather than a garden or open space. The built-up area is 2,280 sq ft on a 1,550 sq ft plot, which is consistent with a multi-storey townhouse. Bathrooms, parking and view were not supplied.

Handover

No handover date was supplied with this brief. Some portal listings for Morocco suggest completion around the end of 2026, but this is not confirmed. Check the current date with DAMAC and in the SPA, because the remaining 40% is likely to fall due on handover.

Verification Notes

• Agent-supplied facts: cluster, layout, bedrooms, built-up area, plot size, payment plan, 60% paid, original price, asking price and final price.
• Calculated figures: the AED 300,000 difference, 10.3% discount, AED 1,140 per sq ft and the payment estimates above are DPF calculations.
• Not supplied: handover date, bathrooms, parking, view and unit number.