5BR Corner Townhouse in Morocco 2, Damac Lagoons at AED 3,860,000 - 4.2% Below OP, Near Handover

Property Overview

A 5-bedroom corner townhouse in Morocco 2, Damac Lagoons at AED 3,860,000. The original purchase price was AED 4,030,000, representing a saving of AED 170,000 (4.2%). The agent states a size of 2,363 sqft. Near handover with Q4 2026 target.

Property Highlights

• Type: 5-bedroom corner townhouse
• Agent-stated size: 2,363 sqft
• Asking price: AED 3,860,000
• Original price: AED 4,030,000
• Saving: AED 170,000 (4.2%)
• Rate (agent-stated area): AED 1,633 per sqft
• Configuration: Corner unit
• Handover: Q4 2026

Size Clarification

The agent states 2,363 sqft. Published floor plans for 5BR corner townhouses in the Morocco cluster show a built-up area (BUA) of approximately 3,468 sqft with a plot area of 2,364 sqft. The agent's figure matches the plot size almost exactly (1 sqft difference). If the BUA is 3,468 sqft, the effective price per sqft is AED 1,113 rather than AED 1,633. Buyers should confirm which measurement the 2,363 sqft represents.

Below OP Analysis

The agent states the price was reduced from AED 4,030,000 to AED 3,860,000, a discount of AED 170,000 (4.2%). The launch price for 5BR townhouses in Morocco was AED 3,995,000 per Property Finder. The stated OP of AED 4,030,000 is consistent with the launch price plus minor add-ons. Including the 4% DLD fee on the original purchase (approximately AED 161,200), the seller's total loss is approximately AED 331,200.

Market Comparison

Active resale listings for 5BR Morocco townhouses range from AED 3.8M to AED 4.5M. A corner 5BR unit was listed on Property Finder at AED 4,499,900. At AED 3,860,000, this listing sits at the lower end of the resale market.

Corner Unit

Corner townhouses in Damac Lagoons offer wider frontage, more natural light and a larger plot compared to mid-row units. The 5BR corner layout at 2,364 sqft plot is larger than mid-unit plots. Corner units are consistently highlighted as premium features in listings.

About Morocco 2

Morocco 2 is the second release within the Moroccan-themed cluster of Damac Lagoons. It launched in September 2023 and features townhouses inspired by Moroccan architecture. The cluster includes meditation parks and tranquility-themed green spaces.

About Damac Lagoons

Damac Lagoons is a 45-million-sqft master-planned community by Damac Properties in Dubailand, off Hessa Street between Dubai Sports City and Global Village. The community contains 12 or more themed clusters arranged around crystal lagoons, with amenities including artificial beaches, a 1.5 km lazy river (planned), water sports hub, swimming pools, gymnasium, mini golf, observatory, retail village and 24-hour security.

Handover Note

The agent states Q4 2026. Property Finder, Bayut and Metropolitan confirm this target. However, Damac's recent handovers have averaged 6 to 12 months behind stated dates. Some Morocco corner unit listings show Q2 2027. Buyers should verify current construction progress and expected handover date.

Verification Notes

The asking price, OP, corner configuration and Q4 2026 handover are from the agent brief. The 2,363 sqft likely represents plot area rather than BUA (published BUA for 5BR corner units is 3,468 sqft). The 4.2% discount and AED 170,000 saving are verified (4,030,000 minus 3,860,000). Buyers should confirm BUA, handover date and remaining payment schedule.