4 Bedroom Townhouse in Morocco 2, DAMAC Lagoons, Below OP

Property Overview

This four-bedroom townhouse in Morocco 2, DAMAC Lagoons, is offered as a distress resale at AED 3,100,000 against an agent-stated original purchase price of AED 3,164,000, which is AED 64,000 or 2.0% below OP. The townhouse has a built-up area of 1,711.06 sq ft, approximately AED 1,812 per sq ft.

Property Highlights

• Property type: Townhouse
• Bedrooms: 4
• Built-up area: 1,711.06 sq ft
• Asking price: AED 3,100,000
• Original purchase price: AED 3,164,000 (agent-stated)
• Saving vs OP: AED 64,000 (2.0%)
• Price per sq ft: approx. AED 1,812 (calculated)
• Developer: DAMAC Properties

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 3,164,000 and an asking price of AED 3,100,000. The difference is AED 64,000, which is 2.0% of the original price.

Calculation

• AED 3,164,000 minus AED 3,100,000 = AED 64,000
• AED 64,000 / AED 3,164,000 = 2.0% below OP
• AED 3,100,000 / 1,711.06 sq ft = approx. AED 1,812 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

About the Project, Developer and Community

Morocco is a townhouse cluster within DAMAC Lagoons, DAMAC Properties' Mediterranean-themed master community off Sheikh Mohammed Bin Zayed Road near DAMAC Hills. Each cluster takes its theme from a Mediterranean destination, and the community is planned around crystal lagoons, beach areas and landscaped parks.

Layout

The agent confirms a four-bedroom townhouse of 1,711.06 sq ft. Plot size, bathroom count, parking, row position and orientation were not supplied and should be confirmed from the SPA and floor plan.

Completion, Payment Plan and Handover

The agent brief did not state the completion status, payment plan, amount paid or handover date. Buyers should confirm whether the unit is ready or off-plan, any balance payable to DAMAC, the handover date and DAMAC's resale NOC requirements.

Location and Connectivity

DAMAC Lagoons sits off Sheikh Mohammed Bin Zayed Road, with road connections towards Dubai Hills Estate, Al Barsha, Dubai Marina and Al Maktoum International Airport. Travel times depend on traffic and the unit's position within the community.

Verification Notes

• Agent-supplied facts: cluster and phase, four bedrooms, 1,711.06 sq ft BUA, OP AED 3,164,000 and asking price AED 3,100,000.
• Calculated by DPF: savings amount, savings percentage and price per sq ft.
• External context: developer and community overview.
• Not supplied: plot size, completion status, bathrooms, parking, payment plan, handover date and service charge.