4 Bedroom Single-Row Townhouse in Nice, DAMAC Lagoons, Below Market

Property Overview

This four-bedroom single-row townhouse in the Nice cluster of DAMAC Lagoons is offered as a distress sale at AED 2,800,000. The agent describes it as below market and cites an actual price of AED 3,000,000, which puts the asking price AED 200,000 or 6.7% lower. The agent lists a built-up area of 1,550 sq ft.

Property Highlights

• Property type: Townhouse
• Bedrooms: 4
• Built-up area: 1,550 sq ft (agent-stated)
• Position: Single row (agent-stated)
• Asking price: AED 2,800,000
• Agent-cited actual price: AED 3,000,000
• Gap vs cited price: AED 200,000 (6.7%)
• Price per sq ft: approx. AED 1,806 (calculated)
• Developer: DAMAC Properties

Why the Price Qualifies as Below Market

The agent states the townhouse is priced below market, with an actual price of AED 3,000,000. Against that figure, the AED 2,800,000 asking price is AED 200,000 or 6.7% lower.

Calculation

• AED 3,000,000 minus AED 2,800,000 = AED 200,000
• AED 200,000 / AED 3,000,000 = 6.7% below the cited price
• AED 2,800,000 / 1,550 sq ft = approx. AED 1,806 per sq ft

The brief does not say whether the AED 3,000,000 figure is the original purchase price or a current market price, and no source or date was supplied. Buyers should request the SPA and recent comparable transactions for Nice townhouses.

About the Project, Developer and Community

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

Layout and Position

The agent confirms a four-bedroom single-row townhouse with a 1,550 sq ft BUA. Plot size, bathroom count, parking and orientation were not supplied and should be confirmed from the SPA and floor plan, including whether the 1,550 sq ft figure is the full built-up area.

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, four bedrooms, 1,550 sq ft BUA, single row, asking price AED 2,800,000 and actual price AED 3,000,000.
• Calculated by DPF: gap against the cited price and price per sq ft.
• External context: developer and community overview.
• Not supplied: nature and source of the AED 3,000,000 figure, plot size, completion status, bathrooms, parking, payment plan, handover date and service charge.