Four-Bedroom Single-Row Townhouse at Nice, DAMAC Lagoons — Below Market (Agent-Stated)

Property Overview

This is a single-row four-bedroom townhouse in the Nice cluster at DAMAC Lagoons by DAMAC Properties. The townhouse sits on a 1,550 sqft plot and is offered at AED 2,800,000, which the agent describes as below market price. It is submitted as a distress sale.

Property Highlights

• Type: 4-bedroom townhouse (single row)
• Plot size: 1,550 sqft
• Asking price: AED 2,800,000
• Rate: about AED 1,806 per sqft of plot (built-up area not supplied)
• Position: single row (agent-stated)
• Deal basis: below market price (agent-stated)
• Developer: DAMAC Properties
• Community: DAMAC Lagoons

Deal Basis and Benchmark

The agent describes the townhouse as below market price. No market figure, original purchase price, dated market comparison or DLD transaction was supplied, so DPF has not calculated a savings amount or discount percentage and does not state one; the below-market description rests on the agent's classification and has not been independently verified. No built-up area was supplied, so a built-up price per square foot could not be calculated; on the 1,550 sqft plot the asking price is about AED 1,806 per square foot of plot, which is not the same as a built-up-area rate.

About the Project, Developer and Community

Nice is a Mediterranean-themed townhouse cluster within DAMAC Lagoons, a large waterfront community by DAMAC Properties in the Dubailand corridor, built around lagoons and leisure amenities with connectivity via Sheikh Zayed Road and Hessa Street. The completion and handover status should be confirmed with DAMAC. Project specifications should be confirmed against the developer's official documentation.

Layout and Plot

The agent describes a single-row four-bedroom townhouse on a 1,550 sqft plot. The built-up area, exact internal layout, number of bathrooms, parking and orientation should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Verification Notes

• Agent-supplied facts: 4-bedroom single-row townhouse, plot size (1,550 sqft), asking price (AED 2,800,000), and a below-market description.
• DPF-calculated figure: price per plot square foot (about AED 1,806). No built-up area was supplied, so no built-up price per square foot.
• No benchmark figure supplied: no market price, original purchase price or dated comparable, so no savings amount or percentage is calculated or stated. The below-market description is the agent's classification and is not DPF-verified.
• External project research: Nice is confirmed as a DAMAC townhouse cluster at DAMAC Lagoons; unit-specific facts and the completion status were not independently verified.