4-Bedroom Single-Row Off-Plan Townhouse in Nice, DAMAC Lagoons — Below-Market Distress Sale

Property Overview

This is an off-plan four-bedroom single-row townhouse in the Nice cluster of DAMAC Lagoons, a Mediterranean-themed waterfront community by DAMAC Properties adjacent to DAMAC Hills, Dubai. With a stated size of 1,550 sq ft, it is offered as a below-market distress sale at AED 2,800,000 — AED 200,000 below the stated market benchmark of AED 3,000,000, about 6.7% lower, at an indicative AED 1,806 per sq ft.

Property Highlights

• Off-plan four-bedroom single-row townhouse in Nice, DAMAC Lagoons
• Stated 1,550 sq ft (compact for a 4-bedroom; to be confirmed)
• Priced AED 200,000 (about 6.7%) below the stated AED 3,000,000 market benchmark
• French-Riviera-themed cluster with skate park, bicycle trails and green spaces
• Asking price of AED 2,800,000 (approximately AED 1,806 per sq ft)

Deal Classification and Pricing

This is a distress listing classified as Below Market, supported by a supplied market benchmark of AED 3,000,000 for comparable DAMAC Lagoons four-bedroom townhouses. Against the AED 2,800,000 asking price, this represents:

• Savings amount: AED 200,000
• Savings versus the market benchmark: about 6.7%
• Indicative rate: approximately AED 1,806 per sq ft, based on the stated 1,550 sq ft size

The benchmark's basis — whether a comparable transaction, a listing average or a valuation — along with its source and date, should be confirmed and recorded on DPF's evidence file before publishing. The agent markets the townhouse as a "distress - below market" sale and a "single row" unit — agent-supplied claims to be verified against current comparable transactions and the unit's actual position.

Layout and Size

The brief describes a four-bedroom townhouse of 1,550 sq ft, marketed as single row. This size is at the compact end for a DAMAC Lagoons four-bedroom townhouse, where such homes generally range from about 1,600 to 2,300 sq ft, so the built-up area (and whether the figure is BUA or plot) should be confirmed. Bathroom count, parking, plot size, view and furnishing were not supplied and should be confirmed. To keep this listing accurate, no unit-specific details beyond those supplied and standard project features have been added.

About DAMAC Lagoons, Nice and DAMAC

DAMAC Lagoons is a 45 million sq ft Mediterranean-inspired waterfront community by DAMAC Properties, adjacent to DAMAC Hills, organised into themed clusters such as Nice, Portofino, Santorini, Costa Brava, Malta, Venice, Morocco and Marbella around crystal lagoons and sandy beaches. Nice, inspired by the French Riviera, is the community's Youth Hub, featuring skate parks, bicycle trails and open green spaces, alongside shared amenities such as a floating cinema, wave pools, water sports, a clubhouse, beachfront cafes, a zen garden, a fishing pond and a dog park. The community sits off Hessa Street with access to Al Khail Road and Sheikh Mohammed Bin Zayed Road. The Nice cluster's handover was estimated around 2024-2025.

Payment and Handover

This is an off-plan resale, so the buyer takes over the seller's position subject to DAMAC's transfer process and the signed SPA. DAMAC Lagoons has been offered on plans such as 50/50 and 20/60/20; the amount paid to date, outstanding balance, transfer fees and the current completion status should be confirmed, as the Nice cluster may be at or near handover.

Location and Connectivity

DAMAC Lagoons sits in Dubailand off Hessa Street, near Al Khail Road and Sheikh Mohammed Bin Zayed Road, adjacent to DAMAC Hills. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: four-bedroom single-row townhouse, stated 1,550 sq ft, off-plan, AED 2,800,000 asking price and an AED 3,000,000 market benchmark.
• Deal classification: Below Market, supported by the supplied benchmark. Calculated by DPF: savings of AED 200,000 (about 6.7%) and an indicative AED 1,806 per sq ft. The benchmark's basis, source and date should be logged before publishing.
• Size: 1,550 sq ft is at the compact end for a 4-bedroom townhouse here; confirm the built-up area.
• Status: off-plan per the brief, but the Nice cluster's estimated 2024-2025 handover means it may be at or near completion; confirm.
• Researched project facts: developer (DAMAC Properties), DAMAC Lagoons and Nice cluster themes, amenities and handover were taken from DAMAC/market sources.
• The agent's "Distress - Below Market | Single Row" statement is preserved as an attributed agent marketing claim; DPF's calculation against the supplied benchmark is AED 200,000 (about 6.7%).