Spacious 5-Bedroom Off-Plan Townhouse in the Nice 1 Cluster, DAMAC Lagoons — Below Market

Property Overview

This is a spacious off-plan five-bedroom townhouse in the Nice 1 cluster of DAMAC Lagoons, a Mediterranean-themed waterfront community by DAMAC Properties near DAMAC Hills, Dubai. Measuring 2,364 sq ft, it is offered as a below-market sale at AED 3,550,000, or about AED 1,502 per sq ft. Handover is scheduled for Q3 2026. Note: the brief lists it as a villa, but Nice five-bedroom units are townhouses (see below).

Property Highlights

• Off-plan five-bedroom townhouse in Nice 1, DAMAC Lagoons
• 2,364 sq ft (a 4-bedroom layout plus a fifth bedroom/playroom on the terrace)
• French-Riviera-themed cluster with skate park, bicycle trails and green spaces
• Access to crystal lagoons, beaches and community amenities
• Asking price of AED 3,550,000 (approximately AED 1,502 per sq ft); handover Q3 2026

Deal Classification and Pricing

This is a distress listing classified as Below Market on the agent's and DPF operator's assessment. Against the size of 2,364 sq ft, the asking price works out to about AED 1,502 per sq ft. A specific dated market comparable was not included in the written brief and is to be recorded on DPF's evidence file; a specific savings percentage is therefore not stated. The agent markets it as "below market" and a "spacious 5BR" — agent-supplied claims to be verified against current comparable transactions.

Property Type Clarification

The brief lists the property type as a villa. However, DAMAC Lagoons' Nice cluster consists of three to five-bedroom townhouses, where a five-bedroom is typically a four-bedroom layout with an additional fifth bedroom or playroom on the terrace; standalone villas at DAMAC Lagoons are six and seven-bedroom homes in other clusters. The cluster is sometimes marketed as "Nice Villas," which is likely the source of the villa label. The property type has been recorded as a townhouse; the exact type and size should be confirmed.

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, Morocco and Venice 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, with a signature D-shaped lagoon (Lazy River). The community sits off Hessa Street with access to Al Khail Road and Sheikh Mohammed Bin Zayed Road.

Layout and Handover

The brief describes a spacious five-bedroom townhouse of 2,364 sq ft. Bathroom count, parking, plot size, view and furnishing were not supplied and should be confirmed. This is an off-plan resale; the buyer takes over the seller's position via DAMAC's transfer process and the signed SPA, with handover scheduled for Q3 2026. The amount paid to date, outstanding balance and transfer fees should be confirmed.

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: five-bedroom home (listed as villa), 2,364 sq ft, off-plan, AED 3,550,000 asking price and a Q3 2026 handover.
• Deal classification: Below Market per the operator; no comparable supplied, so no savings percentage is stated.
• Type: corrected from 'Villa' to Townhouse, as Nice 5-bedrooms are townhouses; confirm.
• Calculated by DPF: an indicative AED 1,502 per sq ft from the asking price and stated size.
• Duplicate check: distinct from the earlier Nice 4-bedroom townhouses (1,550 sq ft, AED 2.8M and 3M); this is a 5-bedroom of 2,364 sq ft at AED 3.55M, a separate unit.
• Researched project facts: developer (DAMAC Properties), Nice cluster 3-5 bedroom townhouse configurations, amenities and handover were taken from DAMAC/market sources.
• The agent's "Below Market | Spacious 5BR Villa | DAMAC Lagoons" statement is preserved as an attributed agent marketing claim.