LV1000 Villa in Morocco, DAMAC Lagoons at Original Price

Property Overview

This LV1000 villa in the Morocco cluster of DAMAC Lagoons is offered at AED 33,900,000. That is the same as its stated original purchase price. The agent states a built-up area of 25,475 sq ft on a 22,850 sq ft plot. That works out to about AED 1,331 per sq ft of built-up area.

Property Highlights

• Property type: Villa (type LV1000, agent-stated)
• Built-up area: 25,475 sq ft (agent-stated)
• Plot size: 22,850 sq ft (agent-stated)
• Asking price: AED 33,900,000
• Original purchase price: AED 33,900,000 (agent-stated)
• Calculated rate: about AED 1,331 per sq ft of BUA
• Bedrooms: not supplied

Why This Is Listed as an At-OP Deal

The asking price equals the agent's stated original price of AED 33,900,000. The buyer pays no premium over OP, and there is no discount below it. When the original buyer purchased the villa, they would also have paid a Dubai Land Department fee. At the standard 4% rate, that fee is about AED 1,356,000, and the seller does not recover it at this price. This DLD figure is a DPF calculation, not taken from the seller's paperwork.

Buyers should confirm the original price on the SPA. They should also budget for their own transfer costs on a transaction of this size, including the DLD fee, DAMAC's NOC fee and agency fees.

About the Project, Developer and Community

Morocco is a cluster within DAMAC Lagoons, the DAMAC Properties master community in Dubailand that is themed on Mediterranean destinations. Published project information describes the homes and amenities as follows:

• Homes range from 4- and 5-bedroom townhouses to 6- and 7-bedroom villas.
• Amenities include pools, gyms, running tracks, children's play areas, barbecue areas and retail.
• Completion is targeted for Q4 2026.

DAMAC Lagoons is built around crystal lagoons, beaches and waterfront leisure.

Layout and Plot

The agent states a 25,475 sq ft built-up area on a 22,850 sq ft plot, with the villa type given as LV1000. This is considerably larger than the villa sizes published for the Morocco cluster. The brief does not give the number of bedrooms, number of floors, bathrooms or parking. Before relying on the size or price per square foot, buyers should confirm all of these, along with the villa type, from the SPA, floor plans and site plan.

Payment Status and Handover

The brief does not state a handover date, payment plan or amount paid. Published project information shows a Q4 2026 completion target for Morocco. Buyers should confirm the current status, amount paid, outstanding balance and any handover payment from the SPA and DAMAC statement of account.

Location and Connectivity

DAMAC Lagoons lies off Sheikh Mohammed Bin Zayed Road (E311) in Dubailand, near Motor City and Arabian Ranches. Travel times vary with traffic and route.

Verification Notes

• Agent-supplied facts: Morocco cluster, LV1000 type, 25,475 sq ft BUA, 22,850 sq ft plot, OP and asking price of AED 33,900,000.
• DPF-calculated figures: about AED 1,331 per sq ft of BUA; estimated 4% DLD of about AED 1,356,000.
• External project research: developer, unit types, amenities and completion target from published project information.
• Not verified: bedroom count, villa type definition, floors, amount paid, handover status, bathrooms and parking.