Reminiscent of the French Riviera, Monte Carlo is the ninth phase of the ever popular DAMAC Lagoons community by DAMAC Properties. The new project was presented in Q4 2022 and offers a selection of cozy 2 and 3-storey townhouses in 4 and 5 bedroom configurations.
The beautifully crafted properties will be designed to provide the utmost comfort and convenience
thanks to a carport, a maid's room, a garden, balcony, 1 or 2 terraces, a storage/laundry room, a patio and other key amenities. At the same time, the interiors of the Monte Carlo townhouses will be complemented with bright white walls, high ceilings, double-height windows and sleek wooden features, all of which will aim to create a sophisticated look.
The Aqua Opera School House pavilion, which will host performances by some of the world's leading singers and musicians.
The Vintage Car Museum, which will display a bespoke collection of classic European and American cars.
The board game casino pavilion will become a favourite offering for the little ones, with exotic board and card games from across the world.
Bringing the vibes of the glamorous resort, Monte Carlo at DAMAC Lagoons will house multiple unrivalled leisure amenities. These are as follows:
The initial acquisitioncost for a property in Monte Carlo is AED 1,900,000 (USD 517,000).
Thanks to the convenient location of Monte Carlo in DAMAC Lagoons that sits next to the junction of Sheikh Zayed Bin Hamdan Al Nahyan Street and Hessa St
many coveted Dubai addresses will be within easy reach for potential occupants. For instance, it will take a maximum of 35 minutes’ by car to get to Dubai Marina, DIFC, Downtown Dubai, Dubai International Airport, Al Maktoum International Airport and more. Currently, the entire DAMAC Lagoons neighbourhood is in the process of development, therefore, there are no public transport stations within the immediate vicinity of Monte Carlo yet.
to Dubai International Airport
Trump International Golf Club, Dubai
Essential Facilities Nearby
Jebel Ali School Fairgreen International School Mediclinic Parkview Hospital Creakids Nursery Akoya Nursery Carrefour Trump International Golf Club, Dubai Dubai Polo & Equestrian Club
If you are planning to buy a townhouse in Monte Carlo to rent out, and are keen to find out the approximate income, it is worth taking a look at the indicators in DAMAC Hills, which is located nearby.
When living in Monte Carlo, you will be treated to a myriad of world-class resort-like amenities, which will be perfect for the entire family. In addition, you will have full access to various offerings across the other DAMAC Lagoons communities, including Santorini, Costa Brava and Malta, among others. That being said, the master plan includes an AR nature island, waterside cafes, an Aqua Wall for climbing, fashion and art boutiques and much more.
According to Property Finder, as of Q4 2022, completed townhouses in 4-bedroom configurations in this neighbourhood generate an average gross yield of 10.2%, which is a very high indicator. The starting rental price, meanwhile, amounts to AED 195,000 (USD 53K) per annum.
Additionally, once Monte Carlo is fully ready, you will be able to apply for a 3-year investor visa via the Taskeen Programme. In this case, the minimum qualifying amount constitutes AED 750,000 (USD 205,000). At the same time, real estate investments valued at AED 2,000,000 (USD 545,000) enable you to obtain a 10-year Golden Visa, with the help of which you can bring not only your family, but also, domestic staff, an advisor and an executive to the UAE.
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