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Hello everyone. Apartments from AED 1,304,000 in a Mediterranean themed community in Dubai where homes and offices sit on the same site. Today, DAMAC Properties by Valencia is what we are looking at today!
For prices, taxes and the whole buying process, see our guide: Dubai Property Guide
Apartment types, current price range and location: see the project page
Valencia is part of DAMAC Lagoons District, inside the DAMAC Lagoons community. The District is a mixed use section: it holds both residential and office units on the same site. DAMAC Lagoons itself is a large masterplan in Dubai’s interior, laid out around lagoons and drawing on Mediterranean towns.
Prices
- Apartments: AED 1,304,000and up
- Studio, one and two bedroom apartments alongside office units
- Apartment size: 45 m²and up
- Completion: Third quarter of 2029
- Developer: DAMAC Properties
- Address: DAMAC Lagoons, Dubai
DAMAC Propertiesis one of the largest private residential developers in Dubai. It is known for its collaborations with brands such as Cavalli, Versace and Chelsea FC. The company has a scheme in London too; Damac Tower Nine Elms on our site is one of them.
Why Valencia?
The argument here is budget and flexibility. AED 1.3 million is a sensible level at which to enter a new masterplan community in Dubai. Having offices on the same site appeals to tenants who work from home or run a small business, and that widens the tenant pool.
- Aster Medical Centre 9 minutes away
- Mediclinic Parkview Hospital 12 minutes
- NMC Royal Hospital 19 minutes
- Radisson Dubai and Studio One Hotel are nearby accommodation options
- Motorway link towards Al Maktoum Airport
Daily life
DAMAC Lagoons is a community laid out around lagoons and water routes. Wellness facilities, places to eat and commercial units for everyday needs are planned within the area. It offers a flatter, calmer fabric than the tower heavy districts of Dubai.
Rental yield and tenant profile
The tenant profile is middle income professionals and small families. Studios and one bedroom apartments are the most liquid segment of the Dubai rental market; void periods are short. No income tax is charged on rental income in Dubai, and that narrows the gap between gross and net markedly compared with England.
Communal areas and specification
- Wellness facilities
- Places to eat and entertainment areas
- Social meeting points
- Lagoons and water routes
- Office units on the same site
- Commercial units for everyday needs
Who is buying?
Investors who want to step into Dubai on an entry budget, and anyone looking for a unit that appeals to a tenant working from home. The long payment plan also suits those who want to spread the deposit.
Total cost: what you actually pay when you buy at Valencia
There is no stamp duty in Dubai; its equivalent is the Land Department (DLD) transfer fee of 4% of the sale price. The table below is indicative, based on the entry price.
| Item | Amount |
|---|---|
| Property price | AED 1,304,000 |
| Land Department transfer fee (DLD, 4%) | AED 52,160 |
| Registration and administration fees | about AED 4,200 |
| Approximate total | AED 1,360,360 |
With a loan there are mortgage registration and bank charges, and if you let the property, management commission. For purchases on the United Kingdom side, use our purchase cost calculator page.
What to Check Before You Decide
- Completion is in 2029; no rental income begins during the payment plan.
- DAMAC Lagoons is a masterplan of many phases; there will be construction around for years.
- The area is not on a metro line; transport depends largely on a car.
- Settle the service charge figure before purchase.
- On off plan purchases, check the payment plan and the completion guarantees in the contract.
How does Valencia compare with the alternatives?
- Lagoon Views: in the same community, completing in 2027 and with a lagoon view.
- ELO 3: a similar budget in DAMAC Hills 2, in an area dense with schools.
- Skyterraces: by Binghatti, at a lower entry budget.
We can work out together which project fits your goal, judged on budget, intended use and exit plan. We can also compare the areas of Dubai that fit your budget on yield and completion date.
Answers to the most common questions on this topic: Can You Buy Property in Dubai in Instalments? How Payment Plans Work
