3 bedroom Apartment for sale in The Lagoons, Dubai

Sale Price: AED3,356,888

The Lagoons, Dubai

Apartment
3 Bed(s)
2 Bath(s)
Available

 
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 P.O. Box 124585, Al Manara Tower, Office 1913, Business Bay, Dubai
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Street Address

The Lagoons, Dubai

Property description

* Creek view

* The historical Dubai Creek

* Nature’s Own Sanctuary

* Responsible development

* Expanding the City

* Connected Districts

* An Island Getaway

* Wonderful Venetian

* The Urban Core

* A Couture Capital

For Inquiries, please call Fettouma :
Mobile 1: +971 50 917 9523
Mobile 2: +971 50 359 6079
Phone : +971 4 360 5561
Email : fettouma@mpd.ae
www.mpd.ae
RERA : 32277

About Dubai Creek Residence:

* Master Community: The Lagoons

* Property Types Available: Apartments

* Location: Al Khail Road, Ras Al Khor Road

* Status: Under Construction

* Year Launched: 2014

* Estimated Completion Date: December 2018

* Developer: Emaar

* Title Type: Freehold

* Quality Classification: Luxury

* Life Cycle: Under Construction

* Special Classification: Water-front Community

* Under Construction Buildings: 6

* Under-Construction Apartments: 922

Luxury, iconic project launched in three phases between November 2014 and January 2015. Construction on site has commenced.

In October 2014, Emaar announced its plans to launch the first residential complex within the re-designed The Lagoons master-development.

This project is similar to some of its other developments in other parts of Dubai such as the First Six Towers, Marina Promenade and The Residences in Downtown Burj Dubai.

There are a total of 6 towers, two of which are 40 storeys tall and will contain 1, 2 and 3 bedroom units with sizes ranging from 880 - 2,154 q. ft.

The launch of the project is on first come first serve basis on November 1st, 2014 to be held in Dubai, Abu Dhabhi, London and Moscow.

Amenities:

* 24-hour Front Desk

* 24-hour Security

* Children's Playroom / Play area

* Multi-purpose room

* Play area

* Squash Court

* Swimming Pool

About The Lagoons:

* Property Types Available: Villas, Townhouses, Apartments, Offices, Hotels, Hotel Serviced Apartments

* Location: Al Khail Road

* Status: Under Construction, Proposed

* Year Launched: 2006

* Developer: Dubai Holding

* Title Type: Freehold

* Life Cycle: Under Construction

In 2006, Sama Dubai, the real estate investment arm of Dubai Holding announced the launch of The Lagoons - a mega project located along Ras Al Khor Road covering some 70 million sq. ft. of land. The freehold project initially had a goal of developing 50% of the project by Sama Dubai itself, while the remaining 50% of sellable land (as per masterplan) would be sold to investors allowing them to launch projects within the community's bylaws (much like what we have witnessed in Dubai Marina and Business Bay). The project's land also includes the Ras Al Khor bird sanctuary which would remain a protected wildlife area. The overall masterplan called for a total of about 100 residential towers spread over 7 islands.

In May & June 2006: Sama Dubai began selling plots to developers in Phase 1 & 2 of the project.

In November 2006: Sama Dubai announced the launch of the Dubai towers (also known as the Dancing Towers) which were a group of four towers ranging between 54 and 97 floors. This project was set to be the stand-out development of The Lagoons but was put on-hold after the 2009 real estate crash. As we understand, this project is now cancelled and will be re-designed.

Between 2006 & 2008: The Lagoons basic infrastructure began to take shape but always lagged behind the timelines set by the master-developer. The project never gained enough traction, even though some developers began announcing projects within the community (which for the most part were sold out). In mid-2008, senior Sama Dubai executives were indicted on corruption charges.

After the real estate crash of late 2008, Sama Dubai announced large scale redundancies and pulled back the overall project. Many investors who had already purchased properties within the community (both through Sama projects and with private developers) were left in limbo. Starting in 2010, some investors were able to get back their money after a 30% deduction. Other investors were relocated to other continuing projects in Dubai by means of credit notes. In essence the overall project was cancelled.

In 2013: Dubai Holding & Emaar Properties announced their intention to revive the project. The masterplan of the community has since been redrawn.

In October 2014, Emaar Properties announced the launch of the first project in the community - The Dubai Creek Residence, which is part of the island that will now be known as the Dubai Creek Harbour.

Also in October 2014, Emaar Properties & Dubai Holdings announced a plan to launch the world's tallest twin towers within The Lagoons project.

Positives:

* Mega project: larger than Business Bay in land size.

* Will take advantage of the creek and wild-life preserve.

* Close to business districts and the Dubai Airport.

Company name: Metropolitan Premium Properties
RERA ORN: nikita
Address: office 1913, Al Manara Tower, Bussines Bay, Dubai- UAE
Office phone no: +971 503596079
Office fax no: +971 4 360 5561
Primary email: info@mpd.ae
Website: www.mpd.ae
Company Profile: Metropolitan is a group of companies located in the very center of Dubai’s downtown. The group consists of the following; Property Agencies, Legal Companies and a number of other structural subdivisions. Metropolitan Premium Properties successfully acquires, sells, rents and leases the living and commercial property. Since becoming established in November 2012 the company can boast of having already gained enormous popularity not only among private customers, but also within the Real Estate market professional participants, such as large international builders, investment companies and broker companies but to name a few.The Base of our Portfolio comprises of more than 1200 variants in sales and leases for secondary the UAE’s market and inconceivable base, consisting of more than 6000 projects, for Primary market. All of which becomes possible with an individual and tailored approach to each client and the orientation upon the permanent growth and perfection of the service quality. We are an existing member of CIPS.