Lagoons District: DAMAC unveils Dubai’s ultimate 24/7 waterfront destination
Valencia Residences and Piazza Roma Offices redefine live-work-play concept
DUBAI – DAMAC Properties, the UAE and Middle East’s largest private real estate developer, has officially launched the Valencia residences and Piazza Roma offices as part of its DAMAC Lagoons District, a lifestyle-led, multi-use community designed for modern urban living.
The district, unveiled at a spectacular event at Coca-Cola Arena, is a 24/7 live-work-play destination anchored by DAMAC Mall and activated by water, culture, and community.
Amira Sajwani, Managing Director of DAMAC Properties, said: “DAMAC Lagoons District is our next step in building a community that optimises life. We’re bringing together two powerful ideas of waterfront wellbeing and a high-energy urban district, so residents and professionals can spend less time commuting and more time living. Valencia and Piazza Roma reflect a more human, more walkable Dubai: one where the best of the city is just minutes away.”
DAMAC Lagoons District
Located in Dubailand, Lagoons District is designed around decentralised cores, prioritising integrated, sustainable community planning. Its layout aims to reduce travel distances, integrating home, work, retail, wellness, and community spaces within a short walk. Working parents could reclaim up to 20% more daily time thanks to proximity to essential amenities.
The district offers fast connectivity to major Dubai destinations: eight minutes to DAMAC Mall, 10 minutes to Saudi German Clinic, 17 minutes to Trump International Golf Club, 19 minutes to Global Village, and 30 minutes to Al Maktoum International Airport.
Lifestyle features
At the heart of the district is a human-centric public realm supporting day-to-night energy. Key attractions include an Interactive Digital Boardwalk with LED paving, smart benches, and responsive art; a Floating Digital Art Gallery with projection-based displays across the lagoon; and Smart Pop-Up Retail Capsules that evolve weekly.
A Mall-to-Lagoon Experience Bridge provides a sensory transition with sound, scent, and visuals, leading to a Flamenco Stage featuring sculptural lighting, professional flooring, and acoustics for live performances. Wellness is integral, with an Aqua Gym featuring submerged fitness stations, resistance zones, and water-based circuits, alongside outdoor yoga and spa areas cooled by a climate-smart water canopy.
Valencia Residences
Valencia brings Mediterranean-inspired lagoon living into the heart of the district, blending social spaces, wellness zones, and Italian-style lounges.
The architecture emphasises artisanal décor, rustic textures, and soft lighting to create a coastal-inspired retreat.
- Studio apartments start from Dh 725,000
- One-bedroom apartments from Dh 1.30 million
- Two-bedroom apartments from Dh 1.84 million
- Building specification: G+2P+13F, 779 units
Piazza Roma Offices
Piazza Roma introduces workplaces within a short walk of retail, leisure, and the lagoon’s wellness ecosystem.
Designed for modern businesses, the offices focus on experience-led, talent-friendly environments within an integrated community.
- Office sizes range from 1,564.17 to 3,167.84 sq ft (145.31–294.30 sqm)
- Average ticket price: Dh 7.4 million
- Building specification: 1B+LG+G+8F, total office area 37,350 sqm, 747 parking spaces
Investment proposition
DAMAC Lagoons District also presents a strong investment opportunity. Gross rental yields across the community range from 9% to 11%, while secondary-market data indicates average ROI of approximately 47% over three years, increasing to 69% for projects nearing handover.
As properties transition from off-plan to fully income-producing, the district is expected to strengthen its long-term investment fundamentals.
DAMAC Properties
Since its inception in 2002, DAMAC Properties has delivered over 50,000 homes across the Middle East and internationally, with more than 54,000 units in planning and development. Collaborations with global luxury brands, including Roberto Cavalli and de GRISOGONO, underscore DAMAC’s commitment to creating high-end living experiences. Today, the company continues to expand Dubai’s luxury real estate landscape with innovative communities such as Lagoons District.