In 15 years, the first building in Dubai Lagoon will be commissioned

Dubai Lagoon is located on a land plot where the value of real estate has been steadily increasing over the years.

According to investors, the first building on the territory of Dubai Lagoon, a project launched in 2005, may be commissioned in the near future.

The initial project was supposed to be implemented in stages from 2008, but in the end, none of the stages of the project or the promises to its investors were fulfilled. The master plan included more than 50 buildings and was one of the most successful off-plan projects in 2005-06. It was then that the Dubai Land Department and RERA (Real Estate Regulatory Agency) intervened and distributed plots within Dubai Lagoon to several builders in order to start construction. 

A lot of time has passed, but real estate experts are confident that this project will again attract the attention of buyers and investors.