Damac Properties is launching two more clusters at its water-inspired Lagoons development in Dubai.
The new communities — Venice and Malta — follow other clusters such as Santorini, Costa Brava, Nice and Portofino in being themed on locations by the Mediterranean Sea.
Villas and townhouses will be built around "extravagantly large pristine water lagoons with white sanded beaches", Damac said in a statement.
The Malta cluster will feature learning-based amenities including a Building Blocks pavilion, where children can build their own giant houses, and a virtual reality park. A floating flower market will feature colourful boats lined up in the lagoon.
The Venice cluster will feature gondola rides, arching bridges over canals and waterside cafes. A clubhouse will be equipped with a luxury spa and a fine-dining restaurant and bar.
The community concept has been enhanced "so that it feels like residents are on a permanent vacation", said Niall McLoughlin, senior vice president at Damac.
The overall Lagoons development, which was launched late last year, is slated to open in 2024.
Dubai's property market has boomed in the past year on the back of government initiatives, such as residency permits for retirees and remote workers, as well as the expansion of the 10-year golden visa programme and the economic boost from Expo 2020 Dubai.
The market has also benefited from the country's widespread coronavirus vaccination programme, which has kept case numbers relatively low.
The number of home sales transactions in Dubai in the first quarter of the year was the highest recorded since 2010, according to a market report by real estate consultancy ValuStrat.
Dubai registered sales of more than 6,000 ready homes worth Dh13.5 billion ($3.7bn) and 3,600 off-plan properties worth Dh5bn in the first three months of the year, the report said.
Records were also broken this year for the highest price per square foot (set at the Bulgari Resort and Residences) and the sale of the most expensive property in Dubai.
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Developers have also announced new measures to attract more investors.
Last month, Damac said it will accept certain cryptocurrencies for property transactions as part of efforts to offer more flexibility to investors.
It will enable the conversion to fiat and the sale of property to holders of Bitcoin and Ethereum, it said.
UAE currency: the story behind the money in your pockets
Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
What is a calorie?
A food calorie, or kilocalorie, is a measure of nutritional energy generated from what is consumed.
One calorie, is the amount of heat needed to raise the temperature of 1 kilogram of water by 1°C.
A kilocalorie represents a 1,000 true calories of energy.
Energy density figures are often quoted as calories per serving, with one gram of fat in food containing nine calories, and a gram of protein or carbohydrate providing about four.
Alcohol contains about seven calories a gram.
Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards
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