Damac Properties is launching two more clusters in its development of water-inspired lagoons in Dubai.

The new communities – Venice and Malta – follow other groups such as Santorini, Costa Brava, Nice and Portofino by focusing on locations along the Mediterranean Sea.

Villas and townhouses will be built around “extravagantly large pristine water lagoons with white sandy beaches,” Damac said in a statement.

The Malta cluster will have 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 have colorful boats lined up in the lagoon.

The Venice group will include gondola rides, arched bridges over canals and water cafes. Clubhouse will be equipped with a luxury spa and a restaurant and a fine-dining bar.

The concept of the community has been improved “to make residents feel like they’re on a permanent vacation,” said Niall McLoughlin, a senior vice president at Damac.

The general development of the Lagoons, which was launched late last year, is expected to open in 2024.

Dubai’s property market has risen in recent years in the wake of government initiatives, such as residence permits for retirees and remote workers, as well as the expansion of the Dubai gold visa program. 10 years and the economic boost from Expo 2020 Dubai.

The market has also benefited from the country’s widespread coronavirus vaccination program, which has kept the numbers of cases relatively low.

The number of home sales transactions in Dubai in the first quarter of the year was the highest since 2010, according to a market report from the real estate consultancy ValuStrat.

Dubai recorded sales of more than 6,000 Dh13.5 billion ($ 3.7bn) ready-made homes and 3,600 Dh5bn off-plan properties in the first quarter of the year, the report said.

This year also broke the records for the highest price per square foot (set at Bulgari Resort and Residences) and the sale of the most expensive property in Dubai.

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