DAMAC «Mykonos Lagoons»
Off-Plan

DAMAC «Mykonos Lagoons»

From AED 2.75M·Handover Dec 2026·Accepted payment methods: credit_debit_card, bank_transfe... Payment
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AED 2.75M
Starting Price
Dec 2026
Handover
Accepted payment methods: credit_debit_card, bank_transfe...
Payment Plan
4 BR · Townhouse
Type

Project Overview

Mykonos Lagoons - a luxury collection of 4-5 bedroom townhouses, part of the Damac Lagoons project by developer Damac Properties. The design of the complex is inspired by the aesthetics of the Mediterranean resort, with each residence resembling homes from the Greek island of Mykonos. The interiors of the residences feature high quality materials and thoughtful layouts with spacious and cozy rooms. Residents can find a large number of amenities within walking distance of the townhouses. Nearby there are sandy beaches, swimming pools, water attractions, a cinema on the water, various cafes, restaurants, kindergartens, schools and shopping and entertainment centers. Entertainment, educational and medical facilities are also located in the neighboring areas. Due to its close proximity to Dubai's key highways, residents have quick access to key points in the city. Dubai Marina, Palm Jumeirah and Dubai International Airport are all within a 20-minute drive. Mykonos Lagoons is geared towards couples with children, but is also suitable for those looking for a serene and comfortable life in relative proximity to the epicenter of the city's hustle and bustle.

Project Specifications
DeveloperDamac Properties
LocationDamac Lagoons
Unit Types4 BR, Townhouse
AreaDamac Lagoons
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 118,663 / year
Cash-on-Cash
2.2%
Levered cashflow AED 27,913
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 178,750 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
DAMAC «Mykonos Lagoons» launch basis3,056AED 2.75MCurrent launch / asking basis
Damac Lagoons ready-stock comps1,500AED 1.35MIndicative resale benchmark
Damac Lagoons premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

DAMAC «Mykonos Lagoons» — View 2
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DAMAC «Mykonos Lagoons» official render 1

DAMAC «Mykonos Lagoons» official render 1

DAMAC «Mykonos Lagoons» official render 2

DAMAC «Mykonos Lagoons» official render 2

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DAMAC «Mykonos Lagoons» official render 3

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DAMAC «Mykonos Lagoons» official render 4

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DAMAC «Mykonos Lagoons» official render 5

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DAMAC «Mykonos Lagoons» official render 8

DAMAC «Mykonos Lagoons» official render 9

DAMAC «Mykonos Lagoons» official render 9

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

Accepted payment methods: credit_debit_card, bank_transfe...

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Amenities & Lifestyle

BBQ
Central A/C
Children’s pool
Cinema
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Leisure areas
Pets Allowed
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Damac Lagoons

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Damac LagoonsDamac LagoonsDubai, UAE

Developer Track Record

01

DAMAC «Mykonos Lagoons» by Damac Properties

02

Located in Damac Lagoons

03

Starting from AED 2,750,000

04

Unit mix includes 4 BR, Townhouse

05

Expected handover: Dec 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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