Lagoons Portofino
✓ Resale Available

Lagoons Portofino

From AED 11.00M·Completed Aug 2025·Accepted payment methods: credit_debit_card, bank_transfe... Payment
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AED 11.00M
Starting Price
Aug 2025
Handover
Accepted payment methods: credit_debit_card, bank_transfe...
Payment Plan
7 BR · Villa
Type

Project Overview

Lagoons Portofino is a stunning residential development by developer Damac, located in the Damac Lagoons neighborhood. This project is inspired by the atmosphere of the Italian Riviera and offers upscale housing surrounded by picturesque canals and inviting lagoons. Lagoons Portofino includes 3-5 bedroom townhouses and exclusive 7-bedroom villas. The architecture combines elements of Mediterranean style and modern solutions. The houses are equipped with quality finishing materials and technical innovations that ensure comfort and safety. Lagoons Portofino offers its residents an extensive infrastructure and a variety of amenities, including beaches and lagoons with clear water, outdoor and indoor swimming pools, fitness centers, spas, restaurants and cafes with water views, pedestrian and bicycle paths ideal for strolling through the picturesque surroundings, playgrounds and areas for family recreation, markets and stores for the convenience of local residents. The project is in close proximity to popular neighborhoods and major shopping centers. Convenient transportation links including roads and metro are available for residents, making it easy and quick to move around Dubai. The drive to Dubai Mall takes approximately 32 minutes, Palm Jumeirah 26 minutes, Burj Al Arab 28 minutes and The Walk JBR 31 minutes.

Project Specifications
DeveloperDamac Properties
LocationDamac Lagoons
Unit Types7 BR, Villa
AreaDamac Lagoons
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 474,650 / year
Cash-on-Cash
1.8%
Levered cashflow AED 111,650
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 714,999 / 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
Lagoons Portofino launch basis12,222AED 11.00MCurrent 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

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Lagoons Portofino official render 1

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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

Cinema
Dining outlets (coffee houses & restaurants)
Leisure areas
Recreational areas
Retail outlets
SPA
Shared Pool
Shared gym & fitness
Social zone
Walking paths

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

Lagoons Portofino by Damac Properties

02

Located in Damac Lagoons

03

Starting from AED 10,999,990

04

Unit mix includes 7 BR, Villa

05

Expected handover: Aug 2025

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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