
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Lagoons Portofino launch basis | 12,222 | AED 11.00M | Current launch / asking basis |
| Damac Lagoons ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Damac Lagoons premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |






















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Damac Lagoons
Lagoons Portofino by Damac Properties
Located in Damac Lagoons
Starting from AED 10,999,990
Unit mix includes 7 BR, Villa
Expected handover: Aug 2025
Official brochure and PDF marketing materials available
Official render/gallery images available
Ready-to-move units · Direct from owner · Verified by Astraterra
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence, trophy-level, or discreet high-ticket stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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