Santorini
✓ Resale Available

Santorini

From AED 2.95M·Completed Dec 2024·Developer payment plan available Payment
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AED 2.95M
Starting Price
Dec 2024
Handover
Developer payment plan available
Payment Plan
4 BR · 5 BR
Type

Project Overview

Santorini is a residential development located in the DAMAC Lagoons family neighbourhood. The developer of the project is DAMAC Properties. The development consists of 3-5 bedroom townhouses and 6 bedroom villas. The 3 and 4-bedroom townhouses have 2 floors, while the 5-bedroom residences consist of 3 floors and have access to a spacious balcony, laundry room, storage room, maid's room and a playroom or additional bedroom. The interiors feature large living spaces and the flats are decorated in beige and white tones with blue accents. The complex has smart home systems, 24-hour security, centralised cooling systems, parking and reception. Santorini offers a wide range of facilities including: wellness centre, spa, solarium, jacuzzi, hammam and sauna, restaurants and bars, outdoor cinema, contact zoo, tennis court, skatepark, gym, football pitch, children's playground, laundry service. From the complex it takes approximately 33 minutes to Dubai Mall, 27 minutes to Jumeirah Palm, 28 minutes to Burj Al Arab and 30 minutes to The Walk JBR. Dubai International Airport is approximately 37 minutes‘ drive away and Al Maktoum International Airport is approximately 25 minutes’ drive away.

Project Specifications
DeveloperDamac Properties
LocationDamac Lagoons
Unit Types4 BR, 5 BR, Villa, Townhouse
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 127,293 / year
Cash-on-Cash
1.8%
Levered cashflow AED 29,943
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 191,750 / 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
Santorini launch basis3,278AED 2.95MCurrent 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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Santorini official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

Developer payment plan available

Flexible Payment

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Floor Plans

Santorini — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Children’s pool
Cinema
Football field
Jogging tracks
Kids Play Area
Lagoon style swimming pool
Landscaped garden
Private pool
SPA
Sauna
Shared Pool
Shared gym & fitness
Smart home
Sports ground
Storage Areas
Tennis court
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

Santorini by Damac Properties

02

Located in Damac Lagoons

03

Starting from AED 2,950,000

04

Unit mix includes 4 BR, 5 BR, Villa, Townhouse

05

Expected handover: Dec 2024

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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