
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.
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 |
|---|---|---|---|
| Santorini launch basis | 3,278 | AED 2.95M | 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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Astraterra Properties
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Damac Lagoons
Santorini by Damac Properties
Located in Damac Lagoons
Starting from AED 2,950,000
Unit mix includes 4 BR, 5 BR, Villa, Townhouse
Expected handover: Dec 2024
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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