Photos and renders of the building and grounds — not of this particular unit.
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About the building
Located in Damac Lagoons.
Specifications for Ibiza at Damac Lagoons per Propsearch and the Dubai Land Department.
They describe the whole building, not the individual unit.
About the project
Ibiza is a residential complex in Damac Lagoons.
The building holds 746 apartments in total.
The database currently holds 1 lot in this project, from 1 887 000 AED; 1 of them priced below the market, the deepest discount 5%.
The Ibiza cluster in Damac Lagoons has 746 residences: sizes around 3,270 feet, price AED 3.2 million, AED 979 per foot — the bottom of the community's range.
What it is
Ibiza is a themed cluster with 746 residences in the Damac Lagoons master plan. Storey count and handover date aren't stated in the passport.
Our stock holds one listing, around 3,270 square feet, priced at AED 3.2 million, at AED 979 per square foot.
At 746 residences, it's the largest cluster in the community among those we have data on.
Damac Lagoons clusters
Ibiza sits below the whole community table — AED 979 against an average of AED 1,371.
Damac Lagoons clusters — our stock
Cluster
AED per ft²
Listings
Average size
Venice
1757
3
7,516 ft²
Monte Carlo
1523
2
2,364 ft²
Santorini
1397
15
3,021 ft²
Costa Brava
1350
8
3,820 ft²
Malta
1341
10
3,815 ft²
Nice
1333
7
2,961 ft²
Morocco
1329
8
6,555 ft²
Mykonos
1250
2
2,749 ft²
Portofino
1186
4
4,302 ft²
Our stock as of 28 August 2026: 85 listings across the community, median AED 3.6 million, average price per square foot AED 1,371. The themed clusters differ in house size, not infrastructure — the lagoon and amenities are shared.
Under a thousand per foot
Damac Lagoons in our database totals 85 listings, with a median of AED 3.6 million at an average of AED 1,371 per square foot.
AED 979 per foot is the level of Sports City and Production City — the city's cheapest apartment districts. Only here, it buys a 3,270-square-foot house.
AED 3.2 million for a house of around three thousand square feet in a lagoon community is an exceptional ratio, even for a far-out suburb.
The explanation lies in the cluster's size: 746 houses mean supply within it is large and constant. Large, uniform clusters are always cheaper than one-off ones — we've seen the same pattern in Damac Islands.
propsearch passport: 746 residences. Our stock as of 28 August 2026: one project listing (size, price, price per square foot), a calculation across the community's clusters, and medians and price-per-square-foot figures for Damac Lagoons, Sports City and Dubai Production City.
The final payment on this building falls in 2027 — under off-plan plans that is
40–60% of the price in one go. A UAE bank closes it: the flat becomes the security,
and nothing is added on top of what the developer has already been paid.
Up to 80% of the appraised value, no extra down payment
3.99% fixed for three years, up to 25 years in term
6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and
we will look at what the developer will accept.
Damac Lagoons. Mediterranean-themed clusters around swimmable lagoons, next to Damac Hills — the water-community answer to the golf community.
How much does an apartment in Ibiza cost?
The database currently holds 1 lot in this project, from 1 887 000 AED; 1 of them priced below the market, the deepest discount 5%. Prices in the base are live and update every day; ask for the current list for the building before deciding.
Damac and ADIB opened finance on projects 35% built once the buyer has paid 50% (March 2025). In 2026 Emirates NBD launched a scheme for Meraas, Nakheel and Dubai Properties from 30% completion, and ADCB a 12-month pre-approval from 3.49%.
A community built around man-made lagoons with Mediterranean-themed clusters. Water is a genuine differentiator with a permanent operating cost attached.
The clusters are named after Mediterranean towns, and the difference goes beyond facades. There are four things worth comparing.
Where this project stands today
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.