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Mykonos

Damac Lagoons

Project factsheet

Units in the building 475
District Damac Lagoons

About the building

Located in Damac Lagoons.

Specifications for Mykonos at Damac Lagoons per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.

About the project

Mykonos is a residential complex in Damac Lagoons.

The building holds 475 apartments in total.

The database currently holds 6 lots in this project, from 2 450 000 AED; 4 of them priced below the market, the deepest discount 7%.

A cluster of 475 houses in Damac Lagoons, handing over in Q3 2026. Our four listings have 4–5 bedrooms, from AED 2.98 million to AED 3.7 million.

What this cluster is

Mykonos is one of the themed clusters in the Damac Lagoons community, with 475 houses per the project record. Handover on our listings is Q3 2026.

Damac Lagoons is built around artificial lagoons, with clusters named after Mediterranean places and differing in styling; infrastructure is shared across the whole community.

Our four listings are townhouses and villas with 4 and 5 bedrooms, sizes from 2,121 to 3,377 square feet.

What the numbers show

Prices run from AED 2.98 million to AED 3.7 million, with an average price per square foot around AED 1,250. Against the rest of the community: Nice AED 1,333, Costa Brava AED 1,485, Santorini AED 1,434.

Mykonos is the most affordable of the Damac Lagoons clusters we've reviewed. The spread across the community runs from AED 1,250 to AED 1,485 — under twenty percent across four clusters.

Three of the four listings are offered at a discount, averaging 7.7%. A normal figure for a project in its final stage.

What to factor in

First — the line relative to the lagoon. In Damac Lagoons, water drives both price and how fast a property sells.

Second — plot size, separate from the house's built-up area.

Third — distance. The community sits in the south-west, without rail transport; tenants are families with a car, and rates run lower than in central districts.

The propsearch project passport (number of houses, district) and our own stock as of 28 August 2026: 4 listings — price range, sizes, price per square foot, bedroom and type composition, handover date, number of discounted listings and the average discount.

Neighbouring cluster in the community — Nice →

Where it is

The pin is placed by district — I send the exact address on request.

Handover payment

A mortgage covers the final instalment

The final payment on this building falls in 2026 — 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.

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Frequently asked about Mykonos

Where is Mykonos?

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 Mykonos cost?

The database currently holds 6 lots in this project, from 2 450 000 AED; 4 of them priced below the market, the deepest discount 7%. Prices in the base are live and update every day; ask for the current list for the building before deciding.

In the news

What has been written about the building, its developer and Damac Lagoons

Damac Lagoons: what a lagoon costs to keep

A community built around man-made lagoons with Mediterranean-themed clusters. Water is a genuine differentiator with a permanent operating cost attached.

Where this project stands today

I will send the available layouts, the real entry price and what owners and tenants actually say about the building — without the brochure language.

Ask a question

Telegram is the fastest way — I answer personally.

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