Mykonos Damac Lagoons by Damac Properties in Dubai Land

Mykonos Damac Lagoons by Damac Properties

Mykonos Damac Lagoons in the UAE is a promising project by Damac Properties, one of Dubai’s most renowned developers. A collection of premium 4- to 5-bedroom villas and townhouses will be constructed within the Damac Lagoons resort community in the Dubailand area. Spacious Mediterranean-style homes from 212 m² will be located on the shores of a crystal artificial lagoon with a white sandy beach, surrounded by lush greenery, a variety of water activities, cafes, restaurants, and world-class amenities.

Properies in Mykonos Damac Lagoons will be commissioned in H1 2026. The current prices start at AED 2.47 million (USD 672,500). On the website, you can check out the layouts in Mykonos Damac Lagoons, prices from the developer, and options available for purchase.

Mykonos Damac Lagoons Location

Mykonos Damac Lagoons is located in the actively developing Dubailand neighborhood with an area of almost 280,000 m².

The community infrastructure includes all socially important facilities that residents may need: schools, kindergartens, hospitals, pharmacies, stores, supermarkets, cafes, and restaurants. Popular locations for recreation and entertainment include:

IMG Worlds of Adventure theme park;
Dubai Outlet Mall;
Equestrian Club Al Habtoor Polo Resort and Club.

Damac Lagoons is within walking distance to the elite Damac Hills golf community with its world-class golf course, stables, fishing lake, skate park, and prestigious Jebel Ali School.

Near the complex, there are Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street roads, which provide easy access to the largest city highways and any other place in the emirate. Residents of Mykonos Damac Lagoons in Dubailand can reach Downtown Dubai with the Burj Khalifa Tower, the interactive Dubai Fountain, and the Dubai Opera in less than 30 minutes.

Property in Mykonos Damac Lagoons for investments

Real estate in Mykonos Damac Lagoons is an ideal investment asset. Housing prices in Dubai are steadily increasing. Only in 2022 have off-plan villas increased in price by 23%. You can buy a property in Mykonos Damac Lagoons during the construction phase, when prices are most favorable. As the work progresses, the value of the asset will increase. Such properties, characterized by their strategic location, numerous amenities, and modern design, usually rise in price by 20–30% by the time they are commissioned. In addition, they will continue to increase in value due to the developing infrastructure of the area and the positive dynamics of the Dubai market.

It is also possible to buy a house in Mykonos Damac Lagoons to rent out later. The average profitability rate for 4-bedroom villas in Damac Lagoons is 5% per annum and for 5-bedroom properties, it is 4.2% per annum.