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 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:
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.
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.
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Mykonos Damac Lagoons in Dubai will include Mediterranean-style villas and townhouses with private gardens. The premium homes are available for purchase in 2 configurations:
Light-colored interiors with large panoramic windows as well as natural stone and wood decorations create an atmosphere of resort-style living. In addition to bedrooms with built-in closets and en-suite bathrooms, the layouts include a spacious living room with dining area, a kitchen with modern appliances, a pantry, a laundry room, balconies, and terraces. Some townhouses will also have a guest bathroom, a dressing room, and a maid’s room. Parking for 2 cars will be provided at the main entrance.
The main feature of the project is its rich infrastructure with water attractions, sandy beaches, cafes, bars, and swimming pools. Residents will be able to live in the atmosphere of a luxurious Mediterranean resort and enjoy numerous amenities, including:
Dubai Land is a large-scale entertainment complex in Dubai, designed for recreation, shopping, and sports. The project was successfully planned more than 10 years ago and construction is currently in full swing. While the area is open to visitors, the park has not yet been fully opened. According to the project plans, the entirety of Dubai Land will be divided into several zones, each of which is designed for differently-themed forms of entertainment. The main goal of this project is to improve Dubai's tourism reputation and attract travelers to the UAE.
DAMAC Properties has been shaping the Middle East's luxury real estate market since 2002. To date DAMAC has delivered c. 43,700 quality homes, with c. 28,000 more under way.