Guide to DAMAC Lagoons
DAMAC Lagoons is a 45-million-sqft crystal-lagoon community off Hessa Street with Mediterranean-themed clusters - Santorini, Portofino, Malta, Venice, Costa Brava - where townhouses average around AED 3.2M and villas around AED 6.8M on multi-year payment plans.
About DAMAC Lagoons
Lagoons is the townhouse answer to DAMAC Hills: bigger water features, newer stock and a payment structure that lets Australian buyers stage the capital over several years rather than funding a mortgage upfront. Early clusters such as Costa Brava and Portofino are handed over and renting; later clusters continue delivering through 2026-2027.
Key numbers (2026)
| Metric | Value |
|---|---|
| Average price / sqft | AED 1,150-1,750 (apartments) · townhouses avg AED 3.2M |
| Gross rental yield | 5.5-7% |
| Off-plan / ready | Phased by cluster - early clusters ready, later ones 2026-2027 |
| Best for | Townhouse investors, family end-users, staged payment-plan buyers |
Top projects in DAMAC Lagoons
- Costa Brava cluster (handed over)
- Portofino cluster
- Santorini cluster
- Malta townhouses
- Venice - 5 bed and villas
Why buyers pick this area
- Staged payment plans instead of full mortgage funding upfront
- Crystal lagoons and clubhouse amenities drive tenant demand
- Early clusters already handed over - real rental comparables exist
- Golden Visa qualifies on units above AED 2M
What to watch for
- Yields depend heavily on cluster and lagoon proximity
- Community charges rise as amenities come online
- Later clusters are further from the completed lagoon spine
Frequently asked questions
How much is a DAMAC Lagoons townhouse?
Townhouses average around AED 3.2M in 2026 and villas around AED 6.8M, with smaller 4-bed units in outer clusters still transacting below AED 2.5M.
When does DAMAC Lagoons hand over?
Phased through 2026 and 2027. Santorini and Portofino are the furthest along; later clusters follow.
What payment plan is available at DAMAC Lagoons?
Typically 20% down with construction-linked instalments and a post-handover tail. Exact terms change per release - Miri Homes confirms current terms in writing before reservation.