AED 2,370,000 was AED 2,580,000
| Deal type | Below OP |
| Price | AED 2,370,000 |
| Original price | AED 2,580,000 |
| Saving | AED 210,000 (8.1%) |
| Bedrooms | 4 |
| Size | 2282 sq.ft |
| Type | Townhouse |
| Status | Off-Plan |
| Developer | DAMAC Properties |
| Area / Master development | Dubailand |
| Sub-community / Phase | Mykonos |
| Community | DAMAC Lagoons |
A 4-bedroom duplex townhouse in the Mykonos cluster at Damac Lagoons by DAMAC Properties at AED 2,370,000, 8.1% below the original price of AED 2,580,000, saving AED 210,000. BUA 2,282 sqft on a 1,550 sqft plot, equalling AED 1,039 per sqft. Back-to-back (B2B) middle unit. 80/20 payment plan. Cash buyer only. Off-plan with handover target Q1 2027.
The seller purchased at AED 2,580,000 and is asking AED 2,370,000, a AED 210,000 reduction (8.1%). The Oqood fee (4% of AED 2,580,000 = AED 103,200) adds to the seller's total loss. Including Oqood, total seller investment is AED 2,683,200. Total loss: AED 313,200 (11.7%). The cash-only requirement signals urgency. The seller is likely exiting before construction installments become due.
The asking price of AED 2,370,000 matches the June 2026 DLD transaction. However, the most recent September 2026 transaction was AED 2,250,000 (AED 120,000 lower). This may represent a more distressed seller or a less desirable unit. Buyers should consider whether further price softening is possible.
Active 4BR listings in Mykonos range from AED 2,350,000 to AED 2,600,000 on Property Finder. At AED 2,370,000, this listing is at the lower end of active listings but above the September 2026 DLD transaction of AED 2,250,000.
B2B (back-to-back) or middle unit townhouses share a rear wall with the unit behind, reducing natural light and cross-ventilation compared to single-row or end units. In Damac Lagoons, single-row units command a 5% to 10% premium. The OP of AED 2,580,000 for a B2B unit is at the upper range (developer pricing for standard B2B units was approximately AED 2,250,000 to AED 2,473,000 per DLD data). The 8.1% discount brings the price closer to the DLD transaction range for B2B units.
A townhouse cluster within Damac Lagoons by DAMAC Properties. Launched April 2023 as one of the later townhouse phases. Offers 4BR duplex townhouses and 5BR three-storey townhouses. The 4BR configuration (floor plan LTH-4H-M) features 2,282 sqft BUA on a 1,550 sqft plot with maid room, double-height living area and two parking spaces.
DAMAC Properties' fifth master community, located off Hessa Street in Dubailand. Features a central crystal lagoon and multiple themed clusters named after Mediterranean and tropical destinations. Completion status varies by cluster: Portofino (handed over Q4 2024), Nice (Q1 2025), Costa Brava (Q3-Q4 2025). Mykonos is in early-stage construction with ground preparation works. Over 30,000 units planned across all phases. Freehold ownership.
The asking price, OP, BUA, plot size, B2B layout, 80/20 payment plan, cash-only requirement and Q1 2027 handover target are from the agent brief. BUA of 2,282 sqft and plot of 1,550 sqft are confirmed by Metropolitan Real Estate and DLD records. The OP of AED 2,580,000 is within the DLD transaction range. The 8.1% discount is verified. Q1 2027 handover is at risk given the project is at ground preparation stage; H2 2027 to Q1 2028 is more realistic. The cash-only requirement is a distress signal.
The seller requires a cash buyer who can pay without mortgage financing. Mortgage processing typically takes 2 to 4 weeks, and the seller cannot or will not wait. This is a classic distress indicator: the seller needs to exit quickly, likely to avoid upcoming construction installments. Cash-only deals often attract lower offers because the buyer pool is smaller (investors only, not end-users relying on bank finance).
U series is not an official DAMAC designation. The official floor plan code for 4BR townhouses in Mykonos is LTH-4H-M. U series likely refers to the back-to-back (B2B) middle unit configuration in broker shorthand. B2B units share a rear wall with the townhouse behind them, providing less light and ventilation than single-row or end units. This is the least premium position and typically the most affordable.
Unlikely. Mykonos is at the ground preparation and enabling works stage with no published completion percentage. DAMAC historically delivers 6 to 18 months behind schedule. A more realistic estimate is H2 2027 to Q1 2028. Buyers should plan for delays and budget for additional holding costs.
Recent DLD Oqood transactions for 4BR townhouses in Mykonos: AED 2,250,000 (September 2026), AED 2,370,000 (June 2026), AED 2,473,000 (multiple in July-August 2026). The asking price of AED 2,370,000 matches the June 2026 DLD transaction exactly. It is above the most recent September 2026 sale of AED 2,250,000. Active listings range from AED 2,350,000 to AED 2,600,000.
The official DAMAC payment plan for Mykonos is 20% booking, 60% during construction (linked to milestones), and 20% on handover. The 80/20 shorthand means 80% is paid before handover and 20% at handover. The buyer taking over this assignment inherits the remaining payment schedule. Since the seller has already paid some installments, the buyer's remaining balance will depend on how much has been paid. This should be verified from the SPA.
Buyer costs
Dubai transfer costs for an off-plan unit. Every figure editable — NOC is set by the developer and varies.
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
—
Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Off-plan: UAE lenders generally finance at handover. Plan the position you will be in.
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
—
Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
Read our full property verification methodology →
Browse this listing by developer, location, property type and bedroom count.
Below OP4 Bedroom Townhouse in Mykonos at DAMAC Lagoons, 2.8% Below Original Purchase Price4 Beds2,282 sqftTownhouseAED 2,500,000Save AED 71,960 (2.8%)View property
Off-Plan Distress4 Bedroom Townhouse in Malta 1, DAMAC Lagoons – Near Handover4 Beds2,300 sqftTownhouseAED 2,600,000View property
Below Market3BR Townhouse in Costa Brava, Damac Lagoons at AED 2,550,000 - Cash Buyer Only, Net to Owner, Near Handover3 BedsTownhouseAED 2,550,000View property
Off-Plan Distress5-Bedroom Townhouse in Santorini, Damac Lagoons, Middle Corner with Vastu Layout5 Beds3,246 sqftTownhouseAED 3,600,000View property
Below OP7BR V75 Villa Below OP in Morocco, DAMAC Lagoons with AED 4.1M Savings17,600 sqftVillaAED 17,000,000Save AED 4,100,000 (19.4%)View property
Off-Plan DistressVilla V75 in Portofino, DAMAC Lagoons – 13,000 sq ft, Ready for Handover13,000 sqftVillaAED 21,000,000View property