Seven-Bedroom Villa at Portofino, DAMAC Lagoons — Off-Plan, Ready for Handover

Property Overview

This is a seven-bedroom villa in Portofino at DAMAC Lagoons by DAMAC Properties (villa type LV75). The villa has a 13,000 sqft built-up area on a 17,000 sqft plot and is offered at AED 21,000,000. The agent states it is 70% paid with 30% due on handover, is mortgageable, and is ready for handover.

Property Highlights

• Type: 7-bedroom villa (type LV75, agent code)
• Built-up area: 13,000 sqft
• Plot size: 17,000 sqft
• Asking price: AED 21,000,000
• Rate: AED 1,615 per sqft (on built-up area)
• Payment: 70% paid, 30% due on handover (agent-stated)
• Mortgage: possible (agent-stated)
• Status: ready for handover (agent-stated)
• Developer: DAMAC Properties
• Community: DAMAC Lagoons

Deal Basis

This listing is submitted as a distress sale. No original purchase price, dated market comparison or DLD transaction was supplied, so DPF has not calculated a savings amount or discount percentage and does not state one. On the 13,000 sqft built-up area the asking price of AED 21,000,000 is AED 1,615 per square foot. Any below-original-price or below-market claim would require a supplied benchmark before it could be shown on the page.

About the Project, Developer and Community

Portofino is a Mediterranean-themed villa cluster within DAMAC Lagoons, a large waterfront community by DAMAC Properties in the Dubailand corridor, built around lagoons and leisure amenities with connectivity via Sheikh Zayed Road and Hessa Street. The unit is stated to be ready for handover; buyers should confirm the completion and handover status with DAMAC. Project specifications should be confirmed against the developer's official documentation.

Layout, Plot and Payment

The agent describes a type LV75 seven-bedroom villa, 13,000 sqft built-up on a 17,000 sqft plot, 70% paid with 30% due on handover and mortgageable. The exact internal layout, number of bathrooms, parking, orientation, the outstanding balance and payment terms should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Verification Notes

• Agent-supplied facts: 7-bedroom villa (type LV75), BUA 13,000 sqft, plot 17,000 sqft, asking price (AED 21,000,000), 70% paid / 30% on handover, mortgageable, and ready-for-handover status.
• DPF-calculated figure: price per built-up square foot (AED 1,615).
• No benchmark supplied: no original purchase price, dated market comparison or DLD transaction, so no savings amount or percentage is calculated or stated. Off-plan villa near handover on a payment plan (30% due on handover) — classified 'Off-Plan Distress'.
• 'LV75' is an agent villa-type code; confirm the exact type/plan. External research confirms Portofino as a DAMAC villa cluster at DAMAC Lagoons; unit-specific facts and completion status were not independently verified.