AED 2,500,000 was AED 2,571,960
| Deal type | Below OP |
| Price | AED 2,500,000 |
| Original price | AED 2,571,960 |
| Saving | AED 71,960 (2.8%) |
| Bedrooms | 4 |
| Size | 2282 sq.ft |
| Type | Townhouse |
| Status | Off-Plan |
| Handover | March 2027 |
| Developer | DAMAC Properties |
| Area / Master development | Damac Lagoons |
| Sub-community / Phase | Mykonos |
| Community | DAMAC Lagoons |
This 4-bedroom townhouse in Mykonos at DAMAC Lagoons is available as a distress resale at AED 2,500,000. The unit has a built-up area of 2,282 sq ft on a 1,548 sq ft plot. The asking price represents a saving of AED 71,960 (2.8%) against the agent-stated original purchase price of AED 2,571,960. Handover is expected in March 2027.
The agent states the original purchase price for this unit was AED 2,571,960. The current asking price of AED 2,500,000 is AED 71,960 lower, a reduction of 2.8% from the original contract value. This is a modest discount in absolute terms, though the seller's total loss is more significant when factoring in the DLD transfer fee.
The agent's brief describes the discount as 2.8% below OP+DLD. The 2.8% figure matches the discount from the OP alone (71,960 / 2,571,960 = 2.797%). The total seller loss including DLD is larger at 6.5%.
The seller paid a 4% DLD transfer fee on the original purchase, estimated at AED 102,878. Adding this to the original price gives an all-in cost of AED 2,674,838. The asking price of AED 2,500,000 represents a total seller loss of AED 174,838, or 6.5% of their total investment.
Property Finder data shows 4-bedroom townhouses currently listed in Mykonos across a wide price range:
This listing at AED 2,500,000 is close to the 4BR average and above the lowest listed price of approximately AED 2,350,000. There are cheaper 4-bedroom units available in Mykonos. The 2.8% below-OP discount provides a saving against this specific unit's purchase price, but the asking price does not represent the lowest available entry point for a 4BR in the cluster.
DAMAC Lagoons overall recorded 3,054 DLD sale transactions in the past 12 months with an average transaction price of AED 2,027,665 across all unit types and a 1% year-on-year price increase.
Four-bedroom townhouses in Mykonos have a BUA of 2,282 to 2,283 sq ft per Property Finder data, confirming the agent's stated 2,282 sq ft. Multiple layout types are available (types A through L), indicating variety in internal configurations. The townhouses are two-storey, with ground-floor living spaces and first-floor bedrooms.
The 1,548 sq ft plot includes the private outdoor garden area. Row position (single row, end corner or middle unit) was not stated in the agent's brief.
The agent states handover in March 2027. Bayut area guide data originally showed Mykonos with an expected completion of Q4 2025, while Property Finder indicated December 2025. The agent's March 2027 date suggests the timeline has been extended, which is not uncommon for large-scale master communities under phased construction.
Buyers should confirm the current expected handover date directly with DAMAC Properties, as the official timeline may have been revised since the portal data was published. DAMAC Lagoons is being delivered in phases, with different clusters at different stages of completion.
Mykonos is one of the themed clusters within DAMAC Lagoons by DAMAC Properties. It is located on the eastern side of the development, adjacent to Hessa Street (D61). The cluster offers Mediterranean-inspired townhouses in 4 and 5-bedroom configurations, with three-storey 5-bedroom units featuring rooftop terraces.
Cluster amenities include a Glow Lounge, windmill park, volcanic stone park, beach club, sandy beach and floating pool pods. The architectural theme draws on Greek island design elements. Mykonos is reported as sold out on the primary market, with Property Finder showing 71 resale units currently listed.
DAMAC Lagoons is a 45-million-square-foot master community by DAMAC Properties, situated on Hessa Street adjacent to DAMAC Hills in Dubai. The development features multiple themed clusters inspired by Mediterranean destinations, each with its own character and amenity set.
Community-wide amenities include crystal lagoons, sandy beaches, wave pools, a floating cinema, gondola rides, water sports facilities (kayaking, ziplines, snorkelling), an outdoor amphitheatre, wellness centres, retail outlets, restaurants and landscaped green spaces. The development offers freehold ownership to all nationalities.
DAMAC Lagoons is located in the Dubailand area of Dubai, with direct access to major road networks:
Unit-specific facts including 4-bedroom configuration, built-up area of 2,282 sq ft, plot size of 1,548 sq ft, asking price, original purchase price and handover date of March 2027 are sourced from the agent's brief received on 30 September 2026. The 2,282 sq ft BUA matches Property Finder's recorded size range for 4-bedroom townhouses in Mykonos (2,282 to 2,283 sq ft). The agent states 2.8% below OP+DLD; the 2.8% matches the discount from OP alone (71,960 / 2,571,960 = 2.797%). The total seller loss including the 4% DLD fee is 6.5% of their all-in cost. Property Finder shows 4BR listings in Mykonos from approximately AED 2,350,000 to AED 2,984,000, with an average around AED 2,495,000. This listing at AED 2,500,000 is not the cheapest 4BR available in the cluster. The original Mykonos completion was expected Q4 2025 to December 2025 per Bayut and Property Finder; the agent's March 2027 date suggests an extended timeline. Row position, unit number, bathroom count, parking allocation, furnishing status and view direction were not stated in the brief and have been omitted. The original purchase price of AED 2,571,960 should be confirmed against the seller's SPA.
The asking price is AED 2,500,000 for a 4-bedroom townhouse with a built-up area of 2,282 sq ft on a 1,548 sq ft plot. This works out to approximately AED 1,096 per square foot of BUA.
The asking price of AED 2,500,000 is AED 71,960 below the agent-stated original purchase price of AED 2,571,960, representing a saving of 2.8%. When the seller's 4% DLD transfer fee of AED 102,878 is included, the seller's total cost was AED 2,674,838 and the total loss is AED 174,838 (6.5% of their all-in cost). The original purchase price should be confirmed against the seller's SPA.
Property Finder data shows 4-bedroom townhouses in Mykonos listed from approximately AED 2,350,000 to AED 2,984,000, with an average 4BR asking price around AED 2,495,000. This listing at AED 2,500,000 is close to the community average. There are cheaper 4BR listings available in Mykonos from approximately AED 2,350,000. At AED 1,096 per sq ft, this listing is below the broader DAMAC Lagoons community average of approximately AED 1,500 per sq ft, reflecting size differences across clusters. DAMAC Lagoons overall recorded 3,054 DLD transactions in the past 12 months with an average transaction price of AED 2,027,665 across all unit types.
The agent states handover in March 2027. Bayut and Property Finder data originally showed Mykonos completion expected in Q4 2025 to December 2025, suggesting the handover has been delayed. The March 2027 date from the agent is the most current figure. Buyers should confirm the actual expected handover date directly with DAMAC Properties.
Mykonos is one of the themed clusters within DAMAC Lagoons by DAMAC Properties. It is situated on the eastern side of the development, adjacent to Hessa Street. The cluster features Mediterranean-inspired townhouses including 4 and 5-bedroom configurations. Four-bedroom townhouses in Mykonos have a BUA of approximately 2,282 to 2,283 sq ft. Amenities include a Glow Lounge, windmill park, volcanic stone park, beach club and sandy beach. The cluster is reported as sold out, with 71 resale units currently listed on Property Finder.
DAMAC Lagoons is a 45-million-square-foot master community by DAMAC Properties, located on Hessa Street adjacent to DAMAC Hills in Dubai. The development features themed clusters inspired by Mediterranean destinations. Community amenities include crystal lagoons, sandy beaches, wave pools, a floating cinema, gondola rides, water sports facilities, retail outlets, restaurants and landscaped green spaces. The community is approximately 28 minutes from Al Maktoum International Airport and 15 minutes from Global Village. DAMAC Lagoons has recorded 3,054 DLD sale transactions in the past 12 months.
The original purchase price of AED 2,571,960 is sourced from the agent's brief and should be confirmed against the seller's SPA. Row position, unit number, bathroom count, parking allocation, furnishing status, view direction and floor layout details were not stated in the brief. The handover date of March 2027 is the agent's stated figure and may differ from DAMAC Properties' official timeline. The amount already paid by the seller was not disclosed. Buyers should request the seller's full payment history and SPA from DAMAC Properties.
Buyer costs
Dubai transfer costs for an off-plan unit. Every figure editable — NOC is set by the developer and varies.
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| VAT on agency (5%) | — |
Total cost
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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.
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| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
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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.
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