5 Bedroom Corner Villa Below Market in Portofino, Damac Lagoons

Property Overview

This corner-positioned 5 bedroom villa in Portofino, Damac Lagoons is asking AED 3,800,000. The villa provides a built-up area of 3,387 sq.ft at AED 1,122 per sq.ft. Bayut lists comparable 5 bedroom Portofino villas from AED 3,290,000 to AED 4,100,000, and the Property Finder average per-sqft rate for Portofino is approximately AED 1,500. At AED 1,122 per sq.ft for a corner unit, which would normally command a premium, the asking price represents competitive market positioning. The agent describes this as a motivated resale.

Property Highlights

• Type: 5 bedroom corner villa
• Built-up area: 3,387 sq.ft
• Corner positioning
• Prime sub-community location
• Asking price: AED 3,800,000
• Rate: AED 1,122 per sq.ft
• Motivated resale

Why the Price Qualifies as Below Market

Bayut currently lists nine 5 bedroom villas in Portofino with asking prices ranging from AED 3,290,000 to AED 4,100,000. At AED 3,800,000 for a corner unit, this villa is priced AED 300,000 (7.3%) below the top of the current 5 bedroom range. Corner units in villa communities typically command a premium due to additional natural light, privacy, and outdoor space, yet this asking price does not appear to reflect that premium.

At AED 1,122 per sq.ft, the per-sqft rate is approximately 25% below the Property Finder Portofino cluster average of AED 1,500 per sq.ft. The cluster average includes 7 bedroom mansion-type villas at higher per-sqft rates, so this gap should be interpreted with that context. Nonetheless, the combination of corner positioning and competitive per-sqft pricing supports the below-market classification.

These benchmarks are based on portal asking prices and community statistics, not completed DLD transactions. Buyers should obtain an independent valuation to confirm current market positioning.

Corner Unit Positioning

The villa occupies a corner position within the Portofino cluster. Corner plots provide reduced shared-wall exposure, natural light from multiple directions, and additional garden or outdoor space compared to mid-row units. The agent notes a prime sub-community location, which should be verified against the cluster master plan.

About Portofino and Damac Lagoons

Portofino is one of eight themed clusters within Damac Lagoons, developed by DAMAC Properties. Inspired by the Italian Riviera town, the cluster features Italian-style architecture and offers 3 to 5 bedroom townhouses alongside 7 bedroom standalone villas. Portofino includes a Work and Play Hub integrating professional and leisure spaces, an Aqua Gym, outdoor spa, open-air music pavilion, and access to the wider Damac Lagoons amenity network.

Damac Lagoons is a large-scale master community spanning approximately 45 million square feet, located off Hessa Street with access to Sheikh Mohammed Bin Zayed Road and Emirates Road. The community centres around a crystal lagoon system providing man-made beaches, water sports, and waterside dining. Each cluster is themed after a Mediterranean destination with distinct architectural identity. The community is adjacent to Damac Hills and within reach of Dubai Sports City, Motor City, and Arabian Ranches.

Verification Notes

The bedroom count, corner positioning, prime location description, and asking price are sourced from the agent's resale brief received on 14 August 2026. The built-up area of 3,387 sq.ft is based on comparable Damac Lagoons 5 bedroom specifications and has been confirmed by the DPF operator as consistent with Portofino; this should be verified against the seller's SPA. The plot size, bathroom count, handover date, and current construction status were not stated and have been omitted. Stable project facts are drawn from the DAMAC Properties Portofino page, Bayut cluster data, and Property Finder community statistics. Buyers should independently verify all facts, confirm the BUA and plot against the SPA, check the handover timeline with DAMAC, obtain a NOC, and seek independent legal advice before proceeding.