7-Bedroom V75 Villa on a 17,000 sq ft Plot in Portofino, DAMAC Lagoons, Ready for Handover

Property Overview

This 7-bedroom V75 villa in Portofino, DAMAC Lagoons, is offered at AED 19,000,000 and is described by the agent as ready for handover, with 70% of the price already paid. It sits on a 17,000 sq ft plot with a built-up area of 12,280 to 13,000 sq ft. Using the lower figure, the price works out to about AED 1,547 per sq ft. The asking price is slightly above the stated original price plus DLD.

Property Highlights

• Property type: Villa
• Bedrooms: 7
• Villa type: V75
• Built-up area: 12,280 to 13,000 sq ft
• Plot size: 17,000 sq ft
• Asking price: AED 19,000,000
• Stated original price plus DLD: AED 18,800,000
• Price per sq ft: about AED 1,462 to AED 1,547
• Payment: 70% paid
• Status: Off-plan, ready for handover
• Financing: Mortgage allowed (as stated by the agent)
• Cluster: Portofino
• Community: DAMAC Lagoons

How the Price Compares

The agent gives the original price plus DLD fee as AED 18,800,000. The asking price of AED 19,000,000 is AED 200,000 higher, a premium of about 1.1%. This is therefore not a below-original-price deal, and DPF does not claim a discount. It is listed as off-plan distress because the villa has not yet been handed over and was submitted as a super deal.

Large villas on big plots trade infrequently, so buyers should look for recent Portofino or DAMAC Lagoons sales of similar villa types and plot sizes.

About Portofino and DAMAC Lagoons

Portofino is one of the clusters in DAMAC Lagoons, DAMAC's lagoon-led villa and townhouse community in Dubailand. Portal listings during 2026 describe the cluster as approaching handover.

Layout and Plot

The agent confirms 7 bedrooms in the V75 villa type, a 12,280 to 13,000 sq ft built-up area and a 17,000 sq ft plot. Bathrooms, parking, pool and plot position were not supplied. Request the V75 floor plans and plot plan, and confirm the exact built-up area from the SPA.

Payment Plan and Handover

The agent states 70% has been paid, the villa is ready for handover and a mortgage is allowed. Confirm the remaining balance due at handover, the handover date and lender eligibility from DAMAC's statement of account and the SPA before committing.

Location and Connectivity

DAMAC Lagoons is located in Dubailand, near DAMAC Hills. Travel times depend on route and traffic.

Verification Notes

• Agent-supplied facts: 7 bedrooms, V75 type, 12,280 to 13,000 sq ft BUA, 17,000 sq ft plot, 70% paid, ready for handover, mortgage allowed, OP plus DLD AED 18,800,000, asking price AED 19,000,000.
• DPF calculations: about AED 1,462 to 1,547 per sq ft; asking price AED 200,000 (about 1.1%) above OP plus DLD.
• External research: Portofino handover status from portal listing data; no official DAMAC page was found.
• Not supplied: exact BUA, handover date, remaining balance in AED, bathrooms, parking and pool.