Mykonos by DAMAC Properties

Mykonos by DAMAC Properties is one of the latest clusters in the elite family-oriented mega-project DAMAC Lagoons, covering an area of over 4 sq. km. In the new community, inspired by the colorful atmosphere of the bohemian Greek island, spacious townhouses with 4 and 5 bedrooms and exclusive premium amenities will be presented.

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$ 673 000
Price
Q4 2025
Handover
80/20
Payment plan
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About the Project

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greek resort atmosphere

Mykonos in DAMAC Lagoons

The Mykonos cluster is the latest development in the ambitious DAMAC Lagoons mega-project. The developer of the community, DAMAC Properties, is one of the leaders in luxury real estate in the UAE, having been implementing premium residential complexes in the Middle East for over 20 years. The bohemian atmosphere of the fashionable Greek resort will be recreated in the Mykonos project, emphasizing the beauty of the Mediterranean coast. Completion of work on the construction of a luxury cluster is planned for the fourth quarter of 2025.

The new addition to the DAMAC Lagoons mega-community features elegant spacious townhouses with 4-5 bedrooms. The residences are complemented by their own plots, and the living area varies from 212 sq. m to 307 sq. m.

Exteriors and interiors of Mykonos townhouses will be designed in the style of a resort Greek island, with light color schemes, open living spaces, and panoramic windows. Each residence is created with a focus on comfort and practicality. The master plan includes at least one balcony and terrace, a laundry/storage room, a separate kitchen, built-in wardrobes in the bedrooms, and a private garden. There is room for parking 1-2 cars on the spacious plot.

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Key advantages

All amenities and entertainment in the Mykonos cluster will be designed in the spirit of an elite resort town. Residents will be able to enjoy white sandy beaches and unique beach areas with loungers and daybeds. Among the exclusive entertainment services of the Mykonos cluster are a honey bar, an outdoor Glow Lounge, a windmill park, a beach club, a volcanic rock garden, and water gardens. You can relax and have a good time on private "rafts" or at the poolside bar.

  • white sandy beaches
  • unique beach areas with loungers
  • honey bar
  • outdoor Glow Lounge
  • windmill park
  • beach club
  • volcanic rock garden
  • private "rafts" in the pool
  • poolside bar
  • water gardens
  • learn more

In addition, Mykonos residents will have access to exclusive amenities of all other clusters of the prestigious DAMAC Lagoons community, including a luxurious central lagoon in the shape of the letter D, sports facilities, unique water entertainment, original coworking spaces, F&B outlets, and more.

According to DAMAC Properties, in the second quarter of 2023, the minimum cost of a townhouse with four bedrooms in the Mykonos cluster in DAMAC Lagoons is AED 2.47 million (USD 673,000). The price of a residence with five bedrooms is AED 3.3 million (USD 893,000). Currently, townhouses in the Mykonos cluster can be purchased on a favorable payment plan from the developer — 80/20.

Infrastructure

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The Mykonos cluster will become part of the mega-community DAMAC Lagoons. In the near future, residents will have access to all the infrastructure and entertainment facilities provided in the master plan.

While DAMAC Lagoons is still under active construction, its residents can use public transport and social infrastructure in the neighboring communities of DAMAC Hills and Remraam. Within a 10-15 minute drive by car, there are such educational institutions as Blossom DAMAC Hills, The Wonder Years Nursery, Akoya Nursery, Jebel Ali School, and South View School Dubai. As for medical facilities, Aster Clinic, Remraam, Saudi German Clinics DAMAC Hills, and Emirates Hospital Day Surgery & Medical Center, Motor City are located in DAMAC Hills and Remraam. It takes about 10-20 minutes to get to the listed institutions.

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Location

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10-20 minutes

Dubai Miracle Garden, Al Maktoum International Airport (DWC), Trump International Golf Club, Expo City Dubai, Global Village

25-40 minutes

Palm Jumeirah, Mall of Emirates, Dubai Marina, Business Bay, Downtown Dubai, Dubai International Airport (DXB)

Family-oriented mega-project DAMAC Lagoons, of which the Mykonos cluster will be a part, is conveniently located at the intersection of bustling Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street. From here, project residents can easily access Emirates Road and Sheikh Mohammed Bin Zayed Road and quickly reach all the key locations in the emirate.

The drive to the Trump International Golf Club in the neighboring community of DAMAC Hills takes less than 10 minutes. The stunning Miracle Garden and entertainment exhibits at Global Village are a quarter-hour drive from the Mykonos cluster. A little further away, 20-30 minutes by car, are no less popular Dubai locations: the exhibition complex in Expo City Dubai and Al Maktoum International Airport (DWC), Dubai Marina, Palm Jumeirah, and Mall of the Emirates, where you can go shopping. Dubai Mall and other attractions of Downtown Dubai, as well as the Business Bay business center, are a 35-40 minute drive from the Mykonos cluster. The road to Dubai International Airport (DXB) will take more than 40 minutes.

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project benefits

Economic attractiveness

Spacious and stylish Mykonos townhouses are an excellent opportunity to immerse yourself in the luxury of private resort life with quick access to all the key amenities of the metropolis. Real estate in the new DAMAC Lagoons cluster will attract young couples, families with children, comfort lovers, and beachgoers.

Despite the fact that the DAMAC Lagoons community is still under construction, villas and townhouses there are in high demand among local residents and foreign investors. It is assumed that by the time of the project transfer, scheduled for 2025, the property price will significantly increase, which makes it a profitable investment asset. As of the second quarter of 2023, the cost of annual rent for a townhouse in the neighboring DAMAC Hills community starts from AED 165 thousand (USD 45 thousand). The return on investment exceeds 8%.

UAE residency visa

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Foreign owners of townhouses in Mykonos investing in real estate in the UAE from AED 2 million (USD 545 thousand) are entitled to a Golden Visa for 10 years for themselves, family members, and domestic staff. The document can be issued after the project transfer.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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