Ibiza at DAMAC Lagoons by DAMAC

Ibiza at DAMAC Lagoons is a cluster of 823 townhouses by DAMAC Properties inside the DAMAC Lagoons community in Dubai, offered as 4 Bedroom Townhouses and 5 Bedroom Townhouses. The name is a design theme taken from the Balearic island of Ibiza: DAMAC's materials describe Mediterranean-inspired homes that pair wood with white finishes, bring in natural light through generous windows and set clean lines against floral planting. The project is under construction, with handover expected in Q2 2027.

The cluster is part of DAMAC Lagoons, which DAMAC places along Hessa Street directly opposite the DAMAC Hills community, within minutes of Mohammed Bin Zayed Road, Emirates Road and Al Khail Road. On DAMAC's community masterplan, Ibiza sits near the Marbella and Monte Carlo clusters. Approximate drive times from DAMAC Lagoons, per DAMAC's Ibiza brochure, are Jebel Ali School 5 minutes, Mediclinic Parkview Hospital 12 minutes, Dubai Miracle Garden 13 minutes, Global Village 14 minutes, Mall of the Emirates 24 minutes and Al Maktoum International Airport 28 minutes.

The price list covers two home types. The 4 Bedroom Townhouse measures 2,273 sq ft (211 sq m) and, on DAMAC's floor plans, is laid out over ground and first floors. The 5 Bedroom Townhouse measures 3,377 sq ft (314 sq m) and is laid out over ground, first and second floors.

4 Bedroom Townhouses start from AED 2.10M ≈ USD 572K and 5 Bedroom Townhouses from AED 2.80M ≈ USD 762K. Prices on the remaining units are set by DAMAC and can be revised as the project moves toward handover, so the figure in the reservation form and SPA is the one that binds.

DAMAC built the shared spaces around the Ibiza theme: community lawns for gatherings and foam parties, an events calendar that DAMAC says will bring festival-style music and DJ performances, a Boho Lounge courtyard with natural materials and muted colours, a Tapas Lounge serving Ibiza-styled Spanish cuisine, a hammock chill-out spot and Sunset Beach as an end-of-day social space. DAMAC's renderings also show a treehouse playground, an outdoor cinema with lawn seating and landscaped walking and cycling paths. These are shared community facilities, not part of an individual townhouse.

Handover is expected in Q2 2027 (estimated). The project is at an advanced stage of construction, and each reading on the Dubai Land Department project register is tracked in the Ibiza at DAMAC Lagoons construction updates guide. Buyers should confirm the current handover timetable with DAMAC in writing before committing.

DAMAC's published launch payment plan is an 80/20 structure: a 20% deposit on booking, eleven instalments of 5% every three months up to month 33 from the sale date, a further 5% across three later construction milestones (2%, 2% and 1%), and 20% on completion. Because the time-linked instalments count from each buyer's own sale date, a purchase made this close to handover cannot run on the launch timetable as written. The schedule that applies is the one confirmed in the SPA, and terms on remaining units or resales can differ.

The main addition is the Dubai Land Department registration fee of 4% of the purchase price, which DAMAC's plan collects in addition to the initial 20% deposit. Any further administrative charges are set out in DAMAC's reservation and SPA documents.

Yes. Ibiza at DAMAC Lagoons is freehold, open to all nationalities, so non-residents can own a townhouse outright. The full purchase, from reservation and SPA signing to registration, can be completed remotely, and I manage it end to end with DAMAC on the buyer's behalf. Each stage of a remote purchase is documented in my Dubai real estate guide library.

Both home types are priced at or above the AED 2M ≈ USD 545K property value threshold for the 10-year UAE Golden Visa: the 4 Bedroom Townhouse from AED 2.10M, AED 100K above the line, and the 5 Bedroom Townhouse from AED 2.80M. Eligibility is assessed by the ICP and the Dubai Land Department at application against the value registered on the Oqood or title deed, so a negotiated price below AED 2M would not qualify on its own. The Ibiza at DAMAC Lagoons Golden Visa guide covers the requirements in detail.

Off-plan payments are made into the project's DLD-registered escrow account held with Emirates NBD and are released to the developer against verified construction progress, a framework regulated by the Dubai Land Department. How the account works and how to check it is explained in the Ibiza at DAMAC Lagoons escrow account guide.

Yes. Limited units are available, and availability and pricing on the remaining stock are controlled by DAMAC, which can change both between releases. The trade-off for a late buyer is clear: less time waiting for the home, and a shorter window to fund the balance before the 20% completion payment. Buying late also brings the handover inspection forward in the plan: a pre-handover snagging inspection, explained in the Ibiza at DAMAC Lagoons snagging inspection guide, records defects before the keys are accepted.