Mykonos at DAMAC Lagoons by DAMAC Golden Visa

The property route to the UAE Golden Visa currently uses a minimum property value of AED 2M ≈ USD 545K, measured on the registered purchase value. At Mykonos at DAMAC Lagoons the 4 Bedroom Townhouse starts at AED 2.47M ≈ USD 673K and the 5 Bedroom Townhouse at AED 3.28M ≈ USD 893K, so each layout clears the threshold by itself at its starting price. The ICP and the Dubai Land Department make the eligibility decision under the rules in force when you apply, and the full criteria are set out in the Dubai Golden Visa requirements guide.

Usually, yes. While a Mykonos townhouse is under construction, an application rests on its Oqood registration, plus proof that the contract value qualifies and that any paid-amount condition in force on the day you apply has been met. Handover is estimated for Q2 2027, and an owner in no hurry can hold off until the title deed is issued after the completion payment, which keeps the file as plain as possible. The route is explained in the off-plan property Golden Visa guide.

DAMAC's published launch plan for Mykonos asks for 20% on booking plus the 4% DLD fee, then eleven 5% instalments every three months through month 33 of the sale date, 5% across three later construction milestones, and 20% on completion. Because most of the price falls due before completion, buyers often meet the paid-value conditions commonly applied to off-plan applications during construction. A contract signed now follows the schedule in its own SPA, so timing depends on what has actually been paid against that contract; progress toward completion is tracked on the Mykonos at DAMAC Lagoons construction updates page.

No. Eligibility is measured on the registered purchase value of the property itself. The 4% DLD registration fee paid at booking is a government charge on top of the price and is not added to that value. At Mykonos at DAMAC Lagoons this makes no practical difference, because the lowest starting price, the 4 Bedroom Townhouse at AED 2.47M ≈ USD 673K, already sits above the threshold without it.

Mortgaged property can be accepted for the property route under conditions set by the ICP and the Dubai Land Department, which are commonly tied to the amount already paid toward the property and are updated from time to time. Both Mykonos layouts are priced above AED 2M ≈ USD 545K, but whether a loan-funded share of the price counts depends on the conditions in force when you apply, so confirm them with the lender and the issuing authorities before structuring the purchase around finance.

Usually not through an equal split. Conditions commonly applied to joint ownership look at each owner's share of the property value, and an equal two-way share of a 4 Bedroom Townhouse at AED 2.47M ≈ USD 673K, or of a 5 Bedroom Townhouse at AED 3.28M ≈ USD 893K, leaves each share below AED 2M ≈ USD 545K. The treatment of joint and spousal ownership is set by the rules in force at the time of application, so confirm it before deciding how the title is held.

Golden Visa holders can currently sponsor family members, including a spouse and children, subject to the conditions in force at the time of application. The 4 and 5 bedroom layouts at Mykonos are sized for that kind of household. What sponsorship covers, and what it does not, is set out in the Dubai Golden Visa benefits guide.

The program's current term is 10 years, renewable. Renewal generally depends on still holding qualifying property at the required value when the visa comes up for renewal, under the conditions in force at that time, so selling the Mykonos townhouse without a replacement holding would affect it. The steps from registration to Emirates ID are covered in the guide on how to apply for the UAE Golden Visa.

No service fee is charged. Buyers who purchase a Mykonos townhouse through this advisory receive the VIP Golden Visa application service, from document preparation to submission and status follow-up, free of charge. The service is free, and the official government fees still apply, as published by the issuing authorities when the application is made.

No. A qualifying purchase gives you the right to apply; approval still turns on every requirement in force when you apply, such as verification of ownership and the standard security checks. Layouts, prices and the payment plan behind your application are detailed in the Mykonos at DAMAC Lagoons project guide.