Mykonos at DAMAC Lagoons by DAMAC

Mykonos at DAMAC Lagoons is a cluster of 575 townhouses by DAMAC Properties inside the DAMAC Lagoons community in Dubai, offered as 4 bedroom and 5 bedroom homes. It is one of the community's destination-themed clusters, designed around the Greek island of the same name, and it is under construction at an advanced stage with handover estimated for Q2 2027.

Mykonos sits inside DAMAC Lagoons, which lies along Hessa Street directly opposite the DAMAC Hills community and within minutes of Mohammed Bin Zayed Road, Emirates Road and Al Khail Road. DAMAC's Mykonos brochure gives community-level drive times of about 5 minutes to Jebel Ali School, 12 minutes to Mediclinic Parkview Hospital, 13 minutes to Dubai Miracle Garden, 14 minutes to Global Village, 24 minutes to Mall of the Emirates and 28 minutes to Al Maktoum International Airport.

DAMAC describes the architecture as Cycladic elements brought to life with a contemporary feel, using clean lines and earthy bohemian exteriors. Inside, the developer pairs marble and stone, or wood with white-washed walls, for an organic, artisanal feel with a modern Mediterranean theme. The interior renderings are illustrative, so the finishes for a specific home should be confirmed against its SPA.

The 4 Bedroom Townhouses are priced at AED 2.47M ≈ USD 673K for 2,283 sq ft (212 sq m), and the 5 Bedroom Townhouses at AED 3.28M ≈ USD 893K for 3,376 sq ft (314 sq m). According to DAMAC's floor plans, the 4 bedroom townhouse is laid out over ground and first floors, and the 5 bedroom townhouse over ground, first and second floors.

DAMAC's Mykonos materials list a pool with a submerged pool bar, floating gardens and floating pods, luxury pool floats, a Beach Club, Paradise Beach with swings and sunken seating, an open-air Glow Lounge, a Honey Bar serving pure, all-natural honeys, Windmill Park, Volcanic Stones Park, and parks with verdant gardens, manicured lawns and meandering paths. These are shared community facilities, not features of an individual townhouse.

Handover is estimated for Q2 2027. The project is under construction at an advanced stage, and progress against RERA inspection data is tracked in the Mykonos at DAMAC Lagoons construction updates guide. Under DAMAC's plan the final 20% of the price falls due on completion, so the handover timing also sets when that payment is called.

DAMAC's published launch plan follows an 80/20 structure: a 20% deposit on booking, eleven instalments of 5% every three months up to month 33 of the sale date, three construction-linked instalments of 2%, 2% and 1%, and 20% on completion. On top of the price, the 4% DLD registration fee is paid together with the initial deposit. Because the launch schedule runs longer than the time left before handover, the instalments a new buyer pays are confirmed in the SPA.

Yes. Mykonos at DAMAC Lagoons is a freehold property, open to all nationalities, so a buyer from any country can own a townhouse outright in their own name.

Both townhouse types are priced above the AED 2M ≈ USD 545K property investment threshold for the 10 year UAE Golden Visa, with the lowest-priced home, the 4 Bedroom Townhouse, at AED 2.47M. Eligibility is decided by the ICP and the Dubai Land Department at the time of application, and for a home still under construction the application rests on its Oqood registration until the title deed is issued. The Mykonos at DAMAC Lagoons Golden Visa guide covers the steps in detail.

Off plan payments are made into the project's DLD-registered escrow account with Emirates NBD and released to the developer only against verified construction progress, a framework regulated by the Dubai Land Department. The Mykonos at DAMAC Lagoons escrow account guide explains how the account works and how to verify it.

Yes. The full process, from reservation and SPA signing to Oqood registration, can be completed remotely, and I manage it end to end with DAMAC on your behalf. Each stage of a remote purchase is documented in my Dubai real estate guide library.

The current position is limited units available. DAMAC controls the release and pricing of its remaining stock, and resale units from earlier buyers can also come to market, so terms differ by unit and by seller. Whichever route applies, an independent inspection before you accept the home is the main safeguard at handover, and the Mykonos at DAMAC Lagoons snagging inspection guide explains what is checked in a multi-level townhouse.