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Mykonos Damac Lagoons in Dubai
Mykonos Damac Lagoons in Dubai, UAE offers apartments with different number of bedrooms within its gated community. The size of the residential units at Mykonos Damac Lagoons range from 212 to 307 sq. m. Properties in Mykonos Damac Lagoons for investment are expected to be ready for occupancy in Q4 2026.
Mykonos Damac Lagoons in Dubailand
The gated community will feature a supermarket, cinema, and cafes. The presence of these amenities in close proximity is an added benefit for tenants, investors, and those looking to purchase properties in Dubai for their own residences.
The average return on investment for residences in the Dubailand area in 2023 is approximately 5%, making property in Mykonos Damac Lagoons a lucrative investment with the potential for consistent high returns.
Upon completion of the development, real estate prices are expected to increase by approximately 20%, making it advantageous to purchase off-plan projects in Mykonos Damac Lagoons.
The residential complex is conveniently located near social amenities and popular locations. For example, the prestigious King's School Al Barsha is just a 20-minute drive away and Chubby Cheeks Nursery in Al Karama is a 35-minute drive from the area.
Many of Dubai's attractions are within half an hour's drive. Dubai Marina is only 28-30 minutes away, where you can stroll along the waterfront, admire the yachts moored in the marina, and dine at local restaurants.
The famous Downtown Dubai district is about a 30-minute drive away. Here you'll find the iconic Burj Khalifa, which has long been a tourist hotspot in Dubai. The Burj Al Arab Hotel and Dubai Mall are both within a 30-minute drive, as is the Palm Jumeirah area.
There is a golf course close to the community. Mykonos Damac Lagoons will feature a spa salon, fitness center, yoga and pilates studio, conference center, children's playground, barbecue area and a pool with waterslides. There will also be landscaped gardens, walking paths and benches. Each home will have a two-car parking space in front of it.
Townhouses in Mykonos Damac Lagoons
The development will include 5- and 6-bedroom townhouses. Each house will have a separate backyard with a private garden.
The 4-bedroom townhouses will have 2 levels. The first level will include an entrance hall, living room with dining area, kitchen, guest bedroom with bathroom, and a combined laundry and storage room. The living room will have direct access to the terrace. The second level will have a balcony, terrace, 3 bedrooms and 2 bathrooms.
The 5-bedroom units will have 3 levels. The layouts of the first and second levels of the townhouses will largely mirror the 4-bedroom homes, but the first floor will also have an additional guest bathroom. The third level will have a spacious master bedroom with ensuite bathroom, a maid's room, and a terrace.
Prices from the developer in Mykonos Damac Lagoons: In 2023, the price for 4-bedroom apartments in Mykonos at Damac Lagoons is AED 2.47 million (approx. $672,500). Townhouses with 5 bedrooms will be sold for AED 3.28 million (approx. $893,000).
Mykonos Damac Lagoons by DAMAC Properties PJSC
DAMAC Properties is responsible for the construction of this community. The company was founded in 2002 and operates not only in the United Arab Emirates, but also throughout the Middle East. In addition to residential properties, the company also builds large commercial spaces.
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