AED 4,050,000

Mykonos Lagoons is a five-bedroom townhouse set within DAMAC Lagoons, one of Dubai’s most distinctive waterfront-themed master communities. The unit is move-in ready and suits families seeking generous living space in a resort-style environment. This is a distress sale, with the asking price sitting below the original purchase price paid by the current owner — a rare opportunity in a project where such concessions are almost never available on the secondary market.

The seller’s circumstances create a genuine entry window. Buyers who have been watching this community will recognise the pricing gap, and gaps of this kind tend to close quickly once wider market attention arrives.

Unit Features:

– Five-bedroom townhouse
– 3,390 sq ft internal area
– Approximately 315 sq m
– Big, open layout
– Residential community setting
– Distress deal below original price

Complex Amenities:

– Lagoon and beach access
– Swimming pools
– Fitness facilities
– Retail and dining within community
– Landscaped open spaces
– Children’s play areas

Architecture & Concept:

Mykonos Lagoons draws on the whitewashed, blue-accented palette of the Greek island it references. Low-rise townhouse clusters sit around interconnected lagoon water features, giving residents a resort atmosphere within a gated suburban setting. The architecture prioritises natural light, outdoor terracing, and visual connection to water throughout the streetscape.

About the Developer:

DAMAC Properties is one of the UAE’s largest private developers, with a track record spanning luxury residential, hospitality, and mixed-use assets across the Middle East and beyond.

Location & Benefits:

– DAMAC Lagoons district, Dubai
– Close to Emirates Road and Hessa Street
– Approximately 25 minutes to Dubai Marina
– Approximately 30 minutes to Downtown Dubai
– Near major retail and school corridors in Dubailand
– Strong family-occupier demand in the surrounding area

Investment Appeal:

– High rental demand from families seeking larger townhouses
– Lagoon communities command consistent leasing interest
– Entry below original purchase price compresses downside risk
– Value-growth potential as community nears full handover and occupancy
– Rare chance to acquire ahead of natural price correction upward
– Liquid asset class given strong end-user and investor appetite in DAMAC Lagoons

Frequently Asked Questions:

Q: Is this unit available for immediate transfer?
A: Yes, the seller is motivated and the unit is available for prompt transfer subject to standard DLD procedures.

Q: Why is the seller pricing below the original purchase price?
A: This is a distress sale driven by the seller’s personal circumstances, not by any issue with the property or the project.

Q: Is DAMAC Lagoons a freehold area open to all nationalities?
A: Yes, DAMAC Lagoons is a designated freehold zone, allowing buyers of any nationality to hold full ownership title.

To enquire about this unit and arrange a viewing, please use the contact form on this page.