Photos and renders of the building and grounds — not of this particular unit.
DAMAC LAGOONS - MYKONOS
5 BR · Townhouse
About the building
Located in Damac Lagoons.
Where it is
The pin is placed by district — I send the exact address on request.
Damac Lagoons
Mediterranean-themed clusters around swimmable lagoons, next to Damac Hills — the water-community answer to the golf community.
- swimmable lagoon living
- family townhouses
- differentiated product
What to check: The gap between a lagoon-frontage plot and one several rows back is the biggest price variable here and it is easy to misread on a masterplan. Establish exactly what your plot faces before paying a waterfront premium.
Full district guide →Questions and answers about lot NP3-109362
How much is this 5-bedroom townhouse in DAMAC LAGOONS - MYKONOS?
Lot NP3-109362 is priced at AED 4 350 000, about $1 184 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
What are prices like in Damac Lagoons?
The database holds 29 lots in Damac Lagoons, starting from AED 480 000. The area median is AED 1 305 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 7 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Damac Lagoons area guide →Is the property ready or still under construction?
The handover date in the listing is 2025, which has already passed. I will confirm whether the property has actually been handed over when you ask: listings are not always updated.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 870 000; a loan of AED 3 480 000 over 25 years at 3.75–4.99% a year comes to roughly AED 17 900–20 300 a month. A non-resident puts down from 40% (AED 1 740 000) and pays about AED 13 400–15 200 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 174 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 4 350 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about DAMAC LAGOONS - MYKONOS?
The project has 475 units. The developer is Damac. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP3-109362 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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