Photos and renders of the building and grounds — not of this particular unit.
Damac Lagoons - Santorini (1)
5 BR · Townhouse
About the building
Located in Damac Lagoons, completed in 2025.
Specifications for Santorini at Damac Lagoons per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
Damac Hills
A golf community around the Trump International course, with a large park and a wide range of villa and apartment product.
- golf and park amenity
- better yields than Emaar communities
- family space
What to check: Community management and service charges have been the recurring issue in Damac communities rather than the structures. Check the current state of the specific sub-community and its charge history rather than the community as a whole.
Full district guide →Questions and answers about lot NP9-247480
How much is this 5-bedroom townhouse in Damac Lagoons - Santorini (1)?
Lot NP9-247480 is priced at AED 3 500 000, about $953 000. 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 Hills?
The database holds 17 lots in Damac Hills, starting from AED 620 000. The area median is AED 1 545 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 5 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Damac Hills area guide →Is the property ready or still under construction?
The handover date in the listing is Q4 2026. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 140 000 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 3 500 000. 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 - Santorini (1)?
The project has 847 units. The developer is Damac. Completion year: 2025. 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 NP9-247480 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
A mortgage covers the final instalment
The final payment on this building falls in 2026 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
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