Mykonos comes as one of the final townhouse clusters in the Mediterranean-inspired DAMAC Lagoons community by DAMAC Properties. There are 2-storey 4-bedroom and 3-storey 5-bedroom residences available for purchase.
The estimated BUA of the townhouses is either 2,282 sq.ft or 3,300 sq. ft, whilst the plot size constitutes approximately 1,550 sq. ft or 2,340 sq. ft. The key features of the layouts include a garden, a laundry/storage room, covered parking area, a terrace, 1-2 balconies and a powder room.
When living in Mykonos, you will be able to enjoy a variety of resort-like amenities within the cluster. These include:
The starting price for 4-bedroom properties in Mykonos stands at AED 2.45M (USD 667K), as of April 2023. Please note that the EOI amounts to 5% of the unit value.
*The price is valid for 2023
Mykonos, which consists of the Ibiza, Marbella and Monte Carlo communities, will boast close proximity to the Al Khail Road, Emirates Road and Mohammed Bin Zayed Road. As a result, occupants of this cluster will be able to easily access Dubai’s most popular addresses, including Dubai Marina, DIFC, Downtown Dubai and both of the international airports. Travel time to the previously-mentioned destinations should not exceed 35 minutes by car.
Within about 15 minutes by car, there is an array of grocery stores, schools and hospitals, in addition to coveted landmarks, that can be found. These include:
Residents of Mykonos will be granted privileged access to all the exciting amenities DAMAC Lagoons has to offer. These include alcohol-licensed bars, entertainment venues, a Tapas Lounge, a floating cinema, a floating amphitheater, an Aqua Wall for climbing and many others.
Owners of townhouses in Mykonos can apply for a 10-year Golden Visa, which has a minimum qualifying investment amount of AED 2M (USD 545K). This type of residency covers your family and an unlimited amount of domestic staff. On top of that, Golden Visa holders are granted an Esaad card, which offers savings on everything from theme parks visits and flights, to school fees and health services. The Esaad card is valid across 7,000+ brands in 92 countries worldwide, besides the UAE.
If you are willing to rent out your property upon completion, you can calculate an estimated profit based on the indicators of the adjacent community by DAMAC Properties, called DAMAC Hills. As of April 2023, the starting rental rates for 4-bedroom townhouses currently stand at AED 205K (USD 56K), with an average gross yield of 8.1%, according to Property Finder. Based on this data, it is safe to say that you will be able to gain a lucrative rental income, which will only increase once the infrastructure in DAMAC Lagoons is fully completed.
*The price is valid for 2023
The master developer of Mykonos is DAMAC Properties.
Mykonos is part of DAMAC Lagoons, which lies adjacent to DAMAC Hills.
Potential occupants may choose from a collection of 4 & 5-bedroom townhouses.
For information on the completion date of the cluster, please contact our real estate agents.
There is an 80/20 payment plan available, which includes a 20% deposit that should be paid immediately.
A townhouse in Mykonos can be acquired for a minimum of AED 2.45M (USD 667K). The EOI stands at 5%.
Yes, you can obtain residency when acquiring property here. In Dubai, the investor visa type depends on the unit value.
You will become eligible for a 10-year Golden Visa, which will cover your family and domestic staff. The minimum qualifying sum constitutes AED 2M (USD 545K).
Any nationality can buy property Mykonos, as the envisioned DAMAC Lagoons development is freehold.
A townhouse in this cluster is a highly appealing investment option, since similar properties generate a whopping gross ROI of 8.1% on average in the neighbouring area of DAMAC Hills, as of April 2023.
Mykonos is a fantastic address in a family-friendly community, which is nestled amongst crystal lagoons and pristine white beaches.
DAMAC Lagoons boasts excellent road connectivity thanks to the Al Khail Road, Emirates Road and Mohammed Bin Zayed Road nearby. As a result, one can reach Mediclinic Parkview Hospital, Akoya Nursery and Fairgreen International School within about 15 minutes by car.
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