Go to Search
Similar Properties for Sale in

Mykonos at Damac Lagoons

About Mykonos at Damac Lagoons

2,470,000 AED Starting Price from
4-5BR Available Units
2,282 Area from
(sq. ft.)
In progress Handover

Buy Similar Property in DAMAC Lagoons

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:

  • Honey Bar
  • Glow Lounge
  • Windmill Park
  • Beach Club
  • Paradise Beach
  • Volcanic Stones Park
  • Luxury pool floats
  • Pool Bar & Floating Gardens
Mykonos at Damac Lagoons
Our Expert Will Help You
Feel Free to Contact Us at Any Time, We Are Online 24/7

Property Information

  • Location DAMAC Lagoons, Dubai, UAE
  • Developer DAMAC
  • Status of Project In progress
  • Type of Project Townhouses
  • Available Units 4-5BR
  • Area from 2,282 sq. ft.

Floor Plans of Mykonos at Damac Lagoons

Property Prices

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

Payment Plan

20% Deposit
5% 1st to 11th installment
2% 12th Instalment
2% 13th Instalment
1% 14th Instalment
20% On Completion


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:

  • Carrefour
  • Mediclinic Parkview Hospital
  • Fairgreen International School, Akoya Nursery
  • Trump International Golf Club, Dubai Polo & Equestrian Club, Dubai Autodrome
Our Expert Will Help You
Feel Free to Contact Us at Any Time, We Are Online 24/7

Economic Appeal

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


Who is the developer of Mykonos?

The master developer of Mykonos is DAMAC Properties.

What is the address of Mykonos?

Mykonos is part of DAMAC Lagoons, which lies adjacent to DAMAC Hills.

What are the offered unit types?

Potential occupants may choose from a collection of 4 & 5-bedroom townhouses.

What is the completion date of Mykonos?

For information on the completion date of the cluster, please contact our real estate agents.

What are the Payment Plans for Mykonos?

There is an 80/20 payment plan available, which includes a 20% deposit that should be paid immediately.

How much does a townhouse cost in Mykonos?

A townhouse in Mykonos can be acquired for a minimum of AED 2.45M (USD 667K). The EOI stands at 5%.

Can I obtain residency if I buy property in Mykonos?

Yes, you can obtain residency when acquiring property here. In Dubai, the investor visa type depends on the unit value.

What type of visa can I get when I buy a property?

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).

Can a foreigner buy property in Mykonos?

Any nationality can buy property Mykonos, as the envisioned DAMAC Lagoons development is freehold.

Is a townhouse in Mykonos a good investment?

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.

Is Mykonos a good place for living in Dubai?

Mykonos is a fantastic address in a family-friendly community, which is nestled amongst crystal lagoons and pristine white beaches.

What are the pros and cons of living in DAMAC Lagoons?

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.

Similar Projects

Contact Us

Metropolitan Premium Properties

  • [email protected]
  • +971 54 321 9259
  • Office 1913, Al Manara Tower,
    Business Bay, Dubai, UAE

Get A Free Consultation

Ready for your new home?

    Our newsletter

    Sign up for our weekly newsletter for market updates!