Sold out. In construction, expected June 2027
Sold out, in construction. 836 homes in a single project, 4 and 5 bedroom townhouses, 74.86 percent built, expected June 2027.
The project
Ibiza is the entertainment led Balearic themed townhouse cluster in DAMAC Lagoons, Dubailand. A single project of 836 homes, the largest in the master community by project, sold out and still in construction. This site is an independent marketing portal and is not official DAMAC.
This is the largest single project in the data set. Costa Brava has 1,049 homes across two phases, Nice 1,003 across two, Morocco 1,025 across two and Santorini 845 across two. Ibiza carries 836 in one project.
Construction status
Ibiza has not completed. The latest inspection report puts construction at 74.86 percent, and expected completion is 30 June 2027, roughly 18 months after its 31 December 2025 target.
The Ibiza payment plan places 20 percent at completion, and ties three instalments to verified construction milestones at 70, 80 and 90 percent rather than to calendar dates.
The registry records 12 February as the construction start for Mykonos in 2023 and for both Ibiza and Monte Carlo in 2022, and in all three cases it falls before the cluster's own sales launch. We have withheld the date pending verification rather than publish a figure that looks like a batch registration rather than a build start.
Our reading of two sourced figures: On the reported progress the 70 percent milestone has been passed and the 80 percent milestone has not.
Source: DAMAC pricing and payment plan sheet, and Dubai Land Department project inspection records via PropertyMonitor. Checked 6 September 2026.
Launch prices
| Code | Type | Launch price | Size | Calculated rate |
|---|---|---|---|---|
| LTH-4H-M | 4 bedroom townhouse, middle unit | Starting from AED 2.1 million | 2,273 sqft | AED 924 per sqft |
| LTH-5H-E | 5 bedroom townhouse, end unit | Starting from AED 2.8 million | 3,377 sqft | AED 829 per sqft |
Launch prices as published on the DAMAC Ibiza pricing sheet. These are not current asking prices.
Full table and the cross cluster comparison on the price list page.
Payment plan
Headline 20 / 60 / 20. Twenty percent sits at completion. Three instalments trigger at 70, 80 and 90 percent construction rather than on calendar dates.
Full 16 milestone table on the payment plan page.
Unit mix
| Type | Homes | Size |
|---|---|---|
| 4 bedroom townhouse | 527 | 2,273 sqft |
| 5 bedroom townhouse | 204 | 3,377 sqft |
| Bedroom count not recorded | 105 | Available on request |
The Dubai Land Department registry records 105 Ibiza units without a bedroom count or a built up area, 92 of them as townhouses and 13 as villas. We publish them as a separate row rather than distributing them across the known types. Checked 6 September 2026.
The registry records 13 Ibiza units as villas. DAMAC's Ibiza cluster plan and floor plans show only two townhouse layouts and no villa layout. We hold plot sizes for ten of these units, from 4,650 to 4,793 sqft, but no bedroom count, no built up area and no layout code. We publish what exists and flag the rest.
Homes and layouts
LTH-4H-M
2,273 sqft. Ground and first.
Ground: garden, patio, living and dining, kitchen, laundry and storage, bathroom, bedroom, main entrance, carport. First: master bedroom with walk in closet, two further bedrooms, two bathrooms, terrace, balcony. No second level, no maid's room in the supplied drawings.
LTH-5H-E
3,377 sqft. Ground, first and second.
Ground: garden, patio, living and dining, kitchen, laundry and storage, powder room, bedroom with bathroom, main entrance, carport. First: master bedroom with master bathroom and walk in closet, two further bedrooms, bathroom, terrace, balcony. Second: extra bedroom, bathroom, maid's room with its own maid's bathroom, terrace.
The maid's room and the extra bedroom appear on the five bedroom end unit only. The four bedroom middle unit is two storey. This is the same entry versus mid tier split seen at Costa Brava, Nice and Santorini.
On Ibiza the third level is labelled Second Floor. At Costa Brava, Nice and Santorini the equivalent level is labelled Roof. It is a full additional storey here, carrying an extra bedroom, a bathroom, a maid's room with its own bathroom and a terrace.
Costa Brava names its top level room the Adrenaline Room and Santorini names its the Games Room or Extra Bedroom. On Ibiza the drawing simply labels it Extra Bedroom, with no themed name. Nice has no equivalent room at all.
Full layout cards on the floor plans page.
Registered book
994 registered sale transactions (not homes), all time median AED 2.38 million. Last 12 months (28 April 2025 to 27 April 2026): 133 sales, median AED 3.02 million, rate AED 1,124 per sqft. Full tables live on the transactions page. Also see price appreciation.
Our arithmetic: 994 registered sale transactions against 836 homes is roughly 1.19 transactions per home.
Our arithmetic: Ibiza recorded 133 registered sales over the last 12 months, the highest of the five clusters we hold build records for, against 118 at Costa Brava, 111 at Nice, 58 at Santorini and 47 at Morocco. Ibiza has not completed, so this activity is off plan transfer rather than resale of delivered homes.
Source: Dubai Land Department registered sales via ADREC. Residential sales only, land plots excluded, rate outliers filtered to AED 50 to 8,000 per sqft. Data through 27 April 2026. Last checked 6 September 2026.
Specification
A vibrant lifestyle community with foam parties, lush lawns, rustic elements, white textures and floral accents, designed for adventure and community energy.
Ibiza is described as an entertainment led cluster with music festival amenities, a beach and a wave pool.
A Boho Lounge and a tapas lounge are named, and Ibiza is described as based on the Spanish island known for its nightlife and beaches.
No Ibiza brochure was supplied for this build, so there is no launch era amenity document to cite. Community amenities are on the amenities page.
Location
Ibiza sits within DAMAC Lagoons in Dubailand, opposite DAMAC Hills, accessed from Hessa Street. The cluster plan shows Ibiza fronting a lagoon along its western edge.
Drive times as published by DAMAC Properties, master plan article updated 7 April 2026. Actual times vary with traffic.
DAMAC Lagoons master plan · Costa Brava · Nice · Santorini · Morocco
About the Developer
DAMAC Properties is the developer of DAMAC Lagoons, including Ibiza. Legal entity on file: Island Oasis Properties. DLD community: Al Hebiah Fifth, Dubai.
The Dubai Land Department registry records Ibiza as sold out. For current availability, including resale, get in touch for current pricing and availability.
This website is an independent marketing portal and is not officially affiliated with DAMAC Properties. Official pages live on damacproperties.com.
Gallery
Official stills for Ibiza. Click a frame to enlarge.
Ibiza DAMAC Lagoons gallery
DAMAC Lagoons
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