Sold out. 79.74 percent built, expected February 2027
Mykonos at DAMAC Lagoons
Sold out, in construction. 540 townhouses in a single project, 4 and 5 bedrooms, 79.74 percent built, expected February 2027.
- 540 townhouses
- 4 and 5 bedrooms
- 79.74 percent built
- 587 registered sales
The project
Mykonos overview
Mykonos is the Greek island themed townhouse cluster on the western edge of DAMAC Lagoons, Dubailand. A single project of 540 homes, all townhouses, sold out and still in construction. This site is an independent marketing portal and is not official DAMAC.
All 540 homes are townhouses. The registry property type, the project type and the typology table agree, and the DAMAC floor plan sheet titles and cluster plan legend show only townhouse layouts.
Construction status
Where Mykonos stands today
Mykonos has not completed. The latest inspection report puts construction at 79.74 percent, and expected completion is 28 February 2027, roughly 14 months after its 31 December 2025 target.
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.
DAMAC's own Mykonos project page still shows a Q4 2025 handover. That was the original target. The registry expected completion is 28 February 2027 and construction is 79.74 percent built, so the project page figure is out of date.
Source: Dubai Land Department project inspection records via PropertyMonitor. Checked 6 September 2026.
Launch prices
Launch prices and how they compare
Launch prices as published on the DAMAC Mykonos pricing and payment plan sheet, with registry figures disclosed where they differ. These are not current asking prices. Rates are calculated from the published launch price and the registered built up area. Not PropertyMonitor headline figures.
| Code | Type | Launch price | Size | Calculated rate |
|---|---|---|---|---|
| LTH-4J-M | 4 bedroom townhouse | AED 2,470,000 | 2,283 sqft | AED 1,082 per sqft |
| LTH-5J-E | 5 bedroom townhouse | AED 3,280,000 | 3,376 sqft | AED 972 per sqft |
Malta to Mykonos: an increase of exactly 40.0 percent over roughly 11 months. Malta to Mykonos: an increase of 24.2 percent over roughly 11 months. Full tables and all three caveats live on the Mykonos price list.
Unit mix
Unit mix and sizes
Mykonos is a single project with no phases. All 540 homes are townhouses. The registry property type, the project type and the typology table agree, and the DAMAC floor plan sheet titles and cluster plan legend show only townhouse layouts. Bedroom range published from the registry: 4 and 5.
| Type | Homes | Share | Built up area |
|---|---|---|---|
| 4 bedroom townhouse | 338 | 62.6 percent | 2,283 sqft |
| 5 bedroom townhouse | 108 | 20.0 percent | 3,376 sqft |
| Bedroom count not recorded | 94 | 17.4 percent | Available on request |
The registry records 94 Mykonos homes with no bedroom count and no built up area. We publish them as a separate row rather than distributing them across the known types. Checked 6 September 2026.
The Mykonos five bedroom townhouse at 3,376 sqft is identical to the Malta five bedroom townhouse at 3,376 sqft and within one square foot of the Ibiza five bedroom at 3,377 sqft. The four bedroom at 2,283 sqft is within 0.44 percent of the Malta and Ibiza four bedrooms, both 2,273 sqft.
A note on Mykonos plot sizes
The ten Mykonos units we hold plot data for sit on 4,650 to 4,847 sqft. That is roughly three times the townhouse plot modules recorded at Santorini and Monte Carlo, which run at about 1,550 sqft for middle units and 2,365 sqft for end units, and much closer to the villa plots recorded at Nice.
We publish the figures because the sample is tight and consistent across ten consecutive units. We flag them because we cannot yet explain why Mykonos townhouses would sit on villa scale plots. Checked 6 September 2026.
Plot data from a sample of 10 townhouse units. Not the full book. Six of the ten fall between 4,650 and 4,730 sqft.
Registered sales
What the registered book shows
587 registered sale transactions (not homes), all time median AED 2.91 million. Last 12 months (28 April 2025 to 27 April 2026): 121 sales, median AED 3.03 million, rate AED 1,217 per sqft.
Our reading of two sourced figures: 587 registered sale transactions against 540 homes is roughly 1.09 transactions per home, one of the lowest in the community. Mykonos opened for sale in May 2023 and has not completed, so there has been less time for units to change hands.
Our reading of two sourced figures: 121 of those 587 transactions, or 20.6 percent, fell in the last 12 months. That is the second highest last 12 month volume in the community after Ibiza, against a much smaller all time book. Mykonos 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.
See the full transaction tables.
Payment plan
Payment plan at launch
Headline 20 / 60 / 20 from the DAMAC pricing and payment plan sheet. Twenty percent sits at completion. Three instalments trigger at 70, 80 and 90 percent construction.
DAMAC's Mykonos project page states a 60/40 payment plan. The Dubai Land Department registry records 20 percent deposit, 60 percent during construction and 20 percent on handover. The attached DAMAC pricing and payment plan sheet resolves the schedule as 20 / 60 / 20 with milestone detail, matching the registry shape. We publish the sheet schedule and disclose the project page conflict.
Full milestone schedule on the Mykonos payment plan page.
Amenities
Amenities and specification
DAMAC's Lagoons community page describes Mykonos as Aegean island living with contemporary townhouses.
DAMAC Mykonos project page
- Honey Bar
- Glow Lounge
- Windmill Park
- Beach
- Floating amphitheatre
- Wave pool
as published in the DAMAC launch brochure
- Honey Bar
- Glow Lounge
- Iconic windmills and park walks
- Pool, pool bar and floating gardens
- Paradise Beach and Beach Club
PropertyMonitor project description
- Greek island inspired four and five bedroom townhouses
- Private gardens, terraces and beach areas
- Close to the DAMAC Hills golf community
- Water features and lush greenery
Location
Where Mykonos sits
Mykonos sits within DAMAC Lagoons in Dubailand, opposite DAMAC Hills, accessed from Hessa Street, on the far western edge of the master community, west of Monte Carlo and Malta 2. The brochure places residents within minutes of Mohammed Bin Zayed Road, Emirates Road and Al Khail Road.
| Destination | Drive time |
|---|---|
| Jebel Ali School | 5 minutes |
| Studio One Hotel | 9 minutes |
| Aster Medical Centre | 9 minutes |
| Dubai Polo and Equestrian Club | 10 minutes |
| Park Inn by Radisson | 10 minutes |
| The Plantation Equestrian and Polo Club | 11 minutes |
| First Avenue Mall | 11 minutes |
| Fairgreen International School | 11 minutes |
| Dubai Autodrome | 12 minutes |
| Mediclinic Parkview Hospital | 12 minutes |
| Miracle Garden | 13 minutes |
| Global Village | 14 minutes |
| IMG World | 14 minutes |
| Dubai International Stadium | 14 minutes |
| City Centre Me'aisem | 14 minutes |
| Hamdan Sports Complex | 15 minutes |
| Global Indian International School | 16 minutes |
| Safa Community School | 18 minutes |
| Five Hotel Jumeirah Village Circle | 19 minutes |
| NMC Royal Hospital | 19 minutes |
| Kings' School | 21 minutes |
| Mall of the Emirates | 24 minutes |
| Al Maktoum International Airport | 28 minutes |
About the Developer
DAMAC Properties
DAMAC Properties is the developer of DAMAC Lagoons, including Mykonos. Legal entity on file: Island Oasis Properties. DLD community: Al Hebiah Fifth, Dubai.
The Dubai Land Department registry records Mykonos as sold out. For current availability, including off plan 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
Mykonos stills
Official stills for Mykonos. Click a frame to enlarge.
Mykonos DAMAC Lagoons homepage hero from damacproperties.com
Mykonos FAQ
- Is Mykonos at DAMAC Lagoons still available?
- The Dubai Land Department registry records Mykonos as sold out, so developer stock is not available. It trades on the off plan resale market and the project has not completed.
- How many homes are there in Mykonos?
- 540, all townhouses, in a single project with no phases. 338 are four bedroom and 108 are five bedroom. The registry records a further 94 homes with no bedroom count.
- When will Mykonos be handed over?
- Mykonos has not completed. It is 79.74 percent built with expected completion on 28 February 2027, roughly 14 months after its 31 December 2025 target. DAMAC's own project page still shows the original Q4 2025 handover.
- What did Mykonos homes launch at?
- The registry records the four bedroom townhouse at AED 2,450,000 and the five bedroom at AED 3,230,000, which work out at roughly AED 1,073 and AED 957 per sqft against their registered sizes.
- How do Mykonos prices compare with other clusters?
- The Mykonos five bedroom townhouse is 3,376 sqft, the same size as Malta's and within one square foot of Ibiza's. Malta launched that home at AED 2,600,000 in May 2022, Ibiza at AED 2,800,000 in December 2022 and Mykonos at AED 3,230,000 in May 2023, an increase of 24.2 percent across roughly eleven months. On the four bedroom the same comparison shows 40.0 percent.
- How big are Mykonos homes?
- Four bedroom townhouses are 2,283 sqft and five bedrooms are 3,376 sqft. The ten units we hold plot data for sit on 4,650 to 4,847 sqft, which is larger than the townhouse plots recorded elsewhere in the community and which we have flagged.
DAMAC Lagoons
Ask about Mykonos resale
Get in touch for current pricing and availability. Your Mykonos expert will be in touch with all the details.
Independent portal. Not officially affiliated with DAMAC Properties.