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.

Floor Plans

Mykonos Floor Plans at DAMAC Lagoons

Both Mykonos layouts from DAMAC's own drawings, a 2,283 sqft four bedroom and a 3,376 sqft five bedroom townhouse. Sold out and still under construction.

Overview

Two unit types across the cluster. Bedroom range: 4 and 5. That is the complete set on the DAMAC drawings. The DAMAC cluster plan legend lists exactly two layout codes, LTH-4J-M and LTH-5J-E. It does not show a third layout that would explain the 94 unrecorded homes.

How to read a DAMAC Lagoons unit code

Townhouse codes follow a consistent pattern. LTH, then the bedroom count, then a letter identifying the cluster, then E for an end unit or M for a middle unit. LTH-5H-E is a five bedroom end unit in Ibiza. LTH-4D-M is a four bedroom middle unit in Malta. LTH-4J-M is a four bedroom middle unit in Mykonos. LTH-4K-M is a four bedroom middle unit in Morocco.

Villa codes work differently. The trailing letter is still the cluster, but the middle segment is a product designation and not the bedroom count. LV-1000E and LV-1000K are the same roughly 25,000 sqft six bedroom villa product, built in Venice and in Morocco. LV-3B is a five bedroom villa in Costa Brava while LV-3C is a six bedroom villa in Nice, because the 3 refers to the product and not the bedrooms.

Portofino is the exception in the current set. Its DAMAC sheets use BL prefixed codes such as BL-3-M, BL-4-M, BL-5-E, BL-VD1 and BL-V75, rather than a trailing cluster letter on an LTH or LV stem.

Cluster letters confirmed so far: A Santorini, B Costa Brava, C Nice, D Malta, E Venice, G Monte Carlo, H Ibiza, J Mykonos, K Morocco. Santorini's LV3 and LV4 carry no cluster letter, which appears to be an exception in the earliest cluster. Portofino uses the BL prefix instead.

Confirmed across nine trailing letter clusters plus Portofino BL codes, 6 September 2026.

A note on the unit codes

In the LTH townhouse codes the numeral is the bedroom count, so LTH-4J-M is a 4 bedroom and LTH-5J-E is a 5 bedroom. The cluster letter for Mykonos is J. Villa codes use a trailing cluster letter, but the middle segment is a product designation and not the bedroom count. Townhouse codes follow LTH, then the bedroom count, then a cluster letter, then E for end or M for middle. Portofino uses BL prefixed codes instead. Always read the sheet title on a villa.

LTH-4J-M

4 bedroom townhouse, middle unit

Size: 2,283 sqft

Floors: Ground and first (two levels)

Ground: garden, living and dining, kitchen, laundry and storage, bathroom, guest room, main entrance, carport. First: master bedroom with bathroom and balcony, two further bedrooms, bathroom, terrace. No second level and no maid's room on the supplied drawing.

Source: DAMAC official floor plans and cluster plan. Room dimensions are not published.

LTH-5J-E

5 bedroom townhouse, end unit

Size: 3,376 sqft

Floors: Ground, first and second (three levels)

Ground: garden, living and dining, kitchen, laundry and storage, powder room, guest room with bathroom, main entrance, carport. First: master bedroom with walk in closet, master bathroom and balcony, two further bedrooms, two bathrooms, balcony. Second: extra bedroom with bathroom, maid's room with maid's bathroom, terrace.

Source: DAMAC official floor plans and cluster plan. Room dimensions are not published.

Floor counts come from the DAMAC drawings per unit type. LTH-4J-M is two levels and LTH-5J-E is three. We do not publish a project level floor count.

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, Santorini and Ibiza.

Confirmed facts

Status: Sold out, in construction
Construction progress: 79.74 percent
Expected completion: 28 February 2027
Original target completion: 31 December 2025
Developer: DAMAC Properties
Legal entity: Island Oasis Properties
Phases: None, single project
Product: Townhouses only, 540 homes
Bedrooms: 4 and 5
Sales start: 1 May 2023
Construction start: Available on request
Inspection reports: 10
Floors: Available on request
Launch price, 4 bedroom: AED 2,470,000
Launch price, 5 bedroom: AED 3,280,000
Payment plan at launch: 20 percent deposit, 60 in build, 20 on handover, per the DAMAC sheet and registry. DAMAC project page states 60/40. See C6.
Post handover plan: None recorded
Service charge per sqft: Available on request
DLD community: Al Hebiah Fifth, Dubai
Registered sales, all time: 587
Registered median, all time: AED 2.91 million
Registered sales, last 12m: 121
Registered median, last 12m: AED 3.03 million
Registered rate, last 12m: AED 1,217 per sqft

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.

Price list Floor plans Payment plan Master plan Amenities Malta Ibiza Monte Carlo

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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.