Price List
Mykonos Prices at DAMAC Lagoons
Mykonos launched its four bedroom at AED 2,450,000, exactly 40 percent above the same sized home at Malta eleven months earlier. A registry figure.
These are May 2023 launch prices and registered transaction values, not current asking prices. The cluster is sold out and still in construction.
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.
DAMAC's Mykonos pricing and payment plan sheet lists starting from AED 2.47 million for LTH-4J-M and AED 3.28 million for LTH-5J-E. The Dubai Land Department registry records AED 2,450,000 and AED 3,230,000 for the same bedroom counts. Where the developer sheet and the registry disagree on a price, the developer sheet wins. Rates below the developer prices are calculated from those figures and the registered built up areas. The like for like comparison with Malta and Ibiza uses the registry figures, as labelled there.
| 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 |
| Type | Registry launch price | Size | Calculated rate |
|---|---|---|---|
| 4 bedroom townhouse | AED 2,450,000 | 2,283 sqft | AED 1,073 per sqft |
| 5 bedroom townhouse | AED 3,230,000 | 3,376 sqft | AED 957 per sqft |
Same footprint, three clusters
The Mykonos five bedroom townhouse is 3,376 sqft, identical to Malta and within one square foot of Ibiza. The four bedroom is 2,283 sqft, within 0.44 percent of Malta and Ibiza at 2,273 sqft. That size match makes the launch price series below unusually close.
Five bedroom townhouse
| Cluster | Sales opened | Size | Launch price | Calculated rate |
|---|---|---|---|---|
| Malta | 23 May 2022 | 3,376 sqft | AED 2,600,000 | AED 770 per sqft |
| Ibiza | 27 Dec 2022 | 3,377 sqft | AED 2,800,000 | AED 829 per sqft |
| Mykonos | 01 May 2023 | 3,376 sqft | AED 3,230,000 | AED 957 per sqft |
Malta to Mykonos: an increase of 24.2 percent over roughly 11 months.
Four bedroom townhouse
| Cluster | Sales opened | Size | Launch price | Calculated rate |
|---|---|---|---|---|
| Malta | 23 May 2022 | 2,273 sqft | AED 1,750,000 | AED 770 per sqft |
| Ibiza | 27 Dec 2022 | 2,273 sqft | AED 2,100,000 | AED 924 per sqft |
| Mykonos | 01 May 2023 | 2,283 sqft | AED 2,450,000 | AED 1,073 per sqft |
Malta to Mykonos: an increase of exactly 40.0 percent over roughly 11 months.
Our reading of sourced figures: Over the same eleven month window, DAMAC's four bedroom townhouse launch price rose 40.0 percent while its five bedroom rose 24.2 percent. Both started at the same rate per sqft in May 2022, AED 770 for each. By May 2023 the four bedroom was asking AED 1,073 per sqft and the five bedroom AED 957. The entry product moved faster than the larger one.
These are three different clusters with different themes, layouts, finishes and positions in the master community. What makes the comparison unusually close is that the registered built up areas are within one square foot on the five bedroom and within half a percent on the four bedroom.
The Ibiza figures are DAMAC published starting from prices. The Malta and Mykonos figures are the lowest launch prices recorded in the Dubai Land Department registry. The two are close in meaning but not identical.
These are launch prices, not repeat sales of the same home. They show what DAMAC asked over time, not what any individual property did.
Also on the Malta price list and the Ibiza price list.
Four bedroom launch prices across clusters
DAMAC held the four bedroom at AED 1,700,000 across its first three cluster releases, from December 2021 to March 2022, then moved to AED 1,750,000 in May 2022. The rate per sqft stayed within a narrow band of AED 746 to AED 770 across all four. From late 2022 the figures move sharply, reaching AED 2,850,000 and AED 1,277 per sqft at Morocco in June 2023. These are launch prices for different clusters with different layouts and positions, not repeat sales of the same home, so the series shows what DAMAC asked over time rather than what any individual property did.
| Cluster | Sales opened | Launch price | Calculated rate |
|---|---|---|---|
| Costa Brava | 13 Dec 2021 | AED 1,700,000 | AED 763 per sqft |
| Nice | 20 Dec 2021 | AED 1,700,000 | AED 746 per sqft |
| Portofino | 07 Mar 2022 | AED 1,700,000 | AED 769 per sqft |
| Malta | 23 May 2022 | AED 1,750,000 | AED 770 per sqft |
| Monte Carlo | 23 Nov 2022 | AED 1,930,000 | Available on request |
| Ibiza | 27 Dec 2022 | AED 2,100,000 | AED 924 per sqft |
| Mykonos | 01 May 2023 | AED 2,450,000 | AED 1,073 per sqft |
| Morocco | 30 Jun 2023 | AED 2,850,000 | AED 1,277 per sqft |
Registered transaction values
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.
Back to Mykonos hub · Floor plans · Payment plan
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.