Payment Plan
Santorini Payment Plan at DAMAC Lagoons
The Santorini launch payment plan in full. 22 milestones and 30 percent spread across 24 months after handover.
This was the launch payment plan for a cluster that is now sold out and delivered. Resale purchases do not follow it.
5 percent immediate, a further 10 percent within one month, 51 percent across construction milestones running to 33 months, 4 percent on completion, and 30 percent spread over 24 months after handover.
Santorini is the only cluster of the three with a post handover plan. Costa Brava and Nice both had none.
| Milestone | When | Value |
|---|---|---|
| Deposit | Immediate | 5% |
| Deposit | Within 1 month from sale | 10% |
| 1st instalment | Within 3 months from sale | 4% |
| 2nd instalment | Within 6 months from sale | 4% |
| 3rd instalment | Within 9 months from sale | 4% |
| 4th instalment | Within 12 months from sale | 4% |
| 5th instalment | Within 15 months from sale | 5% |
| 6th instalment | Within 18 months from sale | 5% |
| 7th instalment | Within 21 months from sale | 5% |
| 8th instalment | Within 24 months from sale | 5% |
| 9th instalment | Within 27 months from sale | 5% |
| 10th instalment | Within 30 months from sale | 5% |
| 11th instalment | Within 33 months from sale | 5% |
| 12th instalment | On completion | 4% |
| 13th instalment | Within 3 months from completion | 4% |
| 14th instalment | Within 6 months from completion | 4% |
| 15th instalment | Within 9 months from completion | 4% |
| 16th instalment | Within 12 months from completion | 4% |
| 17th instalment | Within 15 months from completion | 4% |
| 18th instalment | Within 18 months from completion | 4% |
| 19th instalment | Within 21 months from completion | 3% |
| 20th instalment | Within 24 months from completion | 3% |
| Total | 100% |
Post handover instalments
Thirty percent of the purchase price is spread across 24 months after handover, from three months after completion through to 24 months after completion. Santorini is the only cluster of the three with a post handover plan. Costa Brava and Nice both had none.
PropertyMonitor summarises the same schedule as 5 / 61 / 4 / 30 by counting the 10 percent due within one month as a construction instalment rather than part of the deposit.
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Santorini FAQ
- Is Santorini at DAMAC Lagoons still available?
- Both phases are sold out and both were delivered in 2025. Santorini trades on the resale market. Developer stock is not available.
- How many homes are there in Santorini?
- 845 across two phases. Santorini 1 has 457 homes and Santorini 2 has 388.
- What unit types were built in Santorini?
- Six layouts across 3 to 6 bedrooms. Four townhouse layouts at 3, 4 and 5 bedrooms, including end and middle variants of the 5 bedroom, plus two 6 bedroom villa layouts, LV3 and LV4, which appear in DAMAC's drawings but not in the registered unit tables we hold.
- When was Santorini handed over?
- Santorini 1 completed on 30 May 2025, 60 days ahead of its 29 July 2025 target. Santorini 2 completed on 29 July 2025, on the target date. Construction on both phases started on 6 January 2022.
- What was the Santorini payment plan?
- 5 percent immediate, a further 10 percent within one month, 51 percent across construction milestones running to 33 months, 4 percent on completion and 30 percent spread over 24 months after handover. Santorini is the only DAMAC Lagoons cluster in our records with a post handover plan.
- What do Santorini homes actually sell for?
- 1,362 registered sale transactions have been recorded, at an all time median of AED 2.11 million. Over the last 12 months there were 58 registered sales at a median of AED 3.49 million and AED 1,325 per sqft, the highest rate of the clusters we hold records for.