Payment Plan
Venice Payment Plan at DAMAC Lagoons
Venice launch payment plan from the DAMAC sheet. 20 percent deposit, calendar and build milestone instalments, then 20 percent due on completion.
This was the launch payment plan for a cluster that is now sold out and still in construction. Resale purchases do not follow it.
PropertyMonitor recorded Venice as 15 percent deposit, 55 percent during construction and 30 percent on handover, matching Portofino. The DAMAC Venice payment plan PDF instead shows 20 percent deposit, 60 percent during construction and 20 percent on completion, with four calendar instalments and four build milestone instalments. This page uses the DAMAC sheet, which outranks the registry free text for payment schedules.
20 percent deposit, 60 percent across construction and 20 percent on completion.
Only 20 percent of the Venice price is tied to calendar dates, across four instalments running to 12 months. Another 40 percent is tied to verified build milestones at 40, 50, 60 and 70 percent completion. Twenty percent remains due on completion. By comparison, Costa Brava and Nice leave 50 percent to handover on a purely calendar construction schedule, Portofino leaves 30 percent to handover, and Morocco, Ibiza, Monte Carlo and Malta leave 20 percent to handover.
There is no post handover plan. 4 percent DLD is payable in addition to the initial deposit.
| Milestone | When | Trigger | Value |
|---|---|---|---|
| Deposit | Immediate | calendar | 20% |
| 1st instalment | Within 3 months of sale | calendar | 5% |
| 2nd instalment | Within 6 months of sale | calendar | 5% |
| 3rd instalment | Within 9 months of sale | calendar | 5% |
| 4th instalment | Within 12 months of sale | calendar | 5% |
| 5th instalment | On 40 percent project completion | build milestone | 10% |
| 6th instalment | On 50 percent project completion | build milestone | 10% |
| 7th instalment | On 60 percent project completion | build milestone | 10% |
| 8th instalment | On 70 percent project completion | build milestone | 10% |
| 9th instalment | On completion | completion | 20% |
| Total | 100% |
Our reading of two sourced figures: On the reported 74.43 percent progress, every milestone instalment through the 70 percent trigger has fallen due and the completion instalment has not.
Handover share across clusters
| Clusters | Handover share |
|---|---|
| Costa Brava and Nice | 50 percent at handover |
| Portofino | 30 percent at handover |
| Venice, Morocco, Ibiza, Monte Carlo and Malta | 20 percent at handover |
| Santorini | 4 percent on completion, then 30 percent across 24 months after handover |
Where Venice stands today
Venice has not completed. The latest inspection report puts construction at 74.43 percent, and expected completion is 30 September 2027, exactly 24 months after its 29 September 2025 target.
Sales opened on 23 May 2022 and construction started on 28 December 2022, so the cluster was sold off plan roughly seven months before work began.
Source: Dubai Land Department project inspection records via PropertyMonitor. Checked 6 September 2026.
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Venice FAQ
- Is Venice at DAMAC Lagoons still available?
- The Dubai Land Department registry records Venice 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 Venice?
- 425, all villas, in a single project with no phases. 274 are six bedroom and 151 are seven bedroom. Venice is the only DAMAC Lagoons cluster with no three, four or five bedroom homes.
- When will Venice be handed over?
- Venice has not completed. It is 74.43 percent built with expected completion on 30 September 2027, exactly 24 months after its 29 September 2025 target. Sales opened on 23 May 2022 and construction started on 28 December 2022.
- What did Venice villas launch at?
- Six bedroom villas launched from AED 4,570,000, a price that attaches to the smallest six bedroom unit at 4,066 sqft, or roughly AED 1,124 per sqft. Seven bedroom villas launched from AED 9,980,000 for the 10,672 sqft LV-D1E layout, or roughly AED 935 per sqft. The largest layouts carry no attributed launch price.
- Why does Venice have the highest prices in DAMAC Lagoons?
- Venice carries the highest all time registered median in the community at AED 7.35 million and the highest last 12 month rate at AED 1,358 per sqft. It is the only cluster built entirely of six and seven bedroom villas, with no smaller homes in its transaction book to pull the median down.
- How big are Venice villas?
- The registry records six bedroom villas from 4,066 to 24,752 sqft and seven bedroom villas from 10,672 to 17,590 sqft. Those spans cover more than one layout each. DAMAC's sheets confirm six layouts, from the 4,066.82 sqft LV-4E to the 24,752.58 sqft LV-1000E.