Mykonos
Mykonos Offered by Buy Dubai Off-Plan
Mykonos

Mykonos

by DAMAC in DAMAC Lagoons View on map Handover soon

Starting price
AED 2,470,000
Payment plan
60/40
Handover
Q4 2026

≈ € 593,000

Project details

Starting price AED 2,470,000 ≈ € 593,000 What will my monthly payments be?
Payment plan 60/40 60% during construction, 40% at handover
Handover Q4 2026 Handover soon
Bedrooms 45
Property type
Townhouse
Floor area
211 to 314 m²
Developer
DAMAC
Location
DAMAC Lagoons
Project brochure
Free, with no obligation

The Mykonos brochure

Download the brochure for Mykonos van Damac Properties in DAMAC Lagoons for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Mykonos

  • Exclusive 4- and 5-bedroom townhouses in a luxurious setting

  • Located alongside azure blue lagoons and white sand beaches

  • World-class amenities, including waterside cafés and a beach club

  • Flexible payment plan with 60% due during construction and 40% on completion

  • Ideal location with quick connections to golf courses, schools, and shopping centres

Mykonos at DAMAC Lagoons (Dubai): Luxury homes by Damac Properties

Mykonos, part of DAMAC Lagoons in Dubai, is a unique off-plan property project that combines the charm of the Greek islands with modern luxury. This project, developed by Damac Properties, offers a collection of 4- and 5-bedroom townhouses designed for a life of comfort and style. The residences are surrounded by azure blue lagoons, white sand beaches, and lush greenery, creating a serene and tropical atmosphere. The architecture is inspired by the Cycladic style, with clean lines and earthy tones that perfectly harmonise with the natural beauty of the surroundings. Residents can enjoy a wide range of amenities, including a beach club, waterside cafés, and gondola rides. The location is perfect for families, with nearby schools, golf courses, and shopping centres. With completion planned for the fourth quarter of 2026, Mykonos is an excellent opportunity for investors seeking a luxury home in a vibrant and well-connected community.

Home types and layouts at Mykonos DAMAC Lagoons (Dubai)

The townhouses in Mykonos are available in two variants: with 4 and 5 bedrooms, with areas ranging from 211.17 m² to 313.73 m². These spacious homes are designed with attention to detail and offer a harmonious blend of functionality and aesthetics. The interiors feature high-quality materials such as wood, stone, and marble, creating a timeless and artistic appearance. Each townhouse has a private garden, a terrace, and in some cases, direct access to communal beach areas. The layout is ideal for families, with spacious living areas, modern kitchens, and bathrooms with luxury finishes. The combination of Mediterranean influences and contemporary design creates a warm and inviting atmosphere. Furthermore, the homes offer ample storage space and privacy, making them perfect for both permanent residence and holiday homes. The focus on quality and sustainability makes these properties a sound long-term investment.

About the developer Damac Properties and the Mykonos design

Mykonos is a project by Damac Properties, a renowned developer in Dubai known for its high-quality real estate projects. Damac has built a strong reputation with iconic developments that combine luxury and innovation. The design of Mykonos is inspired by Cycladic architecture, with white facades, clean lines, and natural materials that give a rustic yet modern appearance. The building is surrounded by water features, green landscapes, and recreational amenities that contribute to a relaxed lifestyle. Damac Properties guarantees quality and timely completion, making the project particularly attractive to investors. The developer also offers comprehensive after-sales services and maintenance facilities, ensuring residents a carefree living experience. With a track record of successful projects in Dubai, Damac is a reliable partner for those seeking a secure and profitable real estate investment.

Location and Area

Mykonos is located in DAMAC Lagoons, a luxurious and family-focused community in Dubai. The location offers a perfect balance of tranquillity and accessibility, with quick connections to key destinations such as City Centre Meaisem (14 minutes’ drive), Dubai Autodrome (12 minutes), and Jebel Ali School (just 5 minutes). The area is known for its world-class golf courses, polo clubs, and recreational facilities, making it an ideal place for active lifestyles. In addition, there are numerous shopping and dining options nearby, including waterside boutiques and cafés. The community itself is designed as a paradise with lagoons, beaches, and green zones, creating a holiday feeling every day. Families will appreciate the proximity to schools and child-friendly facilities, while investors benefit from the strong capital appreciation in this sought-after area. In short, DAMAC Lagoons combines luxury, convenience, and natural beauty in one unique location.

Flexible payment plan for Mykonos homes

The payment plan for Mykonos is designed to offer investors flexibility and certainty. The plan provides for a payment of 60% during the construction phase, spread across multiple instalments, and the remaining 40% upon final completion in Q4 2026. This allows buyers to pay for their investment in stages, reducing the financial pressure. The plan is transparent and free of hidden costs, making it an attractive option for both private buyers and investors. We can provide extensive support with handling the purchase and payment process. The starting price of AED 2,470,000 offers excellent potential for capital appreciation, given the increasing demand for luxury real estate in Dubai. Please feel free to contact us for more details on the payment plan and other terms.

Amenities

Payment plan for Mykonos

60%40%
60%
During construction, in instalments
AED 1,482,000
≈ € 356,000
40%
After handover
AED 988,000
≈ € 237,000

Monthly payments and your own funds

How much do you need for Mykonos, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 4,999

≈ € 1,200 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 1,482,000≈ € 355,700
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 988,000≈ € 237,100
Purchase costs4% DLD fee and mortgage costs
AED 112,020≈ € 26,900
Total funds required
AED 1,594,020≈ € 382,600
Request finance guidance for Mykonos
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Mykonos

Location

DAMAC Lagoons, Dubai City Centre Meaisem: 14 minutes (car) · Dubai Autodrome: 12 minutes (car)
Open in Google Maps

Travel times from Mykonos

  • City Centre Meaisem: 14 minutes (car)
  • Dubai Autodrome: 12 minutes (car)
  • Dubai International Stadium: 14 minutes (car)
  • Dubai Miracle Garden: 13 minutes (car)
  • Dubai Polo & Equestrian Club: 10 minutes (car)
  • Jebel Ali School: 05 minutes (car)
  • Mall of the Emirates: 24 minutes (car)

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

Similar projects

Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.