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Price starting from AED 2.47M (USD 545K)
Don't miss out on your next dream family home investment
About Mykonos
Mykonos is a hub within the Mediterranean-style megacommunity DAMAC Lagoons, developed by DAMAC Properties. Inspired by the charm of Greece’s top holiday destinations, the sub-community offers elegant two-storey townhouses with 4 bedrooms and three-storey units with 5 bedrooms, starting from 2,282 sq.ft. Residences feature balconies, spacious terraces, maid’s rooms, covered parking, and large private gardens.
The townhouses blend elements of ancient Cycladic architecture with modern Mediterranean aesthetics. Finishes include marble, stone, and wood — creating a luxurious yet cozy ambiance.
Residents of Mykonos will enjoy access to amenities across the entire megacommunity, including a lazy river, zipline, floating cinema and opera house, clubhouse, and more.
Economic Appeal
DAMAC Lagoons offers a lifestyle inspired by the best of the Mediterranean. Crystal-clear lagoons are surrounded by luxurious residences, social hubs, and entertainment venues. With abundant green spaces, attractions, and educational play zones, the community is especially popular among families. Once construction is complete, property values are expected to rise significantly.
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What you need to know
Spacious, light-filled townhouses are not only the perfect home for families, but also a smart investment asset. After completion in December 2025, you can rent out your property and enjoy passive income. Similar townhouses in the neighboring DAMAC Hills community offer an average rental yield of 5.7%. You can also profit from reselling the property — prices are expected to rise steadily, especially once the full DAMAC Lagoons infrastructure is complete.
About the developer
DAMAC Properties is one of the leading real estate developers in the Middle East, with projects also delivered across the Levant region, the USA, and the UK. Established in 2002, the company has successfully delivered over 48,000 homes, with another 50,000 currently under development. DAMAC Properties is a highly awarded and internationally recognized developer.
Location & Advantages
Mykonos will be surrounded by turquoise lagoons and white-sand beaches. It’s part of the DAMAC Lagoons community, located next to the iconic DAMAC Hills, another project by the same developer. DAMAC Hills features a golf course, a shopping mall, a wave pool, sports facilities, and a prestigious international school. Residents of Mykonos will enjoy quick access to business districts, educational institutions, hospitals, and Dubai’s main attractions. Travel time to Al Maktoum International Airport, Downtown Dubai, and Business Bay is approximately 30 minutes.
The Mykonos sub-community is located along Sheikh Zayed Bin Hamdan Al Nahyan Street, providing easy access to Dubai’s major highways.
Within a 20 minute drive - Trump International Golf Club, Miracle Garden and Butterfly Garden.
DAMAC Lagoons features plenty of amenities, including waterfront restaurants, white-sand beaches, luxurious spas, a waterpark, boutique stores, a classic car museum, and scenic nature trail.
How it works
With over 16+ years of experience, Metropolitan Group is one of the largest and most reliable agencies in the UAE. Our offices are located in Dubai, Abu Dhabi and Vienna.
Emaar Brokers Awards 4th Place - 2023
No 1 Top Partner Metropolitan Premium Properties - 2023
DAMAC Top 3 Agency 3rd Place - 2023
The Black Onyx Awards, Nakheel and Meraas Holding - 2024
Trusted & Simple
Pam Spusta
The company provides excellent service! The manager helped me choose the perfect property, took me to the viewing, answered all of my questions, helped me move in and handled other issues that came up along the way. Thank you so much for your help!
23 Jan 2024