HIGHLIGHTS
About Mykonos
Overview | Project Details |
|---|---|
Overview Location | Project Details DAMAC Lagoons |
Overview Project type | Project Details Off-plan |
Overview Property type | Project Details Townhouses |
Overview Unit type | Project Details 4-Bed and 5-Bed |
Overview Developer | Project Details DAMAC Properties |
Overview Est. Completion | Project Details Q4 2025 |
Mykonos is the latest off-plan townhouse cluster by master developer DAMAC Properties, featuring well-designed 4 and 5-bedroom residences. This newest edition in DAMAC Lagoons project will be the tenth sub-community bringing the charm of a Greek island to Dubai. Set close to Hessa Street (D61), the expected completion date of the water-inspired community is Q4 2025.
IN A NUTSHELL
- One of the ten sub-communities of DAMAC Lagoons
- Offers 4 and 5-bedroom townhouses
- A cluster inspired by the Greek island Mykonos
- Home to a range of water-based activities
- A project by DAMAC Properties
PROPERTY
COMMUNITY OVERVIEW
Also known as the ‘island of winds’, Mykonos is a popular tourist area in southeast Greece set on the Aegean Sea and a part of Cyclades Island. DAMAC Properties is all set to bring luxury island living to Dubai in the form of Mykonos at DAMAC Lagoons. The sub-community is part of a waterfront off-plan project featuring Mediterranean-inspired villa communities, water cinema, kayaking and much more. It is situated on the eastern side of the parent community with easy access to communal and recreational facilities.
Mykonos Masterplan
Mykonos DAMAC Lagoons offers luxury residences, waterside amenities and iconic features of the Greek Island, such as windmills, floating pool pods, honey bar and volcanic stone parks. The homes in the cluster are designed with elements taken from Cycladic architecture, such as bohemian earthy exteriors, artisanal features and a perfect blend of flora. The Glow Lounge is the highlight of the sub-community, where residents can experience the interplay of light and shadow. Other features include a pristine beach, manicured lawns and a beach club.
Properties in Mykonos
Properties in Mykonos include townhouses mainly available in 4 and 5-bedroom layouts. The coverage area of these residences ranges between 2,315 sq. ft. to 3,500 sq. ft.
The two-storey 4-bedroom townhouse features an expansive living area, a fitted kitchen, a guest room and a laundry area on the ground floor. The first floor has the rest of the bedrooms, each with an attached bathroom and fitted wardrobe. Other features include a private garden, a garage and a terrace.
The first floor of the 5-bedroom townhouse has a living room with doors opening to an in-house garden, a kitchen, a powder room, a guest room and a garage. The second floor has the master bedroom and two other bedrooms, while the top floor has an additional bedroom and a rooftop terrace.
Sales Trends in Mykonos
The price range of townhouses for sale in the residential community is as follows:
- The sale price of 4-bedroom townhouses in Mykonos starts from AED 2M and goes up to AED 2.5M
- Buying a 5-bedroom townhouse in Mykonos can cost around AED 2.7M to AED 3.4M
Since it is a part of freehold areas in Dubai, non-GCC Nationals can also purchase property in the neighbourhood.
Payment Plan
Instalment | Payment in % | Schedule |
|---|---|---|
Instalment Down Payment | Payment in % 20% | Schedule On booking |
Instalment 1st | Payment in % 5% | Schedule In 3 months of sales |
Instalment 2nd | Payment in % 5% | Schedule In 6 months of sales |
Instalment 3rd | Payment in % 5% | Schedule In 9 months of sales |
Instalment 4th | Payment in % 5% | Schedule In 12 months of sales |
Instalment 5th | Payment in % 5% | Schedule In 15 months of sales |
Instalment 6th | Payment in % 5% | Schedule In 18 months of sales |
Instalment 7th | Payment in % 5% | Schedule In 21 months of sales |
Instalment 8th | Payment in % 5% | Schedule In 24 months of sales |
Instalment 9th | Payment in % 5% | Schedule In 27 months of sales |
Instalment 10th | Payment in % 5% | Schedule In 30 months of sales |
Instalment 11th | Payment in % 5% | Schedule In 33 months of sales |
Instalment 12th | Payment in % 2% | Schedule On 70% completion |
Instalment 13th | Payment in % 2% | Schedule On 80% completion |
Instalment 14th | Payment in % 1% | Schedule On 90% completion |
Instalment Final Settlement | Payment in % 20% | Schedule On 100% completion |
*Source: DAMAC Properties
DAMAC Properties offers a flexible payment plan to buyers interested in purchasing townhouses in Mykonos. With an 80/20 payment schedule, they can book the property with a downpayment of 20% (inclusive of 4% DLD), while the rest of the 80% can be paid in easy instalments during the construction phases.
Location
- Neighbouring sub-communities include Costa Brava and Portofino
- Mall of the Emirates is accessible within a 20-minute drive
- A 9-minute drive to Trump International Golf Club
FAQs about Mykonos
WHERE IS MYKONOS LOCATED?
Mykonos is an off-plan community by DAMAC Properties located adjacent to Hessa Street (D61).
WHAT PROPERTY TYPES ARE AVAILABLE IN MYKONOS DAMAC LAGOONS?
You can choose from 4 and 5-bedroom townhouses in Mykonos DAMAC Lagoons.
WHAT IS THE PRICE RANGE OF PROPERTIES IN MYKONOS?
The starting price of townhouses in Mykonos is AED 2M, which goes up to AED 3.4M for larger units.
*Featured image source: DAMAC Properties