HIGHLIGHTS
ABOUT PORTOFINO DAMAC LAGOONS
Overview | Project Details |
|---|---|
Overview Location | Project Details DAMAC Lagoons |
Overview Project type | Project Details Off-plan |
Overview Property type | Project Details Villas and Townhouses |
Overview Unit type | Project Details 3 to 5-Bed and 7-Bed |
Overview Developer | Project Details DAMAC Properties |
Overview Est. Completion | Project Details 2025 |
Portofino is a newly launched development by DAMAC Properties featuring a range of luxury townhouses and villas. It is a part of DAMAC Lagoons project – the Mediterranean-themed community in Dubai to recreate the visual elements and features of waterfront cities. Here, the Portofino cluster of villas and townhouses is entitled as a work and play hub with office spaces, Italian luxury living and great outdoors. The off-plan project is expected to be completed by Q4 2025.
IN A NUTSHELL
- One of the eight sub-districts of DAMAC Lagoons
- Offers 4, 5 and 7-bedroom luxury residences
- A mixed-use project with offices and recreational facilities
- A project by DAMAC Properties
- Handovers are expected in Q4 2025
PROPERTY
COMMUNITY OVERVIEW
Portofino residences are surrounded by landscaped and waterfront features. Italian architecture combined with exclusive space for sports and leisure makes the community a sought-after address in Dubai. Besides, easy connectivity to the central city and nearby amenities are other key features adding to the popularity of Portofino DAMAC Lagoons among other off-plan investment options in Dubai.
Portofino DAMAC Lagoons Dubai Masterplan
Portofino DAMAC Lagoons Dubai offers luxurious residences surrounded by crystal lagoons and a bunch of waterside amenities. Besides well-appointed homes, the neighbourhood also features all the essential elements for a peaceful workspace. It has soundproof office pods equipped with state-of-the-art facilities and set close to the green elements of nature creating a productive workspace for all.
Conduct the team meeting or attend a business call in your aqua office with scenic sunset views. The community also has dedicated outdoor rooms with glass enclosures for private meetings. Take a break from headphones and enjoy live music in the open-air music pavilion. Bring your laptop and sit and relax in the dedicated area to enjoy it to the fullest.
Adding the DAMAC charm to communal amenities, the developer has planned an aqua library and gym and an outdoor spa allowing accessibility to Portofino residents. The fishing lake and an observatory are other facilities in the villa community.
Properties in Portofino DAMAC Lagoons
In terms of properties in Portofino DAMAC Lagoons Dubai, there is an elegant collection of waterfront villas and townhouses. End-users can choose from 3, 4, 5 and 5-bedroom two or three-storey houses equipped with quality finishing and furnishings. The main level of most floor plans features a living and dining area, a fitted kitchen, a guest bedroom and a maid’s room.
The first floor has the rest of the bedrooms and a terrace offering scenic waterfront views. The larger units of all, 7-bedroom houses come with an indoor gym and a pool also. Other features include an in-house parking facility and garden.
Sales Trends in Portofino Dubai
Prospective buyers can purchase villas in the community in the following price range:
Villa Type | Average Sales Price in AED |
|---|---|
Villa Type 3-Bed | Average Sales Price in AED 1,556,000 |
Villa Type 4-Bed | Average Sales Price in AED 1,760,000 |
Villa Type 5-Bed | Average Sales Price in AED 2,525,000 |
Villa Type 7+-Bed | Average Sales Price in AED 10,111,000 |
- The 3-bedroom villas for sale in Portofino Dubai can be purchased for AED 1.4M to 1.8M
- Starting sales prices for 4-bed villas in Portofino Dubai range from AED 1.5M to 4.9M
- Expansive 5-bed Portofino villas for sale are offered for AED 1.6M to AED 8M
- Buying 7-bed Portofino villas in DAMAC Lagoons cost around AED 6.3M to AED 25M
As for townhouses in the community, the price range is as follows:
The starting sales price of 3-bed houses in Portofino DAMAC Lagoons is AED 1.3M and it can go up to AED 1.4M for 4-bed Portofino townhouses for sale. Likewise, around AED 1.7M is the demand for 5-bedroom townhouses in Portofino DAMAC Lagoons.
There are a few 7-bed Portofino houses for sale in DAMAC Lagoons for investors searching for a more spacious residential unit.
PAYMENT PLAN
Instalment | Payment in % | Schedule |
|---|---|---|
Instalment Down Payment | Payment in % 24% | 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 % 7% | Schedule In 15 months of sales |
Instalment 6th | Payment in % 7% | Schedule In 18 months of sales |
Instalment 7th | Payment in % 7% | Schedule In 21 months of sales |
Instalment 8th | Payment in % 7% | Schedule In 24 months of sales |
Instalment 9th | Payment in % 6% | Schedule In 27 months of sales |
Instalment 10th | Payment in % 6% | Schedule In 30 months of sales |
Instalment Final Settlement | Payment in % 20% | Schedule On completion |
The project is being offered at a 60/40 flexible payment schedule to interested buyers. A 24% down payment (inclusive of 4% DLD) and 20% on the completion of the project will be paid with a total of 60% payment in easy instalments during construction phases.
Location
- Dubai Polo & Equestrian Club is an 8-minute drive away
- A 20-minute drive to Mall of the Emirates
- Strategically located near Arabian Ranches 2 and Dubailand
FAQs about Portofino DAMAC Lagoons
Where is Portofino DAMAC Lagoons located?
Portofino DAMAC Lagoons is an off-plan community by DAMAC Properties located adjacent to Sheikh Zayed Bin Hamdan Al Nahyan Street.
What property types are available in Portofino DAMAC Lagoons?
You can choose from 3, 4, 5 and 7-bedroom villas in Portofino DAMAC Lagoons.
*Featured image source: DAMAC Properties