DAMAC Lagoons Santorini
Santorini at DAMAC Lagoons: handover date, prices and payment plan. The first DAMAC Lagoons cluster to hand over: 3 to 5 bedroom townhouses and 6 bedroom villas. All three phases are recorded finished on the DLD register.
Short answer
Santorini is handed over. DAMAC began handovers there in November 2025, the first at DAMAC Lagoons. On the DLD register, Santorini 2 (388 homes) was recorded finished on 11 February 2026 and Santorini 3 (96 homes) on 9 April 2026, and Propsearch records Santorini 1 as completed in November 2025. Townhouses launched from about AED 1.5 million for 3 bedrooms in late 2021. DLD-registered resales from July to September 2026 put 4 bedroom townhouses at AED 2.6 million to AED 2.95 million.
- Status
- handed over
- Handover date
- Handovers began Nov 2025; Santorini 2 finished 11 Feb 2026, Santorini 3 on 9 Apr 2026 (DLD)
- Construction
- All three phases finished on the DLD register, the last on 9 Apr 2026
- Payment plan
- Launch plan 24% on booking, 66% during construction, 10% at handover (Property Finder)
- Starting price
- Launched from AED 1.5M (3 bed); 4 bed resales AED 2.6M to 2.95M (DLD, Jul to Sep 2026)
Homes on the DLD register
943
Santorini 1, 2 and 3; DLD via Data Habibi and Real Estate Club Dubai
Last phase finished
9 Apr 2026
Santorini 3, DLD register
4 bed townhouse resales
AED 2.6M to 2.95M
DLD, Jul to Sep 2026, via Data Habibi
Service charge
AED3.5/sq ft
Santorini 1, 2 and 3, DLD index 2026
When was DAMAC Lagoons Santorini handed over?
Santorini is one of the clusters of DAMAC Lagoons, the Mediterranean-themed community opposite DAMAC Hills in Dubailand. It was launched with the master community in November 2021 and was the first cluster to hand over. DAMAC said on 24 November 2025 that the first Santorini homes had been delivered to their owners.
The Dubai Land Department (DLD) registers Santorini in three phases:
| Phase | Homes | DLD status | Source |
|---|---|---|---|
| Santorini 1 | 459 | Completed, November 2025 | Propsearch, 22 Sep 2026 |
| Santorini 2 | 388 | Finished, 11 Feb 2026 | Real Estate Club Dubai DLD tracker |
| Santorini 3 | 96 | Finished, 9 Apr 2026 | Real Estate Club Dubai DLD tracker |
The registered completion date for the cluster was 29 July 2025, so the phases finished between about four and eight months after that date. Construction started in early 2022, with Shapoorji Pallonji as main contractor (Propsearch).
DAMAC Lagoons Santorini homes and sizes
Santorini has 3, 4 and 5 bedroom townhouses and a smaller number of 6 bedroom villas. The townhouse sizes and launch prices below come from DLD unit records for Santorini 1 and 2, as republished by Data Habibi.
| Home type | Built-up area | Launch price | Homes in Santorini 1 and 2 |
|---|---|---|---|
| 3 bed townhouse | About 2,017 sq ft | AED 1.5 million | 112 |
| 4 bed townhouse | About 2,227 sq ft | AED 1.67 million | 367 |
| 5 bed townhouse | 2,845 to 3,101 sq ft | AED 2.11 million | 368 |
| 6 bed villa | About 3,970 to 4,380 sq ft | Not published | Not published |
Villa sizes are from FazWaz listing data rather than the DLD. Most townhouses sit on plots of about 1,550 sq ft.
DAMAC Lagoons Santorini prices and resale
DLD-registered resales between July and September 2026 (Data Habibi):
| Home type | Recent sale prices | Price per sq ft |
|---|---|---|
| 3 bed townhouse | AED 2.55 million to AED 2.65 million | About AED 1,260 to 1,310 |
| 4 bed townhouse | AED 2.6 million to AED 2.95 million | About AED 1,170 to 1,330 |
| 5 bed townhouse | AED 3 million to AED 3.87 million | About AED 970 to 1,250 |
Property Finder also lists a 6 bedroom villa sold for AED 5.65 million on 31 July 2026. On these figures, a 4 bedroom townhouse bought at the AED 1.67 million launch price now resells for about 56% to 77% more. In DAMAC’s handover announcement, one owner described a home bought for AED 1.6 million at launch as now worth AED 3.2 million.
DAMAC Lagoons Santorini rents
Property Finder’s listing averages for the 12 months to September 2026 are about AED 161,600 a year for 3 bedrooms, AED 159,700 for 4 bedrooms and AED 207,100 for 5 bedrooms. Registered leases for 4 bedroom townhouses in July and August 2026 ranged from AED 120,000 to AED 160,000 a year, below the asking averages. Property Finder puts the gross rental yield at 5.4%.
DAMAC Lagoons Santorini payment plan
Property Finder records the launch plan as 24% on booking, 66% during construction and 10% at handover. Some brokers advertised other releases with a small deposit and a post-handover portion. Santorini is now sold out from DAMAC, so buyers today pay a resale price in cash or with a mortgage, plus the 4% DLD transfer fee.
DAMAC Lagoons Santorini service charges
The DLD service charge index lists AED 3.5 per sq ft per year for Santorini 1, 2 and 3 (2026, via PropertyStellar). For a 4 bedroom townhouse of 2,227 sq ft, that is about AED 7,800 a year.
How Santorini compares with other DAMAC Lagoons clusters
| Cluster | Main home types | DLD status | Recent 4 bed resales |
|---|---|---|---|
| Santorini | 3 to 5 bed townhouses, 6 bed villas | Finished, by 9 Apr 2026 | AED 2.6M to 2.95M |
| Costa Brava | 3 to 5 bed townhouses, 6 bed villas | Finished, by 4 Aug 2026 | AED 2.58M to 3M |
| Malta | 4 and 5 bed townhouses, 7 bed villas | Finished, by 19 Jun 2026 | AED 2.48M to 3M |
| Nice | 4 and 5 bed townhouses, 6 bed villas | 84% to 94%, Aug 2026 | AED 2.4M to 2.7M |
| Portofino | 3 to 5 bed townhouses, 7 bed villas | 97.14%, 16 Jul 2026 | AED 2.53M to 2.75M |
| Venice | 6 and 7 bed villas only | 74.43%, 17 Jul 2026 | No townhouses |
Sources: DLD register via Real Estate Club Dubai and Continental Club; DLD sales via Data Habibi and Property Finder, 2026. Santorini, Costa Brava and Portofino are the clusters in this table that include 3 bedroom townhouses, the smallest homes on offer.
What to check before buying at DAMAC Lagoons Santorini
- The title deed in the seller’s name, or the developer’s NOC if the deed has not yet been issued.
- Which phase the home is in. Santorini 1, 2 and 3 finished on different dates.
- The snagging record and any open defects claims under the developer’s warranty.
- The service charge statement for the unit, at the AED 3.5 per sq ft rate or any later revision.
- Recent DLD sales for the same layout and plot size, since end units and larger plots sell for more.
DAMAC Lagoons Santorini location: DAMAC Lagoons, Dubailand, Dubai
Map shows the area. Check the exact plot in the developer's site plan or the DLD project record. Check any project's DLD status.
Questions buyers also ask
Has Santorini at DAMAC Lagoons been handed over?
Yes. DAMAC began handovers at Santorini in November 2025 (DAMAC via Zawya, 24 Nov 2025). The DLD register records Santorini 2 finished on 11 February 2026 and Santorini 3 on 9 April 2026 (Real Estate Club Dubai DLD tracker).
What sizes are Santorini townhouses?
DLD records show 3 bedroom townhouses at about 2,017 sq ft, 4 bedrooms at 2,227 sq ft and 5 bedrooms at 2,845 to 3,101 sq ft of built-up area (Data Habibi, accessed 29 Sep 2026).
What do Santorini townhouses sell for now?
DLD-registered resales from July to September 2026 show 3 bedroom townhouses at about AED 2.55 million to AED 2.65 million, 4 bedrooms at AED 2.6 million to AED 2.95 million and 5 bedrooms at AED 3 million to AED 3.87 million (Data Habibi).
What is the rent for a townhouse in Santorini?
Property Finder's 12-month listing averages are about AED 161,600 a year for 3 bedrooms, AED 159,700 for 4 bedrooms and AED 207,100 for 5 bedrooms (accessed 29 Sep 2026). Registered 4 bedroom leases in July and August 2026 ranged from AED 120,000 to AED 160,000.
What is the Santorini DAMAC payment plan?
Santorini launched with this plan: 24% on booking, 66% during construction, 10% at handover (source: Property Finder). Homes now sell mainly as resales, where the buyer pays the seller and takes over any balance still owed to DAMAC.