Distress Deal: 4BR Townhouse Mykonos DAMAC Lagoons | AED 2.35M | 10% Below Market | Q2 2026

4-Bedroom Townhouse for Sale in Mykonos, DAMAC Lagoons — 10% Below Current Market, Near Handover

A financially motivated seller is exiting their 4-bedroom townhouse in the Mykonos cluster at DAMAC Lagoons, Dubailand, Dubai at AED 2,350,000 — approximately 10% below the current market comparable of AED 2,611,000 for the same configuration. At AED 1,030 per sq ft on 2,282 sq ft, the buyer enters at a significant per-sqft discount to the community’s active trading range of AED 1,200–1,286 per sq ft. The seller has already paid AED 1,713,750 (approximately 73.5% of total obligations), with AED 618,250 remaining to DAMAC — the final milestone before handover in Q2 2026. This 4BR Mykonos DAMAC Lagoons for sale is a near-completion, Greek island-inspired townhouse with private garden, covered parking and full DAMAC Lagoons community access, priced at the lowest level currently available in the cluster.

Property Highlights

• Project: Mykonos Cluster, DAMAC Lagoons by DAMAC Properties
• Location: Dubailand, Dubai, UAE — opposite DAMAC Hills
• Unit Type: 4-Bedroom Townhouse (G+1, 2-storey)
• BUA: 2,282 sq ft | Plot: ~1,550 sq ft
• Asking Price: AED 2,350,000
• Market Comparable (4BR Mykonos): AED 2,611,000–3,000,000
• Saving vs Market: ~AED 261,000–650,000 (10–22%)
• Price Per Sq Ft: AED 1,030 (market: AED 1,200–1,286/sqft)
• Paid to Seller (equity already invested): AED 1,713,750
• Outstanding to DAMAC: AED 618,250
• Handover: Q2 2026
• Developer: DAMAC Properties
• Status: Off-Plan Distress Resale | Near to Handover
• Ownership: Freehold — all nationalities eligible
• Golden Visa: Eligible — purchase exceeds AED 2,000,000 threshold
• Listing Reference: MYKONOS-DL-4BR-001

About Mykonos at DAMAC Lagoons

Mykonos is one of the final themed clusters within DAMAC Lagoons, a 45-million-sq-ft Mediterranean-inspired masterplan in Dubailand developed by DAMAC Properties — one of the Middle East’s largest and most established luxury real estate developers, founded in 2002 by Hussain Sajwani. The Mykonos cluster draws its architectural identity from the famous Greek island: whitewashed exteriors, wooden accents, Cycladic clean lines, and a Bohemian courtyard concept that sets it apart from other DAMAC Lagoons phases. The 4-bedroom townhouses are 2-storey homes of 2,282 sq ft BUA on approximately 1,550 sq ft plots, each with a private garden, covered carport (2 spaces), terrace, 1–2 balconies, floor-to-ceiling windows, and a laundry/storage room. DAMAC Lagoons sits directly opposite DAMAC Hills — home to the Trump International Golf Club — giving Mykonos residents access to a mature neighbouring ecosystem of schools, retail and leisure while the Lagoons masterplan builds to full operational capacity.

DAMAC Lagoons — Community & Lifestyle

• Mykonos cluster features an Open-air Glow Lounge, Honey Bar, Windmill Park, Beach Club, Paradise Beach, Volcanic Stones Park, Floating Gardens, and Pool Bar — all Greek island-inspired and exclusive to the cluster
• DAMAC Lagoons masterplan amenities: floating cinema, floating amphitheatre, crystal lagoon swimming, Aqua Wall climbing, alcohol-licensed bars, Tapas Lounge, global music events, sports courts, dining outlets, and retail
• South View School (2.1 km) and Royal Grammar School Guildford Dubai (2.8 km) — both rated Outstanding or Very Good — are within immediate reach
• Adjacent to DAMAC Hills (Trump Golf Club), giving residents access to Radisson Dubai DAMAC Hills Hotel and an established F&B and retail ecosystem
• Hessa Street (D61) and Sheikh Zayed Bin Hamdan Al Nahyan Street (D54) provide direct access to Al Khail Road (E44), Emirates Road (E611) and Mohammed Bin Zayed Road (E311)
• A freehold community open to all nationalities — one of Dubailand’s most actively traded family residential clusters

Amenities

• Open-air Glow Lounge — signature cocktail and social venue within Mykonos cluster
• Honey Bar — natural honey tasting and wellness-inspired bar
• Pool Bar and Floating Gardens within the Mykonos lagoon zone
• Windmill Park — family entertainment space inspired by the Greek island landscape
• Beach Club and Paradise Beach with sand and water access
• Volcanic Stones Park — sculptural outdoor space unique to Mykonos
• Luxury pool floats and lagoon water activities
• Floating cinema and floating amphitheatre across DAMAC Lagoons
• Alcohol-licensed bars and Tapas Lounge (community-wide)
• Aqua Wall climbing and water sports throughout DAMAC Lagoons
• Sports courts, children’s playgrounds, running tracks, and wellness centres
• Private garden and covered carport (2 spaces) per townhouse

Layout & Floor Plan

The Mykonos 4-bedroom townhouse is a G+1, 2-storey home spanning 2,282 sq ft of built-up area on a plot of approximately 1,550 sq ft. The layout includes four bedrooms, three bathrooms, a powder room, an open-plan ground-floor living and dining area, a fitted kitchen, a private garden accessible from the ground floor, a terrace, 1–2 balconies, and a dedicated laundry/storage room. Floor-to-ceiling windows throughout flood the interior with natural light. A covered carport for two vehicles is standard. The exact unit number, stack, orientation, and detailed room-by-room floor plan for this specific distress unit are available on request from the listing agent quoting reference MYKONOS-DL-4BR-001.

Payment Plan — What the Buyer Steps Into

The seller’s total obligation to DAMAC was approximately AED 2,332,000. Of this, AED 1,713,750 has already been paid across the booking and construction milestones (approximately 73.5% of total obligations). The remaining AED 618,250 is outstanding to DAMAC and is payable on handover in Q2 2026. The buyer pays AED 2,350,000 total: AED 1,713,750 to the seller at transfer, and AED 618,250 to DAMAC on handover. Additional buyer costs: DLD transfer fee 4% = AED 94,000; trustee/conveyancing ~AED 4,200. Total indicative all-in commitment for the buyer: approximately AED 2,448,200 at transfer, with the AED 618,250 handover balance due Q2 2026. The complete payment schedule and DAMAC balance confirmation are available on request.

Location & Connectivity — Dubailand, Dubai

• South View School (Outstanding rated): 2.1 km | ~5 min
• Royal Grammar School Guildford Dubai (Very Good rated): 2.8 km | ~6 min
• DAMAC Hills (Trump Golf Club): ~2 km | ~5 min
• City Centre Me’aisem: ~8 min drive
• Dubai Miracle Garden: ~10 min drive
• Al Maktoum International Airport (DWC): ~25 min drive
• Palm Jumeirah: ~27 min drive
• Burj Al Arab: ~29 min drive
• The Walk JBR: ~31 min drive
• Dubai Mall / Downtown Dubai: ~33 min drive
• Dubai International Airport (DXB): ~37 min drive
• Access via Al Khail Road (E44), Emirates Road (E611), Mohammed Bin Zayed Road (E311)

Why This Mykonos 4BR Is Worth Considering in 2026

• 10% below current market on a verified basis: Active PropertyFinder listings for comparable 4BR Mykonos units at 2,282 sqft are asking AED 2,699,000–3,000,000. This unit at AED 2,350,000 sits materially below the low end of that range, with an immediate per-sqft equity cushion
• 73.5% already paid — minimal remaining exposure: The seller has funded the overwhelming majority of construction payments. The buyer absorbs that progress while paying less than the seller’s cumulative cost, leaving only the AED 618,250 handover tranche outstanding before keys transfer
• Q2 2026 handover — months away: This is a near-completion asset, not a multi-year off-plan commitment. The buyer holds the unit through a final short window before receiving a freehold title deed
• 8.7% gross yield at ask: Based on the adjacent DAMAC Hills benchmark of AED 205,000/year for comparable 4BR family townhouses (Property Finder data), the gross yield at the AED 2,350,000 asking price is approximately 8.7% — above both the community benchmark of 8.1% and Dubai’s overall residential average of 6.76%
• Private garden + 2 covered parking — premium family configuration: The dedicated private garden and two-car covered carport are the primary differentiators for family tenant demand in this price segment, supporting above-average rental occupancy and renewal rates
• 10-year Golden Visa at AED 2M+ threshold: At AED 2,350,000, this purchase qualifies the buyer for a 10-year UAE Golden Visa upon completion, covering the buyer’s entire immediate family and domestic staff

Frequently Asked Questions (FAQs) — Mykonos DAMAC Lagoons Distress Sale