Damac Lagoons – Portofino is a residential project by Damac Properties in Damac Lagoons, Dubai, with handover 29.06.2025, construction 97.1% complete per the DLD registry.
Construction progress
- Handover29.06.2025
- Status date16.07.2026
- DLD project number2356
Data from the Dubai Land Department project registry (updated 12.08.2026 09:55).
Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.
All Dubai construction in the DLD register · Developer: Damac Properties · District: Damac Lagoons
Recent transactions
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 10.08.2026 | 219.6 | 3 500 000 | |
| 10.08.2026 | 219.6 | 2 800 000 | |
| 07.08.2026 | 144.0 | 2 330 000 | |
| 07.08.2026 | 144.0 | 2 600 000 | |
| 07.08.2026 | 144.0 | 1 864 000 | |
| 07.08.2026 | 214.8 | 1 850 000 | |
| 07.08.2026 | 144.0 | 1 560 000 | |
| 06.08.2026 | 144.0 | 1 920 000 | |
| 06.08.2026 | 144.0 | 2 400 000 | |
| 06.08.2026 | 219.6 | 2 880 000 | |
| 05.08.2026 | 144.0 | 2 530 000 | |
| 05.08.2026 | 144.0 | 2 024 000 | |
| 04.08.2026 | 72.0 | 1 325 000 | |
| 03.08.2026 | 500.0 | 7 000 000 | |
| 03.08.2026 | 144.0 | 1 820 000 | |
| 03.08.2026 | 219.6 | 2 720 000 | |
| 03.08.2026 | 219.6 | 2 640 000 | |
| 31.07.2026 | 144.0 | 470 700 | |
| 30.07.2026 | 144.0 | 350 000 | |
| 30.07.2026 | 219.6 | 2 700 000 |
Rentals — 20
| Date | Type | Size, m² | Rent, AED/yr |
|---|---|---|---|
| 3 bed rooms+hall | 144.0 | 130 000 | |
| 5 bed rooms+hall | 219.6 | 200 000 | |
| 3 bed rooms+hall | 144.0 | 135 000 | |
| 4 bed rooms+hall | 144.0 | 150 000 | |
| 4 bed rooms+hall | 144.5 | 140 000 | |
| 4 bed rooms+hall | 147.5 | 145 000 | |
| 4 bed rooms+hall | 144.0 | 150 000 | |
| 3 bed rooms+hall | 144.0 | 135 000 | |
| 4 bed rooms+hall | 144.0 | 140 000 | |
| 4 bed rooms+hall | 144.0 | 145 000 | |
| 4 bed rooms+hall | 144.0 | 140 000 | |
| 3 bed rooms+hall | 144.0 | 135 000 | |
| 4 bed rooms+hall | 144.0 | 140 000 | |
| 3 bed rooms+hall | 144.0 | 135 000 | |
| 3 bed rooms+hall | 144.0 | 130 000 | |
| 3 bed rooms+hall | 144.0 | 128 000 | |
| 4 bed rooms+hall | 144.0 | 148 000 | |
| 4 bed rooms+hall | 143.6 | 145 000 | |
| 4 bed rooms+hall | 144.0 | 136 000 | |
| 4 bed rooms+hall | 144.0 | 145 000 |
Dubai Land Department transaction registry, updated 2026-08-11. Explore Dubai property transactions →
Places nearby
About the project
Damac Lagoons – Portofino is an active villa project in the Damac Lagoons community, within Al Hebiah Fifth, Dubai. Island Oasis Properties is the developer. The project was recorded at 97.14% completion on 16 July 2026, with a project completion date of 29 June 2025.
The Portofino project
Damac Lagoons – Portofino forms part of Damac Lagoons, a multi-cluster residential community arranged around Mediterranean-inspired neighbourhoods. The project began on 24 April 2022 and has a recorded total area of 169471.20. Its development status is active. Damac Lagoons is planned as a residential setting combining villas, townhouses and shared community infrastructure around lagoons and beaches. Portofino is one of the named neighbourhoods within this wider community, alongside clusters including Santorini, Venice, Morocco, Malta, Mykonos, Monte Carlo and Nice. The community layout is organised into themed districts, each structured around a local hub with its own leisure focus.
Villa configuration and construction
The project consists of villas with ground-plus-one and ground-plus-two storey configurations. The villas are designed with a concrete structure and blockwork, with internal and external finishes. A total of 867 units is recorded for Damac Lagoons – Portofino. Construction activity in the Portofino cluster has included main building works for 61 villas. The wider Damac Lagoons community is a villa and townhouse development rather than an apartment-led scheme, with residential clusters connected by shared infrastructure. The project’s recorded villa format places the homes across two low-rise configuration types: G+1 and G+2.
The Damac Lagoons community setting
Damac Lagoons is a large masterplanned residential community with white sandy beaches, lagoons and themed clusters. The overall masterplan covers 45 million square feet and involves the conversion of more than 400 hectares into a multi-cluster residential destination. The community’s design combines Mediterranean-inspired neighbourhoods with a network of lagoons and beach areas. Within the wider masterplan, Venice is identified as a Fun Hub and Morocco as a Tranquility Hub. Santorini and Portofino are among the Mediterranean-themed communities named within the development. Shared community infrastructure is arranged alongside villas and townhouses throughout the masterplan.
Connections from Damac Lagoons
Damac Lagoons is located in Dubai. Dubai Marina is 11.8 km from the community, while Mall of the Emirates is 11.7 km away and JBR Beach is 12.2 km away. Palm Jumeirah is 14.3 km from Damac Lagoons. Al Maktoum International Airport is 15.3 km away. Downtown Dubai and Burj Khalifa are 20.4 km from the community, and The Dubai Mall is 20.6 km away. Dubai International Airport is 29.4 km from Damac Lagoons. These destinations place the Portofino cluster within the wider Damac Lagoons residential masterplan.
Project status and timeline
Damac Lagoons – Portofino is recorded as active. The project start date is 24 April 2022, and its completion date is 29 June 2025. The completion ratio was recorded at 97.14% following an inspection dated 16 July 2026. The project’s daily refreshed status was updated on 24 July 2026. Within the wider Damac Lagoons development, handovers have begun at the Santorini cluster, where the first homes have been delivered to owners. Portofino has also had a main building works package covering 61 villas, as part of construction activity across the masterplanned community.
Developer
Island Oasis Properties is the developer of Damac Lagoons – Portofino. The project is located within the Damac Lagoons masterplanned community in Al Hebiah Fifth, Dubai. Island Oasis Properties is identified as the developer for project number 2356, which is also the project’s Dubai Land Department number. The recorded development programme began in April 2022 and carries a completion date in June 2025. The project is active and was recorded at 97.14% completion in July 2026.
Registered transactions in Damac Lagoons – Portofino
Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.
The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved +3% over the same period, so the building matched it.
How the price per square metre moved
From 2022 to 2025 — +26% on the price per square metre in this building. The district moved +34% over the same period, so the building lagged the market.
Top to bottom: purchase price per m², year, annual rent per m², gross yield.
All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.
* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.
Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.
