Damac Lagoons – Venice (1) is a residential project by Damac Properties in Damac Lagoons, Dubai, with handover 29.09.2025, construction 74.4% complete per the DLD registry.
Construction progress
- Handover29.09.2025
- Status date17.07.2026
- DLD project number2396
Data from the Dubai Land Department project registry (updated 13.08.2026 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 |
|---|---|---|---|
| 03.08.2026 | 791.7 | 13 000 000 | |
| 31.07.2026 | 1 471.7 | 6 011 091 | |
| 29.07.2026 | 473.7 | 6 150 000 | |
| 28.07.2026 | 273.6 | 3 050 004 | |
| 20.07.2026 | 666.7 | 10 600 000 | |
| 09.07.2026 | 730.2 | 12 400 000 | |
| 09.07.2026 | 453.9 | 1 741 014 | |
| 01.07.2026 | 508.8 | 6 075 000 | |
| 23.06.2026 | 1 471.7 | 23 500 000 | |
| 11.06.2026 | 1 652.9 | 24 500 000 | |
| 08.06.2026 | 640.0 | 11 800 009 | |
| 02.06.2026 | 771.7 | 13 325 000 | |
| 18.05.2026 | 857.1 | 11 162 794 | |
| 12.05.2026 | 469.5 | 5 900 000 | |
| 24.04.2026 | 347.9 | 6 028 719 | |
| 20.04.2026 | 463.9 | 1 969 000 | |
| 17.04.2026 | 477.8 | 5 900 000 | |
| 13.04.2026 | 465.5 | 5 621 000 | |
| 25.03.2026 | 1 321.0 | 19 349 000 | |
| 16.03.2026 | 485.4 | 1 848 400 |
Dubai Land Department transaction registry, updated 2026-08-12. Explore Dubai property transactions →
About the project
Damac Lagoons – Venice (1) is a villa project in the Damac Lagoons community, developed by Island Oasis Properties. The project is active and comprises 424 units. Its recorded completion ratio is 74.43%, with an inspection dated 17 July 2026.
The project at a glance
Damac Lagoons – Venice (1) is a residential villa development within Damac Lagoons. The project started on 28 December 2022 and has a recorded completion date of 29 September 2025. It is listed as active, and the latest recorded construction completion ratio is 74.43%. The development has 424 units and a total recorded project area of 291,988.09. Venice forms part of a wider themed residential setting arranged around lagoons, beaches and Mediterranean-inspired neighbourhoods. Within the masterplan, Venice is identified as a Fun Hub.
Villa design and construction
The project is designed as G+2 villas. Its construction specification describes a concrete structure and blockwork, with internal and external finishes. The homes form part of a villa-led community rather than an apartment building scheme. Damac Lagoons as a whole combines villas, townhouses and shared community infrastructure across themed clusters. The Venice cluster sits within this multi-cluster arrangement, where neighbourhood hubs establish their own leisure focus. The recorded project description refers to 425 G+2 villas, while the current project unit total is recorded as 424.
Damac Lagoons masterplan
Damac Lagoons is a Mediterranean-inspired masterplanned residential community on the former Dubai Golf City site. Its overall layout is organised around themed communities, lagoons and white-sand beach settings. The masterplan covers 45 million square feet and involves the conversion of more than 400 hectares into multi-cluster residential areas and associated infrastructure. The wider community includes themed neighbourhoods such as Santorini, Portofino, Venice and Morocco. Venice is positioned as a Fun Hub, while Morocco is identified as a Tranquility Hub. The wider plan combines residences with shared leisure and community infrastructure arranged around a network of lagoons and beaches.
Location and nearby destinations
The project is located in Damac Lagoons, within Al Hebiah Fifth in Dubai. Dubai Marina is 11.8 km from Damac Lagoons, 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 the community. Al Maktoum International Airport is 15.3 km away. Downtown Dubai and Burj Khalifa are 20.4 km from Damac Lagoons, and The Dubai Mall is 20.6 km away. Dubai International Airport is 29.4 km from the community. These destinations place the development within reach of Dubai’s marina, beach, retail, airport and central-city areas.
Construction status and delivery record
Damac Lagoons – Venice (1) has active project status. The latest recorded inspection took place on 17 July 2026, when the completion ratio was recorded at 74.43%. The project start date is 28 December 2022, and its recorded completion date is 29 September 2025. Construction progress for this project should be distinguished from progress figures for the wider Damac Lagoons masterplan, which includes multiple themed clusters and separate infrastructure packages. Within the broader community, handovers have begun at the Santorini cluster, where the first homes have been delivered to owners.
The developer
Island Oasis Properties is the developer of Damac Lagoons – Venice (1). The project forms part of the Damac Lagoons masterplanned community, a large residential destination composed of themed clusters. The wider community’s development programme includes villas, townhouses, roads, infrastructure and shared leisure-focused settings around lagoons and beaches. Venice is one of the community’s themed clusters and is identified within the masterplan as a Fun Hub. The project itself is a G+2 villa development with 424 recorded units.
A villa cluster within a phased community
Venice is part of a larger phased community where different clusters have individual themes and construction programmes. The wider Damac Lagoons development has projects and construction activity across several clusters, including Venice, Malta, Mykonos, Monte Carlo, Nice and Portofino. Community roads and infrastructure works have been assigned for the Malta and Venice areas. The Venice cluster has also had a construction contract covering 275 villas. Damac Lagoons is structured as a residential destination centred on a network of lagoons, beach-style environments and local hubs, with Venice designated as one of its leisure-focused areas.
Registered transactions in Damac Lagoons – Venice (1)
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 — +8% 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.
