Damac Lagoons – Ibiza is a residential project by Damac Properties in Damac Lagoons, Dubai, with handover 31.12.2025, construction 74.9% complete per the DLD registry.
Payment plan 60/40
- Down payment20%
- During construction40%
- On handover40%
Construction progress
- Handover31.12.2025
- Status date10.07.2026
- DLD project number2486
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 | 144.0 | 2 400 000 | |
| 03.08.2026 | 144.0 | 2 253 000 | |
| 29.07.2026 | 144.1 | 2 300 000 | |
| 23.07.2026 | 144.0 | 2 320 000 | |
| 22.07.2026 | 144.1 | 2 500 000 | |
| 15.07.2026 | 219.3 | 3 235 001 | |
| 13.07.2026 | 144.0 | 2 500 000 | |
| 07.07.2026 | 144.0 | 2 575 000 | |
| 06.07.2026 | 144.1 | 2 300 000 | |
| 29.06.2026 | 221.6 | 3 150 000 | |
| 19.06.2026 | 223.4 | 3 200 000 | |
| 15.06.2026 | 144.0 | 2 380 000 | |
| 11.06.2026 | 242.9 | 4 235 000 | |
| 11.06.2026 | 144.0 | 2 189 000 | |
| 22.05.2026 | 267.7 | 2 117 780 | |
| 21.05.2026 | 144.0 | 555 250 | |
| 18.05.2026 | 219.6 | 3 450 000 | |
| 12.05.2026 | 219.6 | 3 025 000 | |
| 12.05.2026 | 144.0 | 1 567 000 | |
| 07.05.2026 | 220.9 | 3 200 000 |
Dubai Land Department transaction registry, updated 2026-08-11. Explore Dubai property transactions →
Places nearby
About the project
Damac Lagoons – Ibiza is an active villa development by Island Oasis Properties in Damac Lagoons, within Al Hebiah Fifth. The project started on 12 February 2022 and has a recorded completion ratio of 74.86% following an inspection dated 10 July 2026. It is identified under project number 2486 and has 823 total units.
The project
Damac Lagoons – Ibiza is a residential project within the Damac Lagoons community in Dubai. The development is identified by project number 2486 and occupies a total recorded area of 139,628.62. Island Oasis Properties is named as the developer for the project. The project is active, and its construction began on 12 February 2022. A total of 823 units is recorded for Damac Lagoons – Ibiza. The project’s registered description identifies villas configured across ground-plus-one and ground-plus-two storeys. Its construction specification includes a concrete structure and blockwork, with internal and external finishes.
Villa format and construction
The registered project description defines Damac Lagoons – Ibiza as a villa development rather than an apartment scheme. Villa configurations are stated as G+1 and G+2, meaning ground-floor homes with either one or two upper levels. The construction is specified as concrete structure and blockwork, finished internally and externally. This places the project within the low-rise residential format of the wider Damac Lagoons masterplan. The recorded total of 823 units provides the project-level unit count. The development has a recorded total area of 139,628.62, with the project’s construction and finishing specification forming part of its registered development description.
Damac Lagoons setting
Damac Lagoons is a Mediterranean-inspired masterplanned residential community arranged around themed clusters. The wider community combines villas, townhouses and shared infrastructure alongside lagoons and beach-style features. Its masterplan covers 45 million square feet and involves more than 400 hectares of themed residential clusters and associated infrastructure. The community includes neighbourhoods with different local hubs and leisure themes. Santorini and Portofino are among the themed communities cited within the masterplan, while Venice is described as a Fun Hub and Morocco as a Tranquility Hub. Damac Lagoons – Ibiza forms part of this broader multi-cluster residential destination.
Location and connections
Damac Lagoons – Ibiza is located in Damac Lagoons, with Al Hebiah Fifth recorded as its area. From Damac Lagoons, Dubai Marina is 11.8 km away and Mall of the Emirates is 11.7 km away. JBR Beach is 12.2 km away, while Palm Jumeirah is 14.3 km away. Al Maktoum International Airport is 15.3 km from the community. Downtown Dubai and Burj Khalifa are 20.4 km away, and The Dubai Mall is 20.6 km away. Dubai International Airport is 29.4 km from Damac Lagoons.
Construction status and completion date
Damac Lagoons – Ibiza is recorded as active. Its completion ratio is 74.86%, based on an inspection dated 10 July 2026. The project start date is recorded as 12 February 2022, and the completion date is listed as 31 December 2025. These project milestones are associated with project number 2486. The current status and completion ratio apply specifically to Damac Lagoons – Ibiza. The wider Damac Lagoons masterplan has multiple construction packages and phased clusters, with handovers having begun at the Santorini cluster.
Developer and project identification
Island Oasis Properties is the developer named for Damac Lagoons – Ibiza. The project is recorded under number 2486, which is also its Dubai Land Department project number. It is located in the Damac Lagoons community and is associated with the Al Hebiah Fifth area. The development has 823 total units and a recorded total area of 139,628.62. Its recorded status is active, with a 74.86% completion ratio at the inspection dated 10 July 2026. The project’s stated completion date is 31 December 2025.
Registered transactions in Damac Lagoons – Ibiza
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 lagged.
How the price per square metre moved
From 2023 to 2025 — +18% on the price per square metre in this building. The district moved +15% over the same period, so the building tracked 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.
