Damac Lagoons – Monte Carlo is a residential project by Damac Properties in Damac Lagoons, Dubai, with handover 31.12.2025, construction 86.4% complete per the DLD registry.
Construction progress
- Handover31.12.2025
- Status date09.07.2026
- DLD project number2488
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 |
|---|---|---|---|
| 31.07.2026 | 144.0 | 1 959 000 | |
| 30.07.2026 | 144.9 | 2 300 000 | |
| 10.07.2026 | 144.1 | 2 350 000 | |
| 09.07.2026 | 144.0 | 2 500 000 | |
| 06.07.2026 | 144.0 | 2 325 000 | |
| 30.06.2026 | 144.3 | 635 700 | |
| 29.06.2026 | 144.0 | 2 300 000 | |
| 29.06.2026 | 222.7 | 851 100 | |
| 22.06.2026 | 144.0 | 2 285 000 | |
| 22.06.2026 | 144.0 | 2 650 000 | |
| 08.06.2026 | 144.1 | 635 400 | |
| 03.06.2026 | 144.0 | 2 250 000 | |
| 15.05.2026 | 144.0 | 2 325 000 | |
| 14.05.2026 | 228.8 | 3 200 000 | |
| 13.05.2026 | 144.0 | 587 700 | |
| 12.05.2026 | 144.1 | 2 350 000 | |
| 11.05.2026 | 150.6 | 2 310 000 | |
| 11.05.2026 | 219.6 | 2 937 500 | |
| 17.04.2026 | 219.6 | 3 050 000 | |
| 25.03.2026 | 144.0 | 2 570 750 |
Dubai Land Department transaction registry, updated 2026-08-11. Explore Dubai property transactions →
Places nearby
About the project
Damac Lagoons – Monte Carlo is a villa project by Island Oasis Properties in Damac Lagoons, Dubai. It contains 424 homes and is recorded as Active, with a completion ratio of 86.38% as of 6 August 2026. The project started on 12 February 2022 and has a recorded completion date of 31 December 2025.
The project
Damac Lagoons – Monte Carlo is registered under project number 2488 and occupies a total area of 71,042.87 square metres. The development comprises 424 homes within the Damac Lagoons community. Its registered description identifies villas in G+1 and G+2 formats. Construction is specified as a concrete structure with blockwork, complemented by internal and external finishes. The project’s recorded status is Active. Island Oasis Properties is the developer of Damac Lagoons – Monte Carlo, while Damac Lagoons forms part of the wider masterplanned residential community by Damac Properties.
Villa format and construction
The homes at Damac Lagoons – Monte Carlo are villas rather than apartments. The registered project description sets out two building formats: ground-plus-one-storey villas and ground-plus-two-storey villas. The construction specification calls for concrete structural works and blockwork, followed by internal and external finishes. This gives the project a low-rise residential form within a community that combines villas, townhouses and shared infrastructure. The recorded total of 424 homes provides the stated project scale for Monte Carlo.
Damac Lagoons setting
Monte Carlo sits within Damac Lagoons, a Mediterranean-inspired, multi-cluster residential community in Dubai. The wider masterplan is organised around themed neighbourhoods, each structured around a local hub with its own leisure focus. It combines residential clusters with a network of lagoons, white sandy beaches and shared community infrastructure. Damac Lagoons covers 45 million square feet and involves the conversion of more than 400 hectares into residential clusters and associated infrastructure. Other themed communities cited within the masterplan include Santorini, Portofino, Venice and Morocco. Venice is described as a Fun Hub, while Morocco is described as a Tranquility Hub.
Destinations from Damac Lagoons
Damac Lagoons is 11.7 km from Mall of the Emirates and 11.8 km from Dubai Marina. 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. These distances place Monte Carlo within the Damac Lagoons masterplan’s Dubai location.
Construction progress and completion
Damac Lagoons – Monte Carlo began on 12 February 2022. Its recorded completion date is 31 December 2025. The latest stated project status is Active, and the completion ratio is 86.38%, with an inspection date of 9 July 2026. The project status and completion ratio apply specifically to Damac Lagoons – Monte Carlo. Within the wider Damac Lagoons community, handovers have begun at the Santorini cluster, where the first homes have been delivered to owners.
Developer
Island Oasis Properties is the developer of Damac Lagoons – Monte Carlo. The project is located in Damac Lagoons, a masterplanned community by Damac Properties on the former Dubai Golf City site. The community is arranged as a collection of Mediterranean-inspired residential clusters centred on lagoon and beach-style features. Monte Carlo forms one of the villa projects within this larger community structure, which includes themed neighbourhoods and shared infrastructure.
Registered transactions in Damac Lagoons – Monte Carlo
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 grew faster.
How the price per square metre moved
From 2022 to 2025 — +12% 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.
