Damac Lagoons – Nice 2 is a residential project by Damac Properties in Damac Lagoons, Dubai, with handover 29.07.2025, construction 72.7% complete per the DLD registry.
Construction progress
- Handover29.07.2025
- Status date29.04.2026
- DLD project number2336
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 | 2 300 000 | |
| 05.08.2026 | 144.0 | 2 425 000 | |
| 23.07.2026 | 144.0 | 2 400 000 | |
| 07.07.2026 | 228.8 | 3 180 000 | |
| 25.06.2026 | 144.0 | 2 325 000 | |
| 15.06.2026 | 144.0 | 2 250 000 | |
| 10.06.2026 | 219.6 | 3 100 000 | |
| 08.06.2026 | 144.0 | 2 450 000 | |
| 05.06.2026 | 144.0 | 2 300 000 | |
| 03.06.2026 | 144.0 | 2 300 000 | |
| 07.05.2026 | 144.0 | 2 350 000 | |
| 06.05.2026 | 144.0 | 2 225 000 | |
| 15.04.2026 | 144.0 | 830 000 | |
| 02.04.2026 | 144.0 | 2 540 000 | |
| 18.03.2026 | 144.0 | 2 250 000 | |
| 17.03.2026 | 144.0 | 2 600 000 | |
| 27.02.2026 | 144.0 | 2 627 000 | |
| 25.02.2026 | 144.0 | 2 655 000 | |
| 24.02.2026 | 144.0 | 2 650 000 | |
| 23.02.2026 | 144.0 | 2 650 000 |
Dubai Land Department transaction registry, updated 2026-08-11. Explore Dubai property transactions →
About the project
Damac Lagoons – Nice 2 is an active villa development in Damac Lagoons, Dubai, developed by Island Oasis Properties. The project started on 28 February 2022 and was reported 72.74% complete at its 29 April 2026 inspection. It forms part of the wider Mediterranean-inspired Damac Lagoons community.
The project
Damac Lagoons – Nice 2 is planned as a villa project with G+1 and G+2 home configurations. The construction specification describes concrete structures and blockwork, with internal and external finishes. The project has 434 total units and a recorded total area of 71,172.86. Its active status and progress record place it within an ongoing phase of development in Damac Lagoons. The project start date is 28 February 2022, while the project record carries 29 July 2025 as its completion date.
Villa configuration and construction
The villa component of Damac Lagoons – Nice 2 comprises homes configured over ground-plus-one and ground-plus-two levels. Concrete structural work and block construction form the stated building system, followed by internal and external finishing works. This is a low-rise residential format rather than a multi-storey apartment scheme. The project’s 434-unit count provides the recorded scale for Nice 2, while its total recorded area is 71,172.86. Construction progress was measured at 72.74% during the inspection dated 29 April 2026.
Damac Lagoons setting
Damac Lagoons is a large masterplanned residential community arranged around Mediterranean-inspired themed neighbourhoods. Its wider plan combines villas, townhouses and shared community infrastructure with lagoons and beach areas. The masterplan is described as covering 45 million square feet and converting more than 400 hectares into a multi-cluster residential destination. The themed neighbourhoods include Santorini and Portofino, while Venice is identified as a Fun Hub and Morocco as a Tranquility Hub. Nice 2 is located within this broader Damac Lagoons setting.
Location and nearby destinations
Damac Lagoons is located in Dubai, in Al Hebiah Fifth. 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 away. Al Maktoum International Airport is 15.3 km from Damac Lagoons, and Burj Khalifa and Downtown Dubai are 20.4 km away. The Dubai Mall is 20.6 km away, while Dubai International Airport is 29.4 km away.
Construction status and dates
Damac Lagoons – Nice 2 has active project status. Its recorded start date is 28 February 2022, and its recorded completion date is 29 July 2025. The latest stated completion ratio is 72.74%, based on an inspection dated 29 April 2026. The project information was updated on 5 June 2026. These project-level milestones distinguish Nice 2 from the wider Damac Lagoons masterplan, where construction and infrastructure works extend across multiple themed clusters.
Developer and wider community
Island Oasis Properties is the developer of Damac Lagoons – Nice 2. The project is situated within Damac Lagoons, a masterplanned community by Damac Properties on the former Dubai Golf City site. The wider community includes a network of themed residential clusters structured around local hubs, lagoons and beach-style areas. Its overall residential mix includes villas and townhouses. Within the broader community, handovers have begun at the Santorini cluster, with initial homes delivered to owners. Nice 2 remains separately identified as an active project with its own progress record and unit count.
Registered transactions in Damac Lagoons – Nice 2
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 — +34% on the price per square metre in this building. The district moved +34% 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.
