Damac Lagoons – Valencia is a residential project by Damac Properties in Damac Lagoons, Dubai, with handover 28.02.2028, construction 5.2% complete per the DLD registry.
Construction progress
- Handover28.02.2028
- Status date20.05.2026
- DLD project number3226
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 |
|---|---|---|---|
| 07.08.2026 | 2 BR | 107.7 | 1 709 760 |
| 07.08.2026 | Studio | 37.3 | 751 680 |
| 07.08.2026 | Studio | 35.2 | 711 000 |
| 07.08.2026 | Studio | 35.4 | 656 100 |
| 07.08.2026 | Studio | 37.2 | 688 080 |
| 07.08.2026 | 1 BR | 75.0 | 1 356 000 |
| 07.08.2026 | 2 BR | 107.7 | 1 720 320 |
| 07.08.2026 | 2 BR | 109.1 | 1 719 360 |
| 07.08.2026 | 2 BR | 108.8 | 1 727 040 |
| 07.08.2026 | 2 BR | 107.7 | 1 720 320 |
| 07.08.2026 | 1 BR | 66.7 | 1 217 000 |
| 07.08.2026 | 2 BR | 121.0 | 2 011 000 |
| 07.08.2026 | 1 BR | 67.8 | 1 146 650 |
| 07.08.2026 | 1 BR | 65.1 | 1 188 000 |
| 07.08.2026 | 2 BR | 108.3 | 1 743 700 |
| 06.08.2026 | 2 BR | 109.1 | 1 703 040 |
| 06.08.2026 | 2 BR | 108.8 | 1 727 040 |
| 06.08.2026 | 1 BR | 72.8 | 1 302 000 |
| 06.08.2026 | 2 BR | 109.3 | 1 728 960 |
| 05.08.2026 | 1 BR | 75.0 | 1 273 725 |
Dubai Land Department transaction registry, updated 2026-08-11. Explore Dubai property transactions →
About the project
Damac Lagoons – Valencia is a two-tower residential development by Island Oasis Properties in Damac Lagoons, within Al Hebiah Fifth, Dubai. Construction began on 5 November 2024. The project is active, with a recorded completion ratio of 5.21% and a scheduled completion date of 28 February 2028.
The project and its structure
Damac Lagoons – Valencia comprises two residential towers. One tower is configured as ground level, one podium level, 13 floors and a roof level, while the second has ground level, one podium level, 10 floors and a roof level. The buildings are designed with a concrete structure and blockwork, including internal and external finishes. The project has a recorded total area of 92,399.36. Its project number is 3226, and the development is located in the Al Hebiah Fifth area within the wider Damac Lagoons community.
Development scale and current progress
The project is recorded as active. Its completion ratio was 5.21% following an inspection dated 20 May 2026, and the project information was updated on 12 June 2026. Construction commenced on 5 November 2024, with completion scheduled for 28 February 2028. The project data records 1,558 total units. Damac Lagoons – Valencia is one development within a wider masterplanned community that contains themed residential clusters arranged around lagoons, beaches and shared infrastructure.
Damac Lagoons masterplan context
Damac Lagoons is a Mediterranean-inspired masterplanned residential community by Damac Properties on the former Dubai Golf City site. The masterplan is organised into themed communities, including Santorini, Portofino, Venice and Morocco. Venice is described as a Fun Hub and Morocco as a Tranquility Hub. The broader community combines villas, townhouses and shared infrastructure around a network of lagoons and beaches. The masterplan covers 45 million square feet and involves the conversion of more than 400 hectares into residential clusters and associated infrastructure.
Community features and themed clusters
The wider Damac Lagoons community is planned around white sandy beaches, lagoons and Mediterranean-themed neighbourhoods. Each neighbourhood is structured around a local hub that defines its amenity and leisure focus. Santorini and Portofino are among the named themed communities within the masterplan. Construction and handovers are progressing across the wider destination: handovers have begun at the Santorini cluster, where the first homes have been delivered to owners. Valencia forms part of this multi-cluster setting rather than a standalone neighbourhood.
Nearby Dubai destinations
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. Burj Khalifa and Downtown Dubai 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 the project within a masterplanned residential destination connected to major leisure, retail and airport locations across Dubai.
Construction programme and handover
The construction programme for Damac Lagoons – Valencia began on 5 November 2024 and is scheduled to conclude on 28 February 2028. As of the latest project update, the development had reached a 5.21% completion ratio and remained active. The stated completion date applies to the Valencia project itself. Within the wider Damac Lagoons masterplan, infrastructure and cluster packages are being delivered in phases, with construction activity and completed handovers already recorded in other parts of the community.
The developer
Island Oasis Properties is the developer of Damac Lagoons – Valencia. The company is responsible for the two-tower residential project identified under project number 3226. The development sits within Damac Lagoons, a wider masterplanned community by Damac Properties. This places the Valencia project within a large multi-cluster destination while retaining Island Oasis Properties as the developer named for the project.
Registered transactions in Damac Lagoons – Valencia
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.
What buyers actually paid
| Type | Size, m² | Price, AED | Per m² | Deals |
|---|---|---|---|---|
| Studio | 35 | 734 000 | 20 971 | 636 |
| 1 bedroom | 70 | 1 257 000 | 17 957 | 339 |
| 2 bedrooms | 108 | 1 834 000 | 16 981 | 78 |
Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.
Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.
