Santorini Phase 3 Damac Lagoons

Santorini Phase 3 at DAMAC Lagoons presents a strong investment case due to its freehold status, limited supply of approximately 96 units, and prime location within a master-planned waterfront community. The project offers 3 to 5-bedroom townhouses and 6-bedroom villas with Mediterranean-inspired architecture, private gardens, terraces, and floor-to-ceiling windows, which support long-term rental demand and resale value. Proximity to Sheikh Zayed Bin Hamdan Al Nahyan Street (D54), integrated pathways, cycling tracks, landscaped surroundings, and high-end community planning further enhance capital appreciation potential and end-user appeal.

The owner of Santorini Phase 3 at DAMAC Lagoons is DAMAC Properties, the master developer of the entire DAMAC Lagoons community. DAMAC oversees land ownership, development, construction, and long-term project planning, ensuring consistency in design, infrastructure, and community standards across all Santorini phases.

Santorini Phase 3 at DAMAC Lagoons has a scheduled delivery date of July 2025 This completion timeline aligns with DAMAC’s construction schedule and marks the official handover period for homeowners and investors.

Payment Plan – Santorini Phase 3, DAMAC Lagoons

The payment plan for Santorini Phase 3 at DAMAC Lagoons is structured as follows:

• 5% Down Payment – payable immediately upon booking.
• 61% During Construction – paid in three fixed installments during the construction period.
• 4% On Handover – payable upon completion and handover of the property.
• 30% After Handover – paid in two scheduled installments after handover.

This structured plan allows buyers to spread payments from booking through post-handover, reducing upfront financial pressure while aligning payments with construction progress.