Santorini 1

P1 — Delivered Off-Plan Primary
Developer Damac Properties
Community Damac Lagoons
Property type Villa
Data updated Apr 01, 2026

Santorini 1 is a Delivered development by Damac Properties in Damac Lagoons. 459 units across 4 Bedroom (48%), 5 Bedroom (38%), 3 Bedroom (15%). Over the trailing 12 months, 782 sales at a median of AED 3,050,000.

Key Metrics
Median Price
Value
AED 3,050,000
Change
21.8% YoY
Transactions
Value
782
Change
141 in period
Price / sqft
Value
AED 1,290
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 3,050,000
↑ 21.8% YoY
Transactions
782
↑ 141 in period
Price / sqft
AED 1,290
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
14.9%
Holding Period
Value
2.2 yrs
Liquidity
Value
21.4%
Price Dispersion
Value
6.6%
Ready Market Mix
Value
0.0%
Rental Activity
Value
16.8%
Capital Return
14.9%
Holding Period
2.2 yrs
Liquidity
21.4%
Price Dispersion
6.6%
Ready Market Mix
0.0%
Rental Activity
16.8%

Rental Performance

Rental Volume
Value
172
Avg Annual Rent
Value
AED 193,897
New Leases
Value
100.0%
Renewals
Value
0.0%
Rental Volume
172
Avg Annual Rent
AED 193,897
New Leases
100.0%
Renewals
0.0%

Unit Mix

By bedroom type
3 Bedroom 67 units · 15%
4 Bedroom 218 units · 48%
5 Bedroom 174 units · 38%

Transaction Breakdown

All time — 782 transactions
Off-Plan Primary
459
Off-Plan Secondary
225
Ready Secondary
98

Price History

Median Price — Santorini 1

Median prices in Santorini 1 have trended upward, rising 13% to AED 3.0M over the past 13 months.

Recent Transactions

Showing last 10 of 782
Date Type Price (AED) Size (sqft) AED/sqft
Apr 01, 2026 RP Secondary 3,050,000 2,227 1,369
Mar 31, 2026 RP Secondary 3,900,000 3,101 1,257
Mar 30, 2026 RP Secondary 3,200,000 2,227 1,436
Mar 25, 2026 RP Secondary 3,000,000 2,227 1,346
Mar 23, 2026 RP Secondary 4,350,000 3,101 1,402
Mar 06, 2026 RP Secondary 3,300,000 2,227 1,481
Mar 04, 2026 RP Secondary 3,000,000 2,227 1,346
Feb 28, 2026 RP Secondary 4,000,000 3,101 1,289
Feb 27, 2026 RP Secondary 3,350,000 2,846 1,177
Feb 26, 2026 RP Secondary 4,150,000 3,101 1,338

This project is in Damac Lagoons

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