Santorini 2

P1 — Delivered Off-Plan Primary
Developer Damac Properties
Community Damac Lagoons
Property type Villa
Data updated Mar 23, 2026

Santorini 2 is a Delivered development by Damac Properties in Damac Lagoons. 388 units across 5 Bedroom (50%), 4 Bedroom (38%), 3 Bedroom (12%). Over the trailing 12 months, 615 sales at a median of AED 3,250,000.

Key Metrics
Median Price
Value
AED 3,250,000
Change
35.4% YoY
Transactions
Value
615
Change
76 in period
Price / sqft
Value
AED 1,262
Handover Status
Value
P1
Change
Delivered — ready sale recorded
Median Price
AED 3,250,000
↑ 35.4% YoY
Transactions
615
↑ 76 in period
Price / sqft
AED 1,262
Handover
P1
Delivered
Investment Analytics
Capital Return
Value
13.3%
Holding Period
Value
2.1 yrs
Liquidity
Value
2.8%
Price Dispersion
Value
5.8%
Ready Market Mix
Value
0.0%
Rental Activity
Value
2.8%
Capital Return
13.3%
Holding Period
2.1 yrs
Liquidity
2.8%
Price Dispersion
5.8%
Ready Market Mix
0.0%
Rental Activity
2.8%

Rental Performance

Rental Volume
Value
21
Avg Annual Rent
Value
AED 163,370
New Leases
Value
100.0%
Renewals
Value
0.0%
Rental Volume
21
Avg Annual Rent
AED 163,370
New Leases
100.0%
Renewals
0.0%

Unit Mix

By bedroom type
3 Bedroom 45 units · 12%
4 Bedroom 149 units · 38%
5 Bedroom 194 units · 50%

Transaction Breakdown

All time — 615 transactions
Off-Plan Primary
388
Off-Plan Secondary
216
Ready Secondary
11

Price History

Median Price — Santorini 2

Median prices in Santorini 2 have remained broadly stable over the past 12 months, hovering around AED 3.2M.

Recent Transactions

Showing last 10 of 615
Date Type Price (AED) Size (sqft) AED/sqft
Mar 23, 2026 RP Secondary 3,700,000 2,846 1,300
Mar 18, 2026 RP Secondary 2,850,000 2,017 1,412
Mar 17, 2026 RP Secondary 2,950,000 2,227 1,324
Mar 16, 2026 RP Secondary 3,400,000 2,846 1,194
Mar 12, 2026 RP Secondary 3,550,000 2,846 1,247
Mar 12, 2026 RP Secondary 3,075,000 2,227 1,380
Mar 10, 2026 RP Secondary 4,400,000 3,101 1,418
Mar 06, 2026 RP Secondary 2,810,000 2,017 1,392
Feb 21, 2026 RP Secondary 3,970,000 3,101 1,280
Feb 20, 2026 RP Secondary 3,187,500 2,227 1,431

This project is in Damac Lagoons

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