Overview

Property Description

In the Mediterranean-inspired DAMAC Lagoons community by DAMAC Properties, Mykonos is one of the final clusters of townhouses. Each townhouse is estimated to have a BUA of 2,282 square feet or 3,300 square feet, whereas the plot size is approximately 1,550 square feet or 2,340 square feet. There are a number of key features in the layouts, including a garden, a laundry/storage room, a covered parking area, a terrace, a balcony or two, and a powder room. EOIs for 4-bedroom properties in Mykonos start at AED 2.45M (USD 667K) as of April 2023. *Prices are valid for 2023 only All the exciting amenities that DAMAC Lagoons has to offer are available to residents of Mykonos, including alcohol-licensed bars, entertainment venues, a Tapas Lounge, a floating cinema, a floating amphitheater, and an Aqua Wall. The Golden Visa is a 10-year residency option for owners of townhouses on Mykonos, with a minimum investment of AED 2M (USD 545K). This residency covers your family and unlimited domestic staff. Additionally, Golden Visa holders receive an Esaad card, which offers savings on everything from theme parks to flights to school fees. Aside from the UAE, Esaad cards are valid across 7,000+ brands in 92 countries worldwide. If you are willing to rent out your property upon completion, you can calculate an estimated profit based on the indicators of the adjacent community by DAMAC Properties, called DAMAC Hills. AED 205K (USD 56K) is the average monthly rental rate for 4-bedroom townhouses in April 2023, with an 8.1% gross yield, according to Property Finder.. In light of this data, you can safely assume that you will be able to earn lucrative rental income, which will only increase once the infrastructure in DAMAC Lagoons is complete.

Features & Amenities

Location