About DAMAC Lagoons - Lagoon Views 5
DAMAC Lagoons - Lagoon Views 5 is a residential building by Island Oasis Properties, in Remraam, Dubai. It rises 7 storeys (a ground floor, 6 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 48 homes.
Key information
Developer
Island Oasis Properties
- Expected handover
- TBC
- Status
- Under construction
- Location
- Remraam, Dubai
- Construction started
- 2024
- Number of buildings
- 1
- Number of units
- 48
- Registered with DLD
- 28 Feb 2024
- Escrow bank
- Abu Dhabi Islamic Bank
- Escrow account no.
- 29013333
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2024
- Under construction42% complete
- Expected handoverTBC
Construction progress
31 inspection photos from the Dubai Land Department. Latest 17 Jul 2026 at 42% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Covered Parking
3 Elevators
7 Floors
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
50
Median price
AED 1.3M
Median price / sqft
AED 2K-17%
Off-plan share
100%
Priced 48% above than the Al Hebiah Fifth median of AED 1K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| 1 Bed | 38 | 756 sqft | AED 1.3M | AED 2K |
| 2 Bed | 12 | 1,107 sqft | AED 2.0M | AED 2K |
Price per sqft by year
-17% since 2024AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 11 Feb 2026 | Off-plan | 769 sqft | AED 1.2M | AED 2K |
| 22 Jan 2026 | Off-plan | 791 sqft | AED 1.0M | AED 1K |
| 05 Dec 2024 | Off-plan | 1,136 sqft | AED 2.1M | AED 2K |
| 14 Oct 2024 | Off-plan | 795 sqft | AED 1.3M | AED 2K |
| 22 May 2024 | Off-plan | 692 sqft | AED 1.1M | AED 2K |
| 21 May 2024 | Off-plan | 666 sqft | AED 1.2M | AED 2K |
| 21 May 2024 | Off-plan | 782 sqft | AED 1.4M | AED 2K |
| 13 May 2024 | Off-plan | 782 sqft | AED 1.3M | AED 2K |
Unit mix
48 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| 1 B/R | 36 | 666 - 798 sqft |
| 2 B/R | 12 | 1,007 - 1,136 sqft |
Payment plan
Payment plans are set by Island Oasis and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Remraam, Dubai.
Remraam
Dubai, United Arab Emirates
Frequently asked questions
DAMAC Lagoons - Lagoon Views 5 has a planned handover of a date not yet on the register, and the latest DLD inspection puts construction at 42% complete.
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