About DAMAC Lagoons - Portofino
Project consists of 877 Nos. of G+1 and G+2 Villas located in Al Hebiah Fifth, Dubai. The villas are designed to have a concrete structure and block with internal and external finishes.
Key information
Developer
Island Oasis Properties
- Handover
- Q2 2025
- Status
- Handed over
- Location
- Remraam, Dubai
- Master project
- DAMAC Lagoons
- Construction started
- 2022
- Number of buildings
- —
- Number of units
- 867
- Registered with DLD
- 31 Jan 2022
- Escrow bank
- Emirates NBD
- Escrow account no.
- 0205789887416
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2022
- Handed overQ2 2025
Construction progress
82 inspection photos from the Dubai Land Department. Latest 16 Jul 2026 at 97% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Covered Parking
3 Floors
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
1,330
Median price
AED 1.9M
Median price / sqft
AED 1K+43%
Off-plan share
0%
Priced 1% above than the Al Hebiah Fifth median of AED 1K/sqft.
Price per sqft by year
+43% since 2022AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 10 Sept 2026 | Resale | 1,550 sqft | AED 2.6M | AED 2K |
| 10 Sept 2026 | Resale | 1,636 sqft | AED 2.4M | AED 1K |
| 09 Sept 2026 | Resale | 1,550 sqft | AED 2.4M | AED 2K |
| 08 Sept 2026 | Resale | 1,550 sqft | AED 2.4M | AED 2K |
| 07 Sept 2026 | Resale | 2,364 sqft | AED 4.0M | AED 2K |
| 04 Sept 2026 | Resale | 1,550 sqft | AED 2.8M | AED 2K |
| 02 Sept 2026 | Resale | 1,550 sqft | AED 2.3M | AED 1K |
| 25 Aug 2026 | Resale | 1,550 sqft | AED 2.8M | AED 2K |
Unit mix
867 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| 3 B/R | 262 | - |
| 4 B/R | 346 | - |
| 5 B/R | 210 | - |
| 7 B/R | 49 | - |
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 - Portofino has already been handed over (Q2 2025), according to Dubai Land Department records.
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