Urgent Sale | 2.8% Below OP | 4 BR Townhouse in Mykonos

Overview of the deal

This is a resale of a 4-bedroom townhouse in Mykonos, part of Damac Lagoons in Dubai. The developer is Damac, the project is under construction, and handover is scheduled for March 2027. The owner wants to sell within a shorter timeframe and asks AED 2,500,000.

The buyer takes over the seller's position with the developer, including the instalments still to come. Every figure here comes from the owner and should be verified at enquiry, as terms can change and a unit can be sold before the page is updated.

The unit

The home is a G+1 townhouse with four bedrooms. No specific view is listed, so the case rests on space and plot.

• Type: townhouse, 4 bedrooms

• Built-up area: 2,282 sq ft

• Plot: 1,548 sq ft

• Floors: G+1

• Balcony: yes

• Parking: yes

• Scheduled handover: March 2027

For a family comparing each townhouse for sale Dubai developers are still building, four bedrooms over two levels on a private plot are the points to weigh.

The building and community

Damac Lagoons is a master community by Damac, and the owner describes Mykonos as offering Mediterranean-inspired community living. No amenities list was supplied, so ask us for the developer's brochure and the latest construction update.

Damac has been building in Dubai since 2002, and buyers who follow Damac projects will know its large master communities. Resales of unfinished homes are a common route into Dubai real estate.

Price, discount and payment position

The owner sets out the discount this way: the original price plus the 4% DLD fee comes to AED 2,571,960, the selling price is AED 2,500,000, and the difference is AED 71,960 (2.8%). That is the owner's figure on the owner's basis, not a valuation.

Payments listed for transfer day:

• Payment to the seller: AED 1,932,210

• DLD transfer fee (4% of the original price plus AED 40): AED 98,962

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% plus VAT): AED 52,500

The total on transfer is stated as AED 2,088,922. The remaining payment plan, stated as AED 567,790 in total, is tied to construction milestones:

• At 80% construction: AED 49,460

• At 90% construction: AED 23,730

• On handover: AED 494,600

The owner puts the total cost for the buyer at AED 2,656,712. Ask the seller for the current construction percentage, since the 80% and 90% instalments depend on it.

Why this deal and for whom

The unit suits a family that needs four bedrooms, prefers a townhouse to an apartment, and can fund most of the cost at transfer. After that the balance is short: two small construction instalments and one handover payment, a payment plan Dubai buyers can budget for easily.

It may also interest a buyer weighing Dubai property investment, but nothing here is a valuation, a promise of return or financial advice. Compare it with other off-plan properties Dubai sellers are offering in the same community.

What happens next

As a real estate agency Dubai buyers use for resales, Mahboob Estate takes you through each step:

• Confirm the unit is still available at this price

• Check the seller's payment record with Damac

• Sign the sale agreement and obtain the developer's no-objection certificate

• Complete the transfer at the trustee office

• Pay the remaining instalments until handover

If you plan to buy property in Dubai through a resale, keep the original sale agreement and every payment receipt, and compare the deal with ready properties for sale in Dubai of a similar size.

FAQ

Is the 2.8% discount guaranteed?

No. It is the owner's figure against an original price plus 4% DLD of AED 2,571,960. Verify it at enquiry.

How much is due at transfer?

The owner states AED 2,088,922, covering the seller, the DLD transfer fee, the trustee office fee and the agency commission.

When is handover?

March 2027 is the scheduled date. Ask us for the latest construction update, as developer dates can move.