Ibiza
Ibiza Offered by Buy Dubai Off-Plan
Ibiza

Ibiza

by DAMAC in DAMAC Lagoons View on map Completed

Starting price
AED 1,900,000
Payment plan
60/40
Handover
Q2 2026

โ‰ˆ โ‚ฌ 456,000

This project was completed in Q2 2026. The price shown is the original launch price. Availability is through the resale market. Contact us to ask what is currently for sale.

Project details

Starting price AED 1,900,000 โ‰ˆ โ‚ฌ 456,000 What will my monthly payments be?
Payment plan 60/40 60% during construction, 40% at handover
Handover Q2 2026 Completed
Bedrooms 45
Property type
Townhouse
Floor area
211 to 316 mยฒ
Developer
DAMAC
Location
DAMAC Lagoons
Project brochure
Free, with no obligation

The Ibiza brochure

Download the brochure for Ibiza van Damac Properties in DAMAC Lagoons for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Ibiza

  • New premium cluster in DAMAC Lagoons with a unique Spanish theme

  • Spacious townhouses with 4 or 5 bedrooms, ranging from 211.17 to 315.59 mยฒ

  • Extensive water facilities, including lagoons, beaches and waterside cafรฉs

  • Flexible payment plan: 60% during construction and 40% upon completion

  • Ideal location with quick access to golf courses, schools and shopping centres

Ibiza at DAMAC Lagoons: Luxury townhouses by Damac Properties

Ibiza in DAMAC Lagoons is an exclusive residential project developed by Damac Properties, inspired by the vibrant atmosphere of the Spanish island of Ibiza. This project offers a unique blend of luxury, relaxation and adventure, surrounded by beautiful water features and sandy beaches. The townhouses, available in 4- and 5-bedroom configurations, are designed for families seeking a Mediterranean lifestyle in Dubai. The project is known for its extensive amenities, including waterside cafรฉs, gondola rides and waterfront retail concepts. In addition, residents enjoy a wide range of activities, such as foam parties, music festivals and lounges with a Boho and Tapas theme. Completion is scheduled for the second quarter of 2026, making this an excellent opportunity for investors looking for a future holiday home or permanent residence in Dubai. The location borders the prestigious Damac Hills, offering additional benefits such as golf courses and other exclusive facilities.

Townhouse types and layouts at Ibiza DAMAC Lagoons

The Ibiza project offers exclusively townhouses, available in two different layouts: with 4 or 5 bedrooms. The areas range from 211.17 mยฒ to 315.59 mยฒ, providing spacious living solutions for families of various sizes. The homes are designed with an open concept, where large windows and terraces ensure an optimal connection between indoor and outdoor spaces. The modern architecture is inspired by Spanish style, with light colours, natural materials and subtle details that reference the Mediterranean coast. Each townhouse has its own parking space, a private garden and in some cases even direct access to the water facilities. The layout is practical, with spacious living areas, modern kitchens and bathrooms with high-quality finishes. This makes Ibiza an ideal choice for those looking for a luxury home in a vibrant, water-rich environment.

About the developer Damac Properties and the Ibiza design

Damac Properties, the developer behind Ibiza, is one of the most renowned real estate companies in Dubai, known for its innovative projects and high-quality finishes. The company has built a strong reputation with iconic developments such as DAMAC Hills and Aykon City. Ibiza is part of the larger DAMAC Lagoons project, which consists of several clusters, each with its own theme. The Spanish theme of Ibiza is reflected in the architecture, landscape design and communal facilities. The building is designed so that residents can optimally enjoy outdoor living, with wide promenades, water features and recreation areas. The quality of the materials and the attention to detail ensure a durable and stylish appearance. Damac Properties also offers extensive guarantees and maintenance services, ensuring investors of a carefree ownership experience.

Prime location in DAMAC Lagoons near key Dubai destinations

Ibiza is located in the heart of DAMAC Lagoons, a vibrant community that is perfect for families and investors. The location offers excellent connections to key points in Dubai, such as City Centre Meaisem (14 minutesโ€™ drive), Dubai Autodrome (12 minutes) and Dubai Polo & Equestrian Club (10 minutes). For families, the proximity of Jebel Ali School (just 5 minutesโ€™ drive) is a major advantage. The area is known for its quiet, green spaces and water features, making it an oasis of calm in the busy city. At the same time, there are numerous recreational opportunities, from golfing to shopping at Mall of the Emirates (24 minutesโ€™ drive). The area is under continuous development, which means that property values here are expected to rise. Whether you are looking for a permanent home or a holiday home, the location of Ibiza offers the best of both worlds: tranquillity and accessibility.

Flexible payment plan for Ibiza townhouses

The payment plan for Ibiza is specifically designed to offer investors and buyers flexibility. The plan provides for a payment of 60% during the construction phase, spread over several instalments, and the remaining 40% upon final completion in Q2 2026. This makes it possible to spread the financial burden and pay for the property in phases. For investors, we can provide support throughout the entire process, from reservation to handover. The project is currently still in the sales phase, which means attractive early-bird terms are available. Please do not hesitate to contact us for a detailed explanation of the payment plan and any applicable promotions. We are happy to assist you in finding the best investment opportunity in this unique project.

Amenities

Payment plan for Ibiza

60%40%
60%
During construction, in instalments
AED 1,140,000
โ‰ˆ โ‚ฌ 274,000
40%
After handover
AED 760,000
โ‰ˆ โ‚ฌ 182,000

Monthly payments and your own funds

How much do you need for Ibiza, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 3,846

โ‰ˆ โ‚ฌ 920 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 1,140,000โ‰ˆ โ‚ฌ 273,600
Your funds at handover
AED 0โ‰ˆ โ‚ฌ 0
Mortgage at handover
AED 760,000โ‰ˆ โ‚ฌ 182,400
Purchase costs4% DLD fee and mortgage costs
AED 86,370โ‰ˆ โ‚ฌ 20,700
Total funds required
AED 1,226,370โ‰ˆ โ‚ฌ 294,300
Request finance guidance for Ibiza
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Ibiza

Location

DAMAC Lagoons, Dubai City Centre Meaisem: 14 minutes (car) ยท Dubai Autodrome: 12 minutes (car)
Open in Google Maps

Travel times from Ibiza

  • City Centre Meaisem: 14 minutes (car)
  • Dubai Autodrome: 12 minutes (car)
  • Dubai International Stadium: 14 minutes (car)
  • Dubai Miracle Garden: 13 minutes (car)
  • Dubai Polo & Equestrian Club: 10 minutes (car)
  • Jebel Ali School: 05 minutes (car)
  • Mall of the Emirates: 24 minutes (car)

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.