Portofino
Portofino Offered by Buy Dubai Off-Plan
Portofino

Portofino

by DAMAC in DAMAC Lagoons View on map Completed

Starting price
AED 1,569,000
Payment plan
60/40
Handover
Q3 2025

โ‰ˆ โ‚ฌ 377,000

This project was completed in Q3 2025. 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 1,569,000 โ‰ˆ โ‚ฌ 377,000 What will my monthly payments be?
Payment plan 60/40 60% during construction, 40% at handover
Handover Q3 2025 Completed
Bedrooms 3457
Property type
Villa
Developer
DAMAC
Location
DAMAC Lagoons
Project brochure
Free, with no obligation

The Portofino brochure

Download the brochure for Portofino 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 Portofino

  • Italian-inspired villas and townhouses in an exclusive waterside setting

  • Prime location opposite Damac Hills, with excellent connections to major highways

  • Extensive waterside amenities, including recreation, retail, and dining options

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

  • High quality and elegant design by renowned developer Damac Properties

Portofino at DAMAC Lagoons (Dubai): Luxury homes by Damac Properties

Portofino at Damac Lagoons is a new real estate project in Dubai, developed by Damac Properties. This project brings the charm of the Italian Riviera to Dubai, with elegant villas and townhouses in a style reminiscent of classic Italy. It is an exclusive waterside development, surrounded by crystal-clear lagoons and featuring high-quality amenities. The location is ideal, opposite the prestigious Damac Hills community and with excellent connections to major highways such as Mohammed Bin Zayed Road and Emirates Road. Residents can enjoy a luxury lifestyle with waterside activities such as kayaking, sailing, and paddleboarding, as well as an extensive range of shops and restaurants. The project offers a unique combination of tranquillity, recreation, and convenience, making it an ideal choice for those seeking a high-quality home in Dubai.

Home types and layouts at Portofino DAMAC Lagoons (Dubai)

Portofino offers a selection of villas with various bedroom configurations, ranging from 3, 4, 5, to 7 bedrooms. The homes are designed with an Italian theme, focusing on elegance and functionality. Although the exact areas are not specified, the villas are spacious and feature high-quality finishes. The architecture and interiors are inspired by the classic style of Italian coastal towns, with light colours, natural materials, and spacious living areas. Each home offers privacy and comfort, with attention to details such as large windows for natural light and outdoor spaces like terraces or gardens. The combination of style, space, and waterside location makes these homes particularly attractive for families or investors seeking a luxury option in Dubai.

About the developer Damac Properties and the Portofino design

Damac Properties, the developer behind Portofino, is renowned for its high-quality projects in Dubai and beyond. The company has built a strong reputation for innovative designs and reliable construction quality. Portofino is part of the larger Damac Lagoons project, which focuses on a waterside lifestyle with extensive community facilities. The building and its surroundings have been carefully designed to form a harmonious whole, with attention to aesthetics and functionality. The developer not only offers high-quality homes but also a comprehensive package of amenities, including recreation areas, retail, and dining options. With a planned completion in the third quarter of 2025, Portofino is a promising investment for those seeking a luxury home in a well-connected and stylish environment.

Prime location in DAMAC Lagoons (Dubai) near key Dubai destinations

Portofino is located in DAMAC Lagoons, a sought-after location in Dubai with excellent connections to the rest of the city. The neighbourhood offers a perfect balance of tranquillity and accessibility, with major highways such as Mohammed Bin Zayed Road and Emirates Road nearby. In the immediate vicinity, you will find various attractions, including the Dubai Autodrome, Dubai Polo & Equestrian Club, and IMG World of Adventure, all within a 15-minute drive. For daily necessities, there are shops and schools nearby, such as City Centre Meaisem and Jebel Ali School. The location opposite Damac Hills adds extra value, with golf courses and green spaces in the surrounding area. Whether you are looking for entertainment, education, or convenience, Portofino provides an ideal base for a comfortable and luxurious life in Dubai.

Flexible payment plan for Portofino homes

The payment plan for Portofino is attractive and flexible, specifically designed to accommodate investors and buyers. The plan stipulates a payment of 60% during the construction phase, spread across multiple instalments, and the remaining 40% upon the projectโ€™s final completion. This makes it financially feasible to invest in a luxury villa without having to pay the full amount immediately. This offers a structured and transparent payment setup for those looking to invest in Dubaiโ€™s growing real estate market. Our property advisors are available to guide you through the entire process, from the initial payment to the final handover. Please feel free to contact us for more information on the financial options and the benefits of investing in Portofino.

Amenities

Payment plan for Portofino

60%40%
60%
During construction, in instalments
AED 941,400
โ‰ˆ โ‚ฌ 226,000
40%
After handover
AED 627,600
โ‰ˆ โ‚ฌ 151,000

Monthly payments and your own funds

How much do you need for Portofino, 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 3,176

โ‰ˆ โ‚ฌ 760 per month

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

Your funds during constructionin instalments according to the payment plan
AED 941,400โ‰ˆ โ‚ฌ 225,900
Your funds at handover
AED 0โ‰ˆ โ‚ฌ 0
Mortgage at handover
AED 627,600โ‰ˆ โ‚ฌ 150,600
Purchase costs4% DLD fee and mortgage costs
AED 71,475โ‰ˆ โ‚ฌ 17,200
Total funds required
AED 1,012,875โ‰ˆ โ‚ฌ 243,100
Request finance guidance for Portofino
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 Portofino

Location

DAMAC Lagoons, Dubai Al Maktoum International Airport: 28 minutes (car) ยท City Centre Meaisem: 14 minutes (car)
Open in Google Maps

Travel times from Portofino

  • Al Maktoum International Airport: 28 minutes (car)
  • City Centre Meaisem: 14 minutes (car)
  • Dubai Autodrome: 12 minutes (car)
  • Dubai International Stadium: 14 minutes (car)
  • Dubai Polo & Equestrian Club: 10 minutes (car)
  • IMG World of Adventure: 14 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.