AED 2,600,000Off-plan
DAMAC Lagoons and Remraam Market Report: Q3 2026
In Q3 2026, the median apartment price in DAMAC Lagoons and Remraam was AED 1,695 per sq ft, across 975 residential sales transactions worth AED 1.87 billion, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 975
- Residential sales transactions −21.7%
- AED1.87 billion
- Sales value Broadly unchanged
- AED1,695
- Apartments, median price per sq ft −9.1%
- AED2.6 million
- Villas and townhouses, median price +2.7%
- 67%
- Off-plan share of sales 657 off-plan sales
- 444
- New lease registrations (Ejari) +138.7%
- AED145,000
- Villa rent, median a year −3.3%
- 5.4%
- Gross rental yield, villas
Apartments, median price per sq ft
Lighter bars: fewer than 30 sales
Villas and townhouses, median price
Villa and townhouse rent, median a year
Lighter bars: fewer than 30 leases
Apartment sales
Off-planReadyTotal sales
Villa and townhouse sales
Off-planReadyTotal sales
Villa and townhouse lease registrations
NewRenewedTotal lease registrations
Homes in DAMAC Lagoons and Remraam
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FAQ
How many residential sales transactions were recorded in DAMAC Lagoons in Q3 2026?
Residential sales transactions in DAMAC Lagoons totalled 975 in Q3 2026, worth AED 1.87 billion. Sales declined 21.7% quarter-on-quarter. Off-plan sales accounted for 67% of the total and owner resales 7%.
What is the price per sq ft in DAMAC Lagoons?
The median apartment price in DAMAC Lagoons was AED 1,695 per sq ft in Q3 2026, across 558 sales; it declined 9.1% quarter-on-quarter, and was 0% above the Dubai median. The median villa and townhouse price was AED 2.6 million, across 417 sales; it rose 2.7% quarter-on-quarter.
Are property prices in DAMAC Lagoons going up or down?
The median apartment price in DAMAC Lagoons declined 7.4% between Q1 2026 and Q3 2026, from AED 1,830 to AED 1,695 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 557 | AED 1.33 billion | AED 1,830 | AED 2.9 million | 84 | – | – |
| Q2 2026 | 1,245 | AED 1.87 billion | AED 1,866 | AED 2.5 million | 186 | – | – |
| Q3 2026 | 975 | AED 1.87 billion | AED 1,695 | AED 2.6 million | 444 | – | – |
How much does a home in DAMAC Lagoons cost by number of bedrooms?
In DAMAC Lagoons in Q3 2026, median prices were AED 728,735 for a studio apartment (240 sales); AED 1.3 million for a 1-bedroom apartment (219 sales); AED 1.7 million for a 3-bedroom villa or townhouse (86 sales); AED 2.5 million for a 5-bedroom villa or townhouse (9 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| Studio | 240 | AED 728,735 | AED 1,861 |
| 1-bed | 219 | AED 1.3 million | AED 1,618 |
| 2-bed | 99 | AED 1.7 million | AED 1,487 |
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| 3-bed | 86 | AED 1.7 million | 52 | AED 135,000 | – |
| ⚠4-bed | 4 | AED 2.5 million | 276 | AED 144,099 | – |
| ⚠5-bed | 9 | AED 2.5 million | 107 | AED 190,000 | – |
| ⚠6-bed | 0 | – | 9 | AED 390,000 | – |
What is the average rent in DAMAC Lagoons?
New villa and townhouse lease registrations had a median rental rate of AED 145,000 a year, across 444 registrations. 444 new leases and 0 renewals were registered with Ejari.
What is the rental yield in DAMAC Lagoons?
The gross rental yield on ready villas and townhouses in DAMAC Lagoons was 5.4% in Q3 2026, comparing median new rents with median ready sale prices.
How much does property in DAMAC Lagoons cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in DAMAC Lagoons in Q3 2026, the median apartment price of AED 1,695 per sq ft is approximately $462 per sq ft; the median villa and townhouse price of AED 2.6 million is approximately $707,965.
How many prime sales were recorded in DAMAC Lagoons?
8 prime sales (AED 10 million and above) were recorded in DAMAC Lagoons in Q3 2026, worth AED 92.7 million and accounting for 0.8% of sales. Villas and townhouses accounted for 8 of them and off-plan sales for 0.
How does DAMAC Lagoons compare with Dubai?
The median apartment price in DAMAC Lagoons was 0% above the Dubai median in Q3 2026, at AED 1,695 per sq ft compared with AED 1,692.
| Measure | DAMAC Lagoons | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 1,695 | AED 1,692 |
| Villas and townhouses, median | AED 2.6 million | AED 3.7 million |
| Villa rent, median a year | AED 145,000 | AED 180,000 |
| Gross yield, villas | 5.4% | 4.4% |
| Off-plan share of sales | 67% | 69% |
Which buildings in DAMAC Lagoons recorded the most sales?
Valencia by DAMAC recorded the most sales of any building in DAMAC Lagoons in Q3 2026, with 358 sales worth AED 428 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| ValenciaDAMAC LAGOONS | DAMAC | 358 | AED 428 million | 100% | AED 1,637 |
| Lagoon Views 13DAMAC LAGOONS | DAMAC | 187 | AED 177 million | 100% | AED 1,820 |
| Reportage HillsAl Hebiah Fifth | Reportage | 99 | AED 200 million | 100% | – |
| Malta (1)DAMAC LAGOONS | DAMAC | 45 | AED 128 million | 0% | – |
| PortofinoDAMAC LAGOONS | DAMAC | 43 | AED 152 million | 0% | – |
| Costa Brava (1)DAMAC LAGOONS | DAMAC | 43 | AED 144 million | 0% | – |
| Malta (2)DAMAC LAGOONS | DAMAC | 24 | AED 75.2 million | 0% | – |
| Costa Brava (2)DAMAC LAGOONS | DAMAC | 24 | AED 73.7 million | 0% | – |
| Nice 1DAMAC LAGOONS | DAMAC | 23 | AED 65.0 million | 0% | – |
| IbizaDAMAC LAGOONS | DAMAC | 21 | AED 53.3 million | 0% | – |
Which developers recorded the most off-plan sales in DAMAC Lagoons?
DAMAC recorded the most off-plan sales in DAMAC Lagoons in Q3 2026, with 558 sales worth AED 624 million, accounting for 85% of off-plan sales. It was followed by Reportage (99).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| DAMAC | 558 | AED 624 million | 85% |
| Reportage | 99 | AED 200 million | 15% |
What do the figures mean?
- Median price
- The middle sale price once all sales are ranked: half of sales were above it and half below. Used instead of the average so a few very large sales don't distort the figure.
- Price per sq ft
- Sale price divided by the registered area in square feet, then the median across sales. Reported for apartments; villa records often carry the plot size, so villas are reported per home.
- Off-plan and ready
- Off-plan sales are homes sold before completion; ready sales are completed homes, including owner resales and developers' completed stock.
- Sub-community and building
- Where DLD records a home: a sub-community for villas and townhouses (for example Raya in Arabian Ranches 3), a building for apartments, or the project name for off-plan homes.
- Ejari
- Dubai's official lease registration system. Rents here are new Ejari leases registered in the period; renewals are counted separately.
- Gross rental yield
- Median new annual rent divided by the median ready sale price, before costs. Shown only between 3% and 12%; outside that range the pairing reflects data errors rather than a yield.
- DLD area and community
- The Dubai Land Department records sales and leases by official area, which can differ from the name people use. Each report names the DLD areas it covers.
- ⚠ Small sample
- A figure based on fewer than 30 sales or leases. It is shown, but can move a lot from period to period.
How should this report be cited?
Richmond Properties (2026). DAMAC Lagoons and Remraam Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/damac-lagoons-remraam/2026-q3. Licensed CC BY 4.0.
In copy: “according to Richmond Properties’ analysis of Dubai Land Department data”.
Figures are Dubai Land Department open data for Q3 2026 (July to September), compared with Q2 2026. Sales are counted by transaction date and cover homes only: apartments, hotel apartments, villas and townhouses (including villa plots). Offices, shops, hotel rooms, development land and labour accommodation are excluded. Rents are new Ejari leases; leases are assigned to a community through their building or sub-community where DLD files them under a different district. 2 transactions identified as recording errors are excluded. Figures and text are generated from Dubai Land Department data by Richmond Properties’ reporting system. Data as of 2 November 2026. This report is for general information and is not financial or investment advice.