Market bulletin · Thu, 22 Oct 2026
Portofino: median AED 1,205/sqft, up 4.6% over three months on 28 sales
Portofino recorded 12 sales worth AED 40.8M in the 30 days to Thu, 22 Oct 2026, up 100.0% on the previous 30 days. Over the last week 2 sales were registered (AED 6.08M), against 2 the week before.
The median sale over the last three months was AED 2.71M, or AED 1,205/sqft — like-for-like prices per sqft up 4.6% on the previous three months. Monthly medians over the past year ranged from AED 1,068/sqft to AED 1,252/sqft.
By market over 12 months: off-plan resales 36.1%, secondary (ready) sales 63.9%.
In Damac Lagoons, Portofino ranked #2 of 11 leading projects by 12-month sales value; it is developed by Damac Properties.
Leases registered in the last three months had a median annual rent of AED 144K. The best gross yield is on 3 BR villas & townhouses at about 5.6%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | AED 1,176 |
| Sept 26 | AED 1,216 |
| Aug 26 | AED 1,221 |
| Jul 26 | AED 1,141 |
| Jun 26 | AED 1,164 |
| May 26 | AED 1,110 |
| Apr 26 | AED 1,252 |
| Mar 26 | AED 1,237 |
| Feb 26 | AED 1,170 |
| Jan 26 | AED 1,209 |
| Dec 25 | AED 1,113 |
| Nov 25 | AED 1,068 |
| Oct 25 | AED 1,148 |
| Sept 25 | AED 1,120 |
| Aug 25 | AED 1,077 |
| Jul 25 | AED 1,060 |
| Jun 25 | AED 1,077 |
| May 25 | AED 1,039 |
| Apr 25 | AED 1,069 |
| Mar 25 | AED 1,033 |
| Feb 25 | AED 999 |
| Jan 25 | AED 967 |
| Dec 24 | AED 955 |
| Nov 24 | AED 1,264 |
Off-plan vs resale vs secondary
Monthly median AED/sqft by market (months with 10+ sales)
View data table
| Date | Off-plan resale | Secondary (ready) |
|---|---|---|
| Oct 26 | — | — |
| Sept 26 | — | AED 1,216 |
| Aug 26 | — | — |
| Jul 26 | — | — |
| Jun 26 | — | AED 1,164 |
| May 26 | — | — |
| Apr 26 | — | — |
| Mar 26 | — | — |
| Feb 26 | — | — |
| Jan 26 | — | — |
| Dec 25 | AED 1,113 | — |
| Nov 25 | — | — |
| Oct 25 | — | — |
| Sept 25 | — | — |
| Aug 25 | — | — |
| Jul 25 | AED 1,060 | — |
| Jun 25 | AED 1,077 | — |
| May 25 | AED 1,039 | — |
| Apr 25 | — | — |
| Mar 25 | AED 1,033 | — |
| Feb 25 | — | — |
| Jan 25 | AED 967 | — |
| Dec 24 | AED 955 | — |
| Nov 24 | AED 1,264 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 7 |
| Sept 26 | 0 | 0 | 11 |
| Aug 26 | 0 | 0 | 9 |
| Jul 26 | 0 | 0 | 9 |
| Jun 26 | 0 | 0 | 11 |
| May 26 | 0 | 0 | 7 |
| Apr 26 | 0 | 0 | 8 |
| Mar 26 | 0 | 5 | 0 |
| Feb 26 | 0 | 6 | 0 |
| Jan 26 | 0 | 8 | 0 |
| Dec 25 | 0 | 10 | 0 |
| Nov 25 | 0 | 6 | 0 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 12 | up 100.0% | AED 40.8M | 1,176 | down 3.8% |
| Last 3 months | 28 | up 7.7% | AED 106M | 1,205 | up 4.9% |
| Last 6 months | 54 | up 25.6% | AED 187M | 1,176 | down 0.5% |
| Last 12 months | 97 | down 29.2% | AED 326M | 1,176 | up 13.8% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan resale | 35 | 36% | AED 2.90M | 1,158 | up 11.5% |
| Secondary (ready) | 62 | 64% | AED 2.71M | 1,176 | up 168.5% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 3 bedrooms | 26 | 27% | AED 2.41M | 1,179 | up 13.3% |
| 4 bedrooms | 37 | 38% | AED 2.67M | 1,192 | up 15.4% |
| 5+ bedrooms | 34 | 35% | AED 3.63M | 1,107 | up 9.7% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 1 | 1% | — | — | — |
| AED 2M–10M | 93 | 96% | AED 2.71M | 1,175 | up 12.9% |
| AED 10M–50M | 3 | 3% | — | — | — |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | AED 135K |
| Sept 26 | AED 145K |
| Aug 26 | AED 145K |
| Jul 26 | AED 140K |
| Jun 26 | AED 145K |
| May 26 | — |
- Leases (12M)
- 128
- New leases
- 100%
- Median rent 3M
- AED 144K
- Rent/sqft 3M
- AED 66
| 3 BR villas & townhouses | AED 134K / AED 2.41M | 5.6% |
|---|---|---|
| 4 BR villas & townhouses | AED 145K / AED 2.69M | 5.4% |
| 5+ BR villas & townhouses | AED 193K / AED 3.67M | 5.2% |
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 3 BR | 47 | AED 134K | AED 134K | 66 |
| 4 BR | 46 | AED 145K | AED 145K | 66 |
| 5+ BR | 10 | AED 193K | AED 193K | 60 |
Competing projects in Damac Lagoons
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Venice 1Damac Properties | 39 | 1,362 | — |
| Valencia Tower B at Damac LagoonsDamac Properties | 250 | 1,630 | down 2.6% |
| Costa Brava 1Damac Properties | 65 | 1,291 | up 7.8% |
| Valencia Tower A at Damac LagoonsDamac Properties | 227 | 1,599 | down 3.2% |
| Santorini 1Damac Properties | 70 | 1,226 | — |
| Valencia Tower D at Damac LagoonsDamac Properties | 195 | 1,636 | down 4.2% |
| Malta 1Damac Properties | 65 | 1,161 | up 8.2% |
| Costa Brava 2Damac Properties | 63 | 1,213 | — |
| Nice 1Damac Properties | 54 | 1,200 | — |
| Lagoon Views 13 BDamac Properties | 160 | 1,647 | down 3.0% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 10.0M | 5+ BR Villa · 7,206 sqftPortofino · Damac Lagoons | 20 Aug |
| AED 9.60M | 5+ BR Villa · 7,206 sqftPortofino · Damac Lagoons | 20 Aug |
| AED 9.00M | 5+ BR Villa · 7,206 sqftPortofino · Damac Lagoons | 17 Aug |
| AED 9.00M | 5+ BR Villa · 7,206 sqftPortofino · Damac Lagoons | 7 Oct |
| AED 4.00M | 5+ BR Villa · 3,294 sqftPortofino · Damac Lagoons | 4 Sept |
| AED 3.70M | 5+ BR Villa · 3,294 sqftPortofino · Damac Lagoons | 9 Oct |
Questions about Portofino
What is the average price per sqft in Portofino?
The median sale price in Portofino over the last three months was AED 1,205 per sqft (median sale AED 2.71M), based on 28 sales registered with Dubai Land Department.
How many properties were sold in Portofino in the last year?
97 sales worth AED 326M were registered in the last 12 months: 0% developer off-plan, 36% off-plan resales and 64% secondary (ready) sales.
What is the average rent in Portofino?
The median annual rent on leases registered in the last three months was AED 144K, and the best gross rental yield is about 5.6%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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