Market bulletin · Thu, 22 Oct 2026
Santorini 1: 5 sales worth AED 14.2M in 30 days
Santorini 1 recorded 5 sales worth AED 14.2M in the 30 days to Thu, 22 Oct 2026, up 150.0% on the previous 30 days. Over the last week 0 sales were registered (AED 0), against 0 the week before.
The median sale over the last three months was AED 2.73M, or AED 1,226/sqft. Monthly medians over the past year ranged from AED 1,129/sqft to AED 1,369/sqft.
By market over 12 months: secondary (ready) sales 100%.
In Damac Lagoons, Santorini 1 ranked #6 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 150K. The best gross yield is on 3 BR villas & townhouses at about 5.4%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | AED 1,226 |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | AED 1,129 |
| May 26 | — |
| Apr 26 | AED 1,358 |
| Mar 26 | — |
| Feb 26 | AED 1,338 |
| Jan 26 | AED 1,369 |
| Dec 25 | AED 1,347 |
| Nov 25 | AED 1,338 |
| Oct 25 | AED 1,302 |
| Sept 25 | AED 1,042 |
| Aug 25 | AED 1,105 |
| Jul 25 | AED 1,209 |
| Jun 25 | AED 1,235 |
| May 25 | AED 1,230 |
| Apr 25 | AED 1,136 |
| Mar 25 | AED 1,095 |
| Feb 25 | AED 1,140 |
| Jan 25 | — |
| Dec 24 | — |
| Nov 24 | AED 1,156 |
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 | — | — |
| Aug 26 | — | — |
| Jul 26 | — | — |
| Jun 26 | — | — |
| May 26 | — | — |
| Apr 26 | — | — |
| Mar 26 | — | — |
| Feb 26 | — | — |
| Jan 26 | — | AED 1,369 |
| Dec 25 | — | — |
| Nov 25 | — | — |
| Oct 25 | — | AED 1,302 |
| Sept 25 | — | AED 1,042 |
| Aug 25 | — | AED 1,105 |
| Jul 25 | — | — |
| Jun 25 | — | — |
| May 25 | AED 1,230 | — |
| Apr 25 | AED 1,227 | AED 964 |
| Mar 25 | — | — |
| Feb 25 | — | — |
| Jan 25 | — | — |
| Dec 24 | — | — |
| Nov 24 | AED 1,156 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 2 |
| Sept 26 | 0 | 0 | 5 |
| Aug 26 | 0 | 0 | 2 |
| Jul 26 | 0 | 0 | 4 |
| Jun 26 | 0 | 0 | 5 |
| May 26 | 0 | 0 | 2 |
| Apr 26 | 0 | 0 | 6 |
| Mar 26 | 0 | 0 | 4 |
| Feb 26 | 0 | 0 | 7 |
| Jan 26 | 0 | 0 | 13 |
| Dec 25 | 0 | 0 | 5 |
| Nov 25 | 0 | 0 | 7 |
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 | 5 | up 150.0% | AED 14.2M | 1,212 | — |
| Last 3 months | 9 | down 25.0% | AED 25.6M | 1,226 | up 7.2% |
| Last 6 months | 21 | down 54.3% | AED 62.5M | 1,212 | down 10.0% |
| Last 12 months | 70 | down 61.3% | AED 235M | 1,324 | up 15.8% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 70 | 100% | AED 3.20M | 1,324 | up 19.9% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 3 bedrooms | 9 | 13% | AED 2.80M | 1,388 | up 14.9% |
| 4 bedrooms | 27 | 39% | AED 3.00M | 1,347 | up 15.5% |
| 5+ bedrooms | 34 | 49% | AED 3.95M | 1,274 | up 17.0% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| AED 2M–10M | 70 | 100% | AED 3.20M | 1,324 | up 13.4% |
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 160K |
| Sept 26 | AED 145K |
| Aug 26 | AED 150K |
| Jul 26 | AED 158K |
| Jun 26 | AED 154K |
| May 26 | AED 150K |
| Apr 26 | AED 153K |
| Mar 26 | AED 180K |
| Feb 26 | AED 160K |
| Jan 26 | AED 170K |
| Dec 25 | AED 173K |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | — |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
- Leases (12M)
- 237
- New leases
- 99.6%
- Median rent 3M
- AED 150K
- Rent/sqft 3M
- AED 67
| 3 BR villas & townhouses | AED 150K / AED 2.80M | 5.4% |
|---|---|---|
| 4 BR villas & townhouses | AED 160K / AED 3.00M | 5.3% |
| 5+ BR villas & townhouses | AED 195K / AED 3.95M | 4.9% |
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 3 BR | 40 | AED 150K | AED 150K | 72 |
| 4 BR | 68 | AED 160K | AED 160K | 72 |
| 5+ BR | 40 | AED 195K | AED 195K | 64 |
Competing projects in Damac Lagoons
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Venice 1Damac Properties | 39 | 1,362 | — |
| PortofinoDamac Properties | 97 | 1,205 | up 4.6% |
| 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% |
| 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 3.87M | 5+ BR Villa · 3,101 sqftSantorini 1 · Damac Lagoons | 12 Aug |
| AED 3.20M | 5+ BR Villa · 2,846 sqftSantorini 1 · Damac Lagoons | 7 Oct |
| AED 3.00M | 4 BR Villa · 2,227 sqftSantorini 1 · Damac Lagoons | 25 Sept |
| AED 2.75M | 4 BR Villa · 2,227 sqftSantorini 1 · Damac Lagoons | 15 Aug |
| AED 2.73M | 4 BR Villa · 2,227 sqftSantorini 1 · Damac Lagoons | 3 Sept |
| AED 2.70M | 4 BR Villa · 2,227 sqftSantorini 1 · Damac Lagoons | 25 Sept |
Questions about Santorini 1
What is the average price per sqft in Santorini 1?
The median sale price in Santorini 1 over the last three months was AED 1,226 per sqft (median sale AED 2.73M), based on 9 sales registered with Dubai Land Department.
How many properties were sold in Santorini 1 in the last year?
70 sales worth AED 235M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in Santorini 1?
The median annual rent on leases registered in the last three months was AED 150K, and the best gross rental yield is about 5.4%.
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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