Market bulletin · Thu, 22 Oct 2026
Santorini 2: 3 sales worth AED 10.6M in 30 days
Santorini 2 recorded 3 sales worth AED 10.6M in the 30 days to Thu, 22 Oct 2026. Over the last week 2 sales were registered (AED 6.78M), against 0 the week before.
By market over 12 months: off-plan resales 32.6%, secondary (ready) sales 67.4%.
In Damac Lagoons, Santorini 2 ranked #11 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 155K. The best gross yield is on 5+ BR villas & townhouses at about 5.1%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | AED 1,381 |
| Feb 26 | — |
| Jan 26 | AED 1,396 |
| Dec 25 | AED 1,352 |
| Nov 25 | AED 1,341 |
| Oct 25 | AED 1,341 |
| Sept 25 | AED 1,205 |
| Aug 25 | AED 1,133 |
| Jul 25 | AED 1,208 |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | — |
| Dec 24 | AED 1,087 |
| Nov 24 | AED 1,047 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 3 |
| Sept 26 | 0 | 0 | 0 |
| Aug 26 | 0 | 0 | 1 |
| Jul 26 | 0 | 0 | 1 |
| Jun 26 | 0 | 0 | 4 |
| May 26 | 0 | 0 | 4 |
| Apr 26 | 0 | 0 | 3 |
| Mar 26 | 0 | 0 | 5 |
| Feb 26 | 0 | 0 | 2 |
| Jan 26 | 0 | 0 | 6 |
| Dec 25 | 0 | 7 | 2 |
| Nov 25 | 0 | 7 | 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 | 3 | — | AED 10.6M | — | — |
| Last 3 months | 4 | down 60.0% | AED 13.9M | — | — |
| Last 6 months | 14 | down 56.3% | AED 48.2M | 1,222 | down 9.5% |
| Last 12 months | 46 | down 37.8% | AED 159M | 1,303 | up 16.4% |
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 | 15 | 33% | AED 3.75M | 1,341 | up 16.6% |
| Secondary (ready) | 31 | 67% | AED 3.37M | 1,301 | up 27.8% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 3 bedrooms | 3 | 7% | — | — | — |
| 4 bedrooms | 18 | 39% | AED 3.10M | 1,409 | up 16.9% |
| 5+ bedrooms | 25 | 54% | AED 3.85M | 1,237 | up 13.0% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| AED 2M–10M | 46 | 100% | AED 3.38M | 1,303 | up 14.1% |
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 167K |
| Sept 26 | AED 150K |
| Aug 26 | AED 175K |
| Jul 26 | AED 150K |
| Jun 26 | AED 173K |
| May 26 | AED 180K |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
- Leases (12M)
- 143
- New leases
- 100%
- Median rent 3M
- AED 155K
- Rent/sqft 3M
- AED 67
| 4 BR villas & townhouses | AED 150K / AED 3.17M | 4.7% |
|---|---|---|
| 5+ BR villas & townhouses | AED 190K / AED 3.70M | 5.1% |
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 3 BR | 15 | AED 140K | AED 140K | 69 |
| 4 BR | 54 | AED 150K | AED 150K | 67 |
| 5+ BR | 37 | AED 190K | AED 190K | 63 |
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% |
| 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 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 3.85M | 5+ BR Villa · 3,101 sqftSantorini 2 · Damac Lagoons | 6 Oct |
| AED 3.52M | 5+ BR Villa · 3,101 sqftSantorini 2 · Damac Lagoons | 22 Oct |
| AED 3.25M | 4 BR Villa · 2,227 sqftSantorini 2 · Damac Lagoons | 14 Aug |
| AED 3.25M | 5+ BR Villa · 2,846 sqftSantorini 2 · Damac Lagoons | 16 Oct |
Questions about Santorini 2
How many properties were sold in Santorini 2 in the last year?
46 sales worth AED 159M were registered in the last 12 months: 0% developer off-plan, 33% off-plan resales and 67% secondary (ready) sales.
What is the average rent in Santorini 2?
The median annual rent on leases registered in the last three months was AED 155K, and the best gross rental yield is about 5.1%.
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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