Selling now · Dubai
Sorrento
DAMAC · DAMAC Lagoons, Dubai · from US$185K (AED 680,000) · handover Q1 2030
The briefing
What it is
Sorrento is an apartment project by DAMAC in DAMAC Lagoons, Dubai. Homes range from Studio-1 bedrooms. Prices start from US$185K (AED 680,000), with a 50/50 payment plan and handover expected Q1 2030.
Where it is
DAMAC Lagoons is in Dubai, the region's busiest property market: no income tax, a global airport hub and residents from more than 200 nationalities.
Why buyers are looking
- DAMAC is one of the UAE's leading developers, which supports resale demand and delivery confidence.
- Early buyers get launch prices and the widest choice of units.
- You pay 50% while it is built, but any rise in value applies to 100% of the price.
Key facts
| Developer | DAMAC |
|---|---|
| Location | DAMAC Lagoons, Dubai |
| Property types | apartment |
| Bedrooms | Studio-1 |
| Units | On request |
| Starting price | US$185K · AED 680,000 |
| Payment plan | 50/50 |
| Handover | Q1 2030 |
| Status | Selling now |
How you pay
50/50: your money goes in step by step.
You pay 50% (US$93K · AED 340,000) while it is being built and 50% at or after handover. Your money goes in step by step, not all on day one.
What it could make
Three scenarios, one honest table.
An illustration, not a promise. One unit bought at the starting price and sold at handover in about 3.4 years, after 4% registration and 2% selling costs.
| Price growth per year | Value at handover | Profit after costs | Cash you put in | Return on your cash | Per year |
|---|---|---|---|---|---|
| 0% | US$185KAED 680,000 | US$-11KAED -40,800 | US$100KAED 367,200 | -11% | -3.3% |
| 3% | US$205KAED 751,892 | US$8KAED 29,654 | US$100KAED 367,200 | 8% | 2.4% |
| 6% | US$226KAED 828,989 | US$29KAED 105,209 | US$100KAED 367,200 | 29% | 8.4% |
Why the numbers can work: you put in 50% plus the 4% registration fee, but growth applies to the full price. Risks: prices can fall, handover can slip, and selling before handover usually needs the developer's approval and a minimum amount paid.
Why the UAE
Why buyers from 200+ countries choose the UAE.
Floor plans
Official floor plans are sent with the price list. Tell us the size you want and we will send the developer's plans for those units.
Request floor plansLocation
Questions buyers ask
Straight answers.
Can foreigners buy here?
Yes. Projects sold by UAE developers to international buyers are in freehold or investment zones where foreign nationals can own. We confirm the title type for your unit.
What are the buying costs?
About 4% government registration fee plus small administration fees. No stamp duty or annual property tax.
Can I sell before handover?
Usually yes, once you have paid the minimum the developer sets (often 30 to 40%) and received its no-objection certificate.
Can I get a mortgage?
Off-plan homes are usually paid through the payment plan; banks lend close to or after handover, for residents and non-residents, subject to bank rules.
Can I buy without visiting?
Yes. Reservation, contract and payments can all be done remotely, and we arrange video tours of show homes.
How do I get the Golden Visa?
Once your purchase is registered and meets the AED 2 million threshold, you apply with the title deed or off-plan contract. We guide you through it.
Register your interest
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Compare
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Sources: providentestate.com, checked 2026-11-13. Prices and plans can change; confirm with the developer before you buy. Images: developer's official material, credited. For general guidance only, not financial, tax or legal advice. My view, not financial advice.