The Santorini residential community in Dubai
The upcoming Santorini residential community in Dubai is a new unique Mediterranean-style residential complex inspired by the Greek island of the same name. Santorini is part of the Damac Lagoons community developed by Damac Properties, one of the leading luxury real estate developers in the UAE. Here you can purchase luxury villas and townhouses with three to six bedrooms.
The Santorini residential complex in Dubai is currently under construction and will be commissioned in the third quarter of 2024. This is a great option for those who appreciate the high-end lifestyle and want to feel like they’re on vacation every day, strolling along the sandy beaches of the artificial lagoon.
Santorini in Dubailand, UAE
The up-and-coming community is located in one of the most prosperous areas of Dubai, Dubailand.
Today, the community is actively developing and becoming increasingly attractive to investors. In addition to the numerous luxurious villas and townhouses, the infrastructure is highly developed here with ample theme parks, gardens, cultural hubs and shopping centres. Residents of Santorini will be able to get to any Dubai district easily and quickly. For example, a trip to the city centre, Business Bay or DXB International Airport will take about 20 minutes. Besides, the territory of the Dubailand neighbourhood is one of the free ownership zones, where foreign buyers have the right to own real estate based on full private ownership.
Purchasing real estate in Santorini
At the moment, the price of the townhouses in Santorini starts at AED 1.5 million (USD 408,500). The cost of a spacious 6-bedroom villa starts at AED 3.7 million (USD 1 million). The closer the deadline for the community’s commissioning, the higher the prices rise, so it’s profitable for investors to buy off-plan property in an under-construction residential complex in Dubai. Besides, the developer offers a convenient instalment plan. By buying off-plan properties in the high-end residential complex of Santorini, you also get the opportunity to obtain a 5-year resident visa to live in the UAE, which can then be extended an unlimited number of times if the ownership is retained.