Dubai Land Department register
Damac Lagoons - Portofino
867 homes on the DLD register in Al Hebiah Fifth, filed by Island Oasis Properties. No sale has been registered against it between 28 Apr 2025 and 4 Oct 2026.
Construction completeUnder construction
Recorded at DLD's site inspection of 16 Jul 2026. That is an inspector's last visit, not today — the site has moved on since.
THE DLD RECORD
| Registered developer entity | Island Oasis Properties |
| Area (DLD) | Al Hebiah Fifth |
| Master community | DAMAC Lagoons |
| Project status | Under construction |
| Construction progress | 97.14% complete (DLD inspection, 16 Jul 2026) |
| Homes registered | 867 |
| Buildings | — |
| Registered start | 24 Apr 2022 |
| Registered completion date | 29 Jun 2025 |
| DLD project number | 2356 |
Project consists of 877 Nos. of G+1 and G+2 Villas located in Al Hebiah Fifth, Dubai. The villas are designed to have a concrete structure and block with internal and external finishes.
Reproduced from the register verbatim, including its own abbreviations. It is the developer’s filed description, not our assessment of the project.
| Escrow trustee bank | Emirates Nbd Bank (P.J.S.C) |
| Escrow account | 0205789887416 |
Under Dubai Law No. 8 of 2007 every payment on a registered off-plan project goes into that project’s escrow account, held at a DLD-approved trustee bank and released to the developer against verified construction progress — not to the developer direct and not to a broker. Check these details in DLD’s own Dubai REST app against the project number above before you transfer anything, and treat any account number that differs from the one DLD shows as a reason to stop. Substituted account details are a known fraud in this market. Reproduced from the DLD register as at 4 Oct 2026; account details can change, and DLD’s record is the authority, not this page.
Source: Dubai Land Department project register. The developer, area, counts and filed dates are as recorded at 4 Oct 2026; the project status and escrow details as at 4 Oct 2026. Construction progress carries the date of the DLD site inspection that produced it, which is a different date again and is stated on the row — where the register holds no dated inspection, no percentage is published rather than an undated one. “Registered completion date” is the completion date on file at DLD; it is a date on record, not a guarantee of handover, and where that date has already passed it means only that the register has not been updated, not that the project handed over. Homes counted as registered apartments plus registered villas. Figures on this panel are the registry’s, and are stated as at different dates from the transaction figures elsewhere on the page. Registered completion: Jun 2025.
REGISTERED SALES
The Dubai Land Department transaction register we hold covers 28 Apr 2025 to 4 Oct 2026. No sale in this project was registered inside that window. That is not evidence that nothing has sold: the register is a backfill from 28 Apr 2025 onwards, so units sold before that date do not appear, and off-plan sales are registered on a lag. We publish no median, no trend and no price guide for this project, because we have nothing to base one on.
Transaction data as at 4 Oct 2026. Project facts as recorded by DLD at 4 Oct 2026 — a separate feed on a separate cadence.
ALL REGISTERED SALES
| Date | Property type | Bedrooms | Area (sq ft) | Price (AED) | AED per sq ft |
|---|---|---|---|---|---|
| 2 Oct 2026 | — | — | 1,550 | 2,350,000 | 1,516 |
| 1 Oct 2026 | — | — | 6,889 | 9,300,000 | 1,350 |
| 30 Sep 2026 | — | — | 1,550 | 2,750,000 | 1,774 |
| 28 Sep 2026 | — | — | 1,550 | 2,750,000 | 1,774 |
| 28 Sep 2026 | — | — | 2,364 | 3,450,000 | 1,460 |
| 28 Sep 2026 | — | — | 1,550 | 2,350,000 | 1,516 |
| 28 Sep 2026 | — | — | 1,550 | 2,710,000 | 1,748 |
| 25 Sep 2026 | — | — | 1,550 | 2,370,000 | 1,529 |
| 21 Sep 2026 | — | — | 1,550 | 2,715,000 | 1,752 |
| 18 Sep 2026 | — | — | 1,550 | 2,400,000 | 1,548 |
| 16 Sep 2026 | — | — | 1,550 | 2,450,000 | 1,581 |
| 10 Sep 2026 | — | — | 1,550 | 2,583,865 | 1,667 |
| 10 Sep 2026 | — | — | 1,636 | 2,425,000 | 1,483 |
| 9 Sep 2026 | — | — | 1,550 | 2,400,000 | 1,548 |
| 8 Sep 2026 | — | — | 1,550 | 2,370,000 | 1,529 |
| 7 Sep 2026 | — | — | 2,364 | 4,000,000 | 1,692 |
| 4 Sep 2026 | — | — | 1,550 | 2,815,000 | 1,816 |
| 2 Sep 2026 | — | — | 1,550 | 2,300,000 | 1,484 |
| 25 Aug 2026 | — | — | 1,550 | 2,800,000 | 1,806 |
| 25 Aug 2026 | — | — | 2,622 | 3,500,000 | 1,335 |
| 24 Aug 2026 | — | — | 1,550 | 2,320,000 | 1,497 |
| 20 Aug 2026 | — | — | 6,889 | 10,000,000 | 1,452 |
| 20 Aug 2026 | — | — | 8,169 | 9,600,000 | 1,175 |
| 18 Aug 2026 | — | — | 1,550 | 2,700,000 | 1,742 |
| 18 Aug 2026 | — | — | 6,882 | 9,000,000 | 1,308 |
Source: Dubai Land Department sales register, every registered sale held against this project, as at 2 Oct 2026. The median covers the 6 months to that date and uses every sale listed in that period that carries a price and an area, whatever its property type. Areas are DLD’s square metres converted to square feet.
Same area, similar size
COMPARABLY SIZED PROJECTS IN AL HEBIAH FIFTH
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This page is the public register — the project record as at 4 Oct 2026, and the transaction register to 4 Oct 2026.
AVAILABILITY
On the register867 homes
From the DLD project record as at 4 Oct 2026, filed at status “Under construction” as at 4 Oct 2026.
Not on the registerWhat is available now
PRICE
On the register—
No sale has been registered against this project between 28 Apr 2025 and 4 Oct 2026.
Not on the registerAt what price
PAYMENT TERMS
On the register—
The DLD project register carries no payment-plan data of any kind.
Not on the registerOn what payment terms
THE SPECIFIC UNIT
On the register—
Nothing is registered against this project to compare a unit with.
Not on the registerHow the specific unit compares with the ones already registered
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