Damac Lagoons - Valencia construction progress
Damac Lagoons - Valencia in Al Hebiah Fifth is 5.2% built at the Land Department inspection of May 2026. Developer Island Oasis Properties. Completion registered for February 2028.
5.2%
Built, at the Land Department site inspection of 20 May 2026
Running behind its date
- Completion date (Land Department)
- February 2028
- Finish at recent pace
- November 2045
- Construction started
- November 2024
- Registered with the Land Department
- September 2024
- Developer
- Island Oasis Properties
- Community
- Al Hebiah Fifth
- Units
- 1,558
- Escrow bank
- First Abu Dhabi Bank
- Name in Arabic
- داماك لاجونز - فالينسيا
- Land Department project number
- 3226
- Land Department site inspections
- 3
Schedule
Between April 2025 and May 2026 the site added about 0.4 points a month. At that rate it would finish around November 2045, more than three months after the February 2028 date registered with the Land Department.
Site inspections
20 May 2026
5.2%+5.1 pts
29 April 2025
0.1%+0.1 pts
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7 August 2024
0%
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Context
Al Hebiah Fifth has 20 projects under construction, 48% built on average.
Island Oasis Properties has 27 projects under construction in Dubai; 6 have passed their registered completion date.
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Notify me when it launchesQuestions
- When will Damac Lagoons - Valencia be completed?
- The completion date registered with the Dubai Land Department is February 2028. At the pace of its recent inspections the site would reach 100% around November 2045. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Damac Lagoons - Valencia is built?
- 5.2%, measured at the Land Department site inspection on 20 May 2026. The Land Department engineers have inspected the site 3 times since August 2024.
- Is Damac Lagoons - Valencia delayed?
- It is running behind. At the rate of the last year it would finish more than three months after its registered date of February 2028.
- Who is building Damac Lagoons - Valencia?
- The registered developer is Island Oasis Properties. It has 26 other projects under construction in Dubai.
- Which bank holds the escrow account for Damac Lagoons - Valencia?
- First Abu Dhabi Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.
- Damac Lagoons - Nice 1Also by Island Oasis Properties. 94%, Due July 2025, passed.
- Damac Lagoons - Nice 2Also by Island Oasis Properties. 84%.
- Damac Lagoons - PortofinoAlso by Island Oasis Properties. 97%, Due June 2025, passed.
- Damac Lagoons - Venice (1)Also by Island Oasis Properties. 74%, Due September 2025, passed.
- Paradise HillsNearby in Al Hebiah Fifth. 84%, Due December 2025, passed.
- Reportage HillsNearby in Al Hebiah Fifth. 0.4%, Due June 2028.
- Off-plan handover in DubaiWhat happens between 100% and getting your keys.
- Snagging a new Dubai homeHow to inspect the unit before you accept it.
Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.