Damac Lagoons - Venice (1) construction progress

Damac Lagoons - Venice (1) was registered to complete in September 2025, 12 months ago, and is still under construction. Over the last year of inspections it has added about 1.5 points a month. Kept at that rate, the site would reach 100% around December 2027.

All 62 site photos, by inspection date

When will Damac Lagoons - Venice (1) be completed?

The completion date registered with the Dubai Land Department is September 2025. At the pace of its recent inspections the site would reach 100% around December 2027. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of Damac Lagoons - Venice (1) is built?

74%, measured at the Land Department site inspection on 17 July 2026. The Land Department engineers have inspected the site 11 times since December 2022.

Is Damac Lagoons - Venice (1) delayed?

Yes. Its registered completion date of September 2025 has passed and the Land Department still lists it as under construction.

Who is building Damac Lagoons - Venice (1)?

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 - Venice (1)?

Emirates NBD. 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.