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Water Dragon Location. Water Dragon. The water dragon is a large species of lizard native to the forests and jungles of Asia and Australia. Water dragons are arboreal animals meaning that they spend most of their time in the trees, often close to a large body of water.
Draco volans, commonly known as the flying dragon, is a species of lizard endemic to Southeast Asia.emales tend to have bluish dewlaps and yellow coloring on the wings' undersides. Their heads are blunted and fairly short, and each leg has five clawed toes. Flying Dragons have low, long bodies. They have flaps of skin along the ribs, which can be extended into wings by the lizard elongating its ribs.