DAMAC Properties
Mid to luxury, branded towers and large master communities. Privately owned by founder Hussain Sajwani. DAMAC was taken private and delisted from the Dubai Financial Market in 2022.
My view
A sales machine with a long track record and a lot of stock. The launches sell fast, which means the resale market inside DAMAC communities can get crowded at handover. Good product can be bought well, but it pays to be selective about phase and position.
What I check hardest: How many similar units hand over in the same community in the same year, because that sets your rent and resale competition.
The facts
- Who owns it
- Privately owned by founder Hussain Sajwani. DAMAC was taken private and delisted from the Dubai Financial Market in 2022.
- Leadership
- Founder and chairman Hussain Sajwani
- Segment (my read)
- Mid to luxury, branded towers and large master communities
- Known for
- DAMAC Hills and DAMAC Hills 2, DAMAC Lagoons, DAMAC Islands, Branded residences
- Sales, 2025
- AED 36bn Source
- DAMAC Islands 2 launch, Nov 2025
- AED 11bn in about five hours Source
- Dubai rank by sales value, 2025
- 2nd, 1st among private developers Source
Sources: Gulf News: DAMAC posts Dh36 billion in 2025 sales, tops Dubai's private developers. Sales figures are each company's own or a published ranking, and are not always like for like: some are group-wide, some Dubai only. Check a developer's project registration and escrow with the Dubai Land Department (or the relevant emirate) before you pay anything.
Where DAMAC Properties is active
Business Bay (6), Damac Lagoons (4), Al Safa (3), Damac Hills 2 (3), Dubai Maritime City (3), Damac Hills (2), Damac Riverside (2), Dubai Harbour (2), Al Marjan Island (1), Damac Sun City (1), Downtown Dubai (1), Dubai Media City (1).
Current projects
- Chic TowerAsk about this project
- Elegance TowerAsk about this project
- Elo DamacAsk about this project
- Safa One de GrisogonoAsk about this project
- Altitude de GrisogonoAsk about this project
- Canal CrownAsk about this project
- Canal HeightsAsk about this project
- Cavalli CoutureAsk about this project
- Damac BayAsk about this project
- Damac Harbour LightsAsk about this project
- Damac Lagoons Views Phase 2Ask about this project
- Damac Lagoons Views Phase 3Ask about this project
- Damac VioletAsk about this project
- Elo 2 and 3 DamacAsk about this project
- Golf GreensAsk about this project
- Safa Two de GrisogonoAsk about this project
- Damac Bay 2Ask about this project
- Damac CasaAsk about this project
- Damac Riverside ViewsAsk about this project
- Riverside by DamacAsk about this project
- ShorelineAsk about this project
- VoltaAsk about this project
- Chelsea ResidencesAsk about this project
- Damac DistrictAsk about this project
- Damac Safa GateAsk about this project
- ValenciaAsk about this project
- Chelsea Residences 1 Tower CAsk about this project
- Damac Islands Phase 1 and 2Ask about this project
- Piazza RomaAsk about this project
Details come from the developer and change often. Confirm availability, prices, payment plans and handover dates before you act. Locations on the map are shown at community level.
What I check before any DAMAC Properties purchase
- The payment plan. What each instalment is tied to, and what happens if a milestone slips.
- The escrow account. That your payments go into the project's regulated escrow account.
- The record. Past handovers on time, build quality and how snagging was handled.
- The numbers. Price per square foot against comparable projects, service charges and likely rent.
- Your exit. Resale rules, any developer approval needed, and fees on the way out. See the fees guide.
Questions I am asked
Is DAMAC Properties government-backed, listed or private?
Private. Privately owned by founder Hussain Sajwani. DAMAC was taken private and delisted from the Dubai Financial Market in 2022.
Where does DAMAC Properties have projects?
On my property map DAMAC Properties has 29 projects across 12 areas, including Business Bay, Damac Lagoons, Al Safa, Damac Hills 2.
When are DAMAC Properties projects due for handover?
The handover dates the developer has given for these projects run from 2026 to 2030. Dates are the developer's own timelines and can move, so confirm before acting.
How do I check a DAMAC Properties project before buying?
Check the payment plan and what each instalment is tied to, that your payments go into the project escrow account, the developer's record on past handovers, service charges, and whether the price per square foot matches comparable projects. I go through each of these with you before you reserve anything.
Planning to finance this?
Answer three quick questions and GCC Mortgages will come back with what you can borrow and which banks fit, before you commit to anything.
Thinking about a DAMAC Properties project?
Tell me your budget, timeframe and objective, and I will tell you honestly which launches fit and which do not, whether or not that ends up being with me.