About DAMAC Properties
DAMAC Properties was founded in 2002 by Hussain Sajwani and has over 20 years of experience in real estate and hospitality. The company is based at DAMAC Executive Heights in Barsha Heights and operates across the UAE. It mainly focuses on luxury residential towers, waterfront homes and mixed-use communities with many projects in areas like Dubai Marina and Business Bay.
Operational Footprint and Focus
DAMAC Properties mainly has presence at key real estate areas in Dubai and also has projects in the Middle East and cities like London, Toronto and Maldives, focusing on high-end properties in locations with steady demand with main areas including Dubai Marina, Business Bay, Downtown Dubai, DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, DAMAC Islands, Safa Park and Dubai Canal, along with international presence in Riyadh.
Development Approach
DAMAC Properties follows a design style that mixes fashion-led looks with practical city planning. Its projects are planned with more open space, lower density and strong water features. The company focuses on smart layouts and high-quality finishes, often collaborating with global names like de GRISOGONO and Roberto Cavalli.
Portfolio
DAMAC Properties is known for branded homes that see constant demand in the resale market. The developer has worked on large community projects that bring together residential living with lifestyle spaces in a balanced way.
| Feature | Detail |
| Year of Establishment | 2002 |
| Headquarters | Executive Heights, Barsha Heights, Dubai |
| Primary Focus | Luxury residential, hospitality and master communities |
| Total Portfolio Value | AED 36 billion (2025 total sales) |
| Key Regions | UAE, UK, Saudi Arabia, Qatar, Canada and Maldives |
About the Developer
Market Position
DAMAC Properties works in the luxury and ultra-prime segment, focusing on branded projects in well-known waterfront areas and growing parts of Dubai where demand is high. Its projects are mostly in high-demand areas where buyers are attracted by good rental demand, strong location value and steady performance over time.
Property Types and Development Focus
DAMAC Properties develops different types of homes such as apartments, villas and penthouses, mainly within residential, mixed-use and branded projects. These communities are planned with a strong focus on lifestyle, offering high-end and comfortable living spaces.
Construction quality is kept at a high level to support durability and value over time. Buyers consider these projects for steady demand, especially due to branded partnerships and well-planned communities.
Completed and Delivered Projects
DAMAC Properties has delivered over 50,000 homes by April 2026 and is working on around 55,000 more units across different stages.
- DAMAC Hills (Dubailand): Gated villas and apartments around Trump International Golf Club with phases completed in 2025.
- DAMAC Hills 2 (Dubailand): Villa community (earlier AKOYA) with eco-friendly planning, delivered in phases from 2019 to 2024.
- DAMAC Heights (Dubai Marina): 86-storey tower with Fendi Casa interiors, completed in 2018.
- DAMAC Towers by Paramount (Business Bay): 4-tower mixed-use project with hotel and residences, completed in 2019.
- Ghalia (Jumeirah Village Circle): Sharia-compliant serviced apartments with furnished units, completed in 2019.
Ongoing and Featured Projects
DAMAC Properties is working on a few off-plan projects across Dubai with phased handovers in the coming years.
- DAMAC Islands (Dubailand): Villas and townhouses with island-style clusters and lagoon features, handover from Q4 2027 to 2030.
- DAMAC Lagoons (Hessa Street): Mediterranean-style villas with water cinema and wellness areas, handover between late 2026 and 2027.
- DAMAC Riverside (Dubai Investments Park): Townhouses and apartments with wellness and themed hubs, handover from 2028 to 2029.
- Safa One & Safa Two (Al Wasl): Branded high-rise apartments with rooftop gardens and fog concept near Safa Park, handover in Q2-Q3 2026.
- DAMAC Bay 1 & 2 (Dubai Harbour): Seafront apartments and penthouses with Cavalli interiors, handover in 2027 and 2028.
- Canal Heights 1 & 2 (Business Bay): Waterfront apartments and studios with branded design, handover by Q4 2026.
- DAMAC ELO 1 (DAMAC Hills 2): Residential units with community setup, handover Q4 2026.
- Riverside Views Marine 2 (Dubai Investments Park): Apartments in waterfront cluster, handover in 2028.
- Riverside Views Marine 3 (Dubai Investments Park): Residential units in marine cluster, handover early 2028.
- Riverside Views Marine 1 (Dubai Investments Park): Apartments with community features, handover Q1 2029.
- DAMAC Antigua (DAMAC Islands 2): Island-style villas, handover Q4 2029.
- Tahiti at DAMAC Islands (DAMAC Islands): Villas with resort-style setup, handover 2029-2030.
- DAMAC Cuba (DAMAC Islands 2): Themed villas in island cluster, handover 2030.
- Riverside Views Royal 3 (Dubai Investments Park): Residential apartments under development, handover timeline has not been released yet.
Why Choose This Developer
DAMAC Properties is connected with projects in high-demand areas where buying and selling activity stays active. The DAMAC developer has delivered over 48,000+ homes and has around 50,000+ units in progress. The company also works with global luxury brands, which helps maintain constant interest in resale markets.
Buyers have clear payment plans and simple management systems, along with strong sales performance, including over AED 36 billion annually and high transaction volumes in early 2026.
