DAMAC Properties
Luxury-positioned Dubai developer known for branded residences.
About DAMAC Properties
DAMAC Properties is a major Dubai developer founded in 2002 by Hussain Sajwani, known for partnerships with luxury brands (Versace, Cavalli, Trump, Fendi) and aggressive off-plan launch marketing. DAMAC has delivered around 47,000 units across more than 12 communities including DAMAC Hills, DAMAC Hills 2, AKOYA, AYKON City, and DAMAC Lagoons. The company trades on the Dubai Financial Market (DFM:DAMAC) and is part of the broader DAMAC International group. Off-plan launches typically feature aggressive payment plans (post-handover plans of 24–48 months are standard) and below-Emaar entry prices on comparable specifications, which drives strong launch absorption but creates higher resale supply at handover.
Primary areas
- • DAMAC Hills
- • DAMAC Hills 2
- • AKOYA Oxygen
- • Business Bay
- • AYKON City
- • DAMAC Lagoons
Property types
- • Apartments
- • Villas
- • Townhouses
- • Branded residences (Versace, Cavalli, Trump, Fendi)
- • Penthouses
Notable DAMAC Properties projects
Best known for
- ✓Branded residence partnerships (Versace, Cavalli, Trump, Fendi)
- ✓Aggressive payment plans — post-handover plans up to 48 months
- ✓Below-Emaar launch prices on comparable specs
- ✓Large active pipeline (~30,000 units in development as of 2026)
Common complaints
- !On-time delivery weaker than top-tier (~82% vs Emaar 92%)
- !Build quality varies significantly between projects
- !Aggressive resale supply at handover (many investor sellers)
- !Service charges sometimes higher than launch projections
Who should buy from DAMAC Properties
Buyers prioritizing payment-plan flexibility and lower entry price. Investors targeting branded residences. Those comfortable with moderate delivery risk in exchange for better launch pricing.
DAMAC Properties — Frequently Asked Questions
Is DAMAC a reliable Dubai developer?+
DAMAC has a moderate on-time delivery record (~82% across 2020–2025), behind top-tier Emaar and Sobha but ahead of smaller developers. The company is publicly listed (DFM:DAMAC) and has delivered ~47,000 units total. Larger flagship projects (Cavalli Tower, AYKON City) generally deliver more reliably than smaller community launches.
What is DAMAC's typical payment plan?+
DAMAC offers some of the most aggressive payment plans in Dubai: 10–20% on signing, 40% during construction, 30–40% at handover, and post-handover plans (PHP) extending 24–48 months. This lets buyers spread total payments over 5+ years, lowering cash-flow strain.
How do DAMAC branded residences compare to Emaar Address?+
DAMAC branded residences (Versace, Cavalli, Trump, Fendi) target a luxury-aspirational segment with stronger branding visibility but higher build-quality variance. Emaar Address Residences offer more consistent finishing and stronger resale liquidity. For STR (holiday-let) revenue, DAMAC brands sometimes outperform on ADR; for capital appreciation, Address Residences typically lead.
What is DAMAC Hills 2 best known for?+
DAMAC Hills 2 (formerly AKOYA Oxygen) is a large-scale family-villa community in Dubai South. Best known for townhouses and 3–5BR villas at lower price points than central areas, with full amenities (golf course, lazy river, lake). ROI is moderate (~5% gross), capital growth has been steady (~6–8% CAGR 2022–2025).
Are DAMAC projects Golden Visa eligible?+
Yes — any DAMAC property priced AED 2M+ qualifies the buyer for the 10-year UAE Golden Visa. Popular entries include 2BR apartments in Cavalli Tower, 3BR villas in DAMAC Hills, and Lagoons townhouses.
How long does DAMAC take to deliver projects?+
DAMAC apartment projects typically deliver in 30–36 months from SPA signing. Villa projects (DAMAC Hills, AKOYA) run 36–48 months. Average delay across the portfolio is 7 months; some projects have slipped 12+ months historically.
Can I get a mortgage on DAMAC off-plan property?+
Yes, but selectively. Most UAE banks fund DAMAC off-plan only after the project is at least 30–50% complete (verifying construction progress). CBUAE caps off-plan LTV at 50% for any developer. Established projects (DAMAC Hills, Business Bay completed towers) qualify for standard ready-property LTV (80% expat / 85% national).
What's the resale market like for DAMAC properties?+
DAMAC resale is liquid but typically transacts at a 5–10% discount to comparable Emaar inventory due to higher investor-owner concentration at handover. DAMAC Hills villas resell strongly; Business Bay apartments face more competition.
What's the average service charge in DAMAC buildings?+
DAMAC service charges average AED 16–24/sqft for apartments and AED 4–8/sqft for villas. Branded residences (Cavalli, Trump) typically AED 28–35/sqft. DAMAC Hills 2 villas are at the lower end of the range (~AED 5/sqft).
Where is DAMAC headquartered?+
DAMAC Properties is headquartered in DAMAC Park Towers, DIFC, Dubai. Listed on the Dubai Financial Market under ticker DAMAC.
How big is DAMAC's active development pipeline?+
As of 2026, DAMAC has approximately 30,000 units in active development across Dubai, with the majority concentrated in DAMAC Lagoons, AYKON City, and Business Bay. This is the second-largest active Dubai pipeline after Emaar.
Does DAMAC have projects outside Dubai?+
Yes — DAMAC has international projects in London (DAMAC Tower Nine Elms), Doha, Maldives, and Cyprus, plus a small Abu Dhabi portfolio. The bulk of operations and ~85% of revenue come from Dubai.
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Analyze a propertyProfile data refreshed: 2026-05-26. Data sourced from DLD transactions, RERA project registry, and developer-published delivery reports.