DAMAC Properties

DAMAC Properties is a leading luxury real estate developer based in Dubai, UAE, founded in 2002 by Hussain Sajwani. The company has delivered over 47,600 residential units across iconic branded residences and master-planned communities in the UAE and internationally.

DAMAC Properties was founded in 2002. Its parent, DAMAC Group, has roots dating back to 1982, giving the organisation over four decades of business expertise in the Middle East.

DAMAC Properties is headquartered in Dubai, United Arab Emirates. The company operates internationally across more than 10 cities globally, including London, and has recently expanded into new markets such as Baghdad, Iraq.

DAMAC develops luxury residential apartments, villas, townhouses, branded residences, and mixed-use developments. Their portfolio ranges from high-rise towers in Downtown Dubai and Dubai Marina to sprawling master communities such as DAMAC Hills, DAMAC Lagoons, and DAMAC Islands.

DAMAC Hills is widely regarded as the developer’s flagship project — a master-planned golf community built around the Trump International Golf Club Dubai. DAMAC Islands further cemented the brand’s global reputation by earning a Guinness World Record in 2024 for the highest revenue from a single real estate launch in one day, generating over AED 10.2 billion within 24 hours.

As of mid-2024, DAMAC Properties has delivered over 47,600 residential units. The developer also has more than 40,000 additional units in various stages of development across the UAE and international markets.

DAMAC has collaborated with some of the world’s most recognised luxury brands, including Roberto Cavalli (Safa One & Safa Two), Paramount Hotels & Resorts (DAMAC Towers by Paramount), the Trump Organization (DAMAC Hills golf club and residences), and Chelsea Football Club (Chelsea Residences at Dubai Maritime City).

DAMAC Properties is considered one of Dubai’s most established and trusted developers. With over two decades of delivery, AED 36 billion in sales in 2025, and a consistent record of launching sought-after communities, DAMAC offers strong investment credibility. As with any real estate investment, buyers should conduct due diligence and review project-specific payment plans and handover timelines.

DAMAC’s active and upcoming projects include DAMAC Islands 2, DAMAC District (a unified live-work-social environment), Chelsea Residences at Dubai Maritime City, and ongoing phases within DAMAC Hills and DAMAC Lagoons. The developer consistently launches new communities each year.

Payment plan structures vary by project. DAMAC Islands, for example, offers a 75/25 plan — 20% down payment on booking, 55% in installments during construction, and the remaining 25% on handover. DAMAC is well known for offering buyer-friendly, flexible payment structures across its off-plan portfolio.

Yes. DAMAC operates across more than 10 cities globally. Internationally, the developer has delivered DAMAC Tower Nine Elms London — a 50-storey luxury residential tower on the south bank of the River Thames — and has announced expansion into Baghdad, Iraq, in 2025.

DAMAC, Emaar, and Nakheel are three of Dubai’s most prominent developers, each with a distinct positioning. DAMAC focuses on ultra-luxury branded residences and lifestyle communities. Emaar is known for iconic landmarks such as Burj Khalifa and Dubai Mall, offering a broad mix of luxury and mid-market homes. Nakheel is a master developer responsible for Palm Jumeirah and large-scale waterfront infrastructure. Together, they have shaped modern Dubai’s real estate landscape.