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What to know before buying from DAMAC Properties

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Homes delivered
More than 50,000 (developer-stated)
Control
Private; Hussain Sajwani, Maple Invest
Listed debt
USD 750m sukuk, due August 2028

Matched to your plans 01

DAMAC homes, matched to your plans

Tell us your price range and plans. An adviser comes back with up to three options available now, checked against your requirements.

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  • Options inside your price rangeUp to three, and fewer if fewer fit. Never padded to make up the number.
  • Every cost and payment stageBooking, instalments, handover and registration fees, set out before you commit.
  • Why each could suit youThe reasons it fits, what to weigh, and the developer-stated handover date.

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Where it builds

Most DAMAC homes are in Dubai master communities, handed over phase by phase. As at 16 September 2026.

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Inside DAMAC communities

Developer images from DAMAC Lagoons, DAMAC Hills, DAMAC Riverside and DAMAC Islands 2. Communities are built in phases, so ask which of these amenities serve your cluster and when they are due.

  • Aerial view of lagoons and villas, DAMAC Islands 2
    01Aerial view of lagoons and villas, DAMAC Islands 2
  • Villa with private pool, DAMAC Lagoons
    02Villa with private pool, DAMAC Lagoons
  • Villa living room, DAMAC Lagoons
    03Villa living room, DAMAC Lagoons
  • Apartment buildings along a canal, DAMAC Riverside
    04Apartment buildings along a canal, DAMAC Riverside
  • Malibu Bay beach pool, DAMAC Hills
    05Malibu Bay beach pool, DAMAC Hills
  • Waterway through tropical landscaping, DAMAC Islands 2
    06Waterway through tropical landscaping, DAMAC Islands 2

DAMAC 04

Public record: deliveries, ownership and debt

Since leaving the stock market, DAMAC files no full accounts on an exchange. Its sukuk documents and ratings are the main public financial record.

  1. 2002DAMAC Properties foundedPart of DAMAC Group, started by Hussain Sajwani in the early 1980s
  2. April 2014 and April 2017Sukuk listed on Nasdaq DubaiUSD 650m, then USD 500m
  3. 15 February 2022Shares stop trading on the Dubai Financial MarketShareholders then approve conversion to a private joint stock company
  4. March 2022Minority shareholders bought outMaple Invest, wholly owned by Sajwani, who already held 72 per cent, offered AED 1.40 a share
  5. February 2025USD 750m sukuk priced, due August 2028Issued for DAMAC Real Estate Development Ltd via Alpha Star Holding IX Ltd on Euronext Dublin; Ba2 (Moody’s) and BB (S&P) reported
  6. First half of 2026Construction contracts over AED 10bn awarded (developer-stated)More than 50,000 homes delivered to date, with over 55,000 in planning and development
  7. 20268,800 units handed over in Dubai (developer-stated)DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, Chic Tower and Elegance Tower. Check which buildings are complete in DLD records

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DAMAC 05

How DAMAC builds, and what that means for you

  1. 01

    Houses as well as apartments

    Its Dubai master communities sell off-plan villas and townhouses; DAMAC Islands 2 launched with villas, twin villas and townhouses. Shoreline in Ras Al Khaimah offers apartments and duplexes.

  2. 02

    Handed over in phases

    A date for one cluster says nothing about another in the same community. Read the handover date for the phase you are buying.

  3. 03

    Contractor not named publicly

    DAMAC’s releases do not say whether it builds with its own construction company. Ask who the main contractor is for your project.

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Before you pay a DAMAC booking deposit

  1. Name the phase and its date

    Confirm the cluster or phase you are buying and the developer-stated handover date for that phase.

  2. Check completion in DLD records

    The 2026 handover figure does not show which buildings are finished. Look up your building or cluster.

  3. Confirm where your money goes

    In Dubai, confirm the project’s escrow account and that your sale is registered through Oqood.

  4. Match the seller

    The sukuk issuer and the selling company can carry different legal names. Confirm the exact seller named in your sale and purchase agreement.

  5. Verify projects outside Dubai

    In Ras Al Khaimah, confirm RAK RERA oversight of the project escrow. In Abu Dhabi, check the project on DARI rather than an agency listing.

Explore by developer 07

Weighing another developer?

Each profile sets out where the developer builds, its public record and what to check before you buy.

Developer names are used only to identify each developer. Listing a developer here does not mean a partnership, endorsement or access to every project.

What you can hold us to

Six commitments behind every consultation.

A purchase this size deserves someone who shows you the full picture, including what could go wrong, before you commit a deposit.

How the firm is paid, and why it matters to you

  1. Every cost before you commit

    Total price, registration fees and each payment stage, set out in your own currency before you pay anything.

  2. Honest about fit

    Up to three options, and fewer if fewer fit. If off-plan does not suit your plans, you are told plainly.

  3. A second opinion on any offer

    Bring an offer from a developer or another agent and have its cost, payment plan and contract points checked before you commit.

  4. Told how the firm is paid

    Before you decide on anything, including whether a developer on your shortlist pays the firm.

  5. Checks before you see a home

    Registration, the project escrow account, the developer’s record and a current price, checked before a home reaches you.

  6. Your time, your privacy

    Video, phone, WhatsApp or email in your time zone. Your details are used only to reply, and launch emails only if you ask.

How it works 08

Three steps, no obligation.

No account, no fee, no pressure to proceed. You decide whether to go further.

  1. 01

    Share your requirements

    Your contact details, then property type, price range, emirate, objective and timeframe. It takes about two minutes, and no financial documents are needed.

  2. 02

    Review suitable options

    Up to three opportunities, each with its costs, payment timings, the reasons it was selected and what to consider. If fewer fit, you get fewer.

  3. 03

    Discuss next steps

    Talk to an adviser about the options, what to verify independently and what reserving involves. There is no pressure to proceed.

Questions 09

Answers before you share any details.

If your question is not answered here, an adviser can go through it with you during a consultation.

DAMAC states it has delivered more than 50,000 homes since 2002 and is handing over 8,800 units in Dubai in 2026. These are its own figures, not an audited count, and do not show how a particular building was finished or whether it met its date. Look up completed DAMAC buildings near yours in DLD records.

No. Its shares stopped trading on the Dubai Financial Market on 15 February 2022 and it became a private company controlled by Hussain Sajwani. Its sukuk still trade, including a USD 750m issue from February 2025. Sukuk profit rates are the company’s borrowing cost, not a return to buyers.

In Dubai, into the project’s own escrow account, and the sale must be entered in the Interim Property Register through Oqood. In Ras Al Khaimah, RAK RERA oversees project escrow through trustee banks. Confirm the escrow account named in your agreement before paying the booking deposit.

Handover dates are developer-stated and set per phase. Your sale and purchase agreement sets the completion date and what happens if it is missed, so have your lawyer read those clauses before you pay. An off-plan townhouse or villa earns no rent until handover.

Read your sale and purchase agreement first, as it sets any conditions for selling before completion. In Dubai, any sale of an off-plan unit is void unless it is entered in the Interim Property Register.

Listing DAMAC here does not mean a partnership or endorsement. Developers may pay commission where that applies; how the service is paid is disclosed on the Disclosures page and confirmed to you in writing before you proceed. The checks on this page apply whoever sells to you.

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  • Every cost and payment stage set out
  • Why each option was chosen, and what to weigh
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