What to know before buying from DAMAC Properties
- Homes delivered
- More than 50,000 (developer-stated)
- Control
- Private; Hussain Sajwani, Maple Invest
- Listed debt
- USD 750m sukuk, due August 2028
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.
- 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.
Where it builds
Most DAMAC homes are in Dubai master communities, handed over phase by phase. As at 16 September 2026.
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 
Villa with private pool, DAMAC Lagoons 
Villa living room, DAMAC Lagoons 
Apartment buildings along a canal, DAMAC Riverside 
Malibu Bay beach pool, DAMAC Hills 
Waterway through tropical landscaping, DAMAC Islands 2
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.
| 2002 | DAMAC Properties founded | Part of DAMAC Group, started by Hussain Sajwani in the early 1980s |
| April 2014 and April 2017 | Sukuk listed on Nasdaq Dubai | USD 650m, then USD 500m |
| 15 February 2022 | Shares stop trading on the Dubai Financial Market | Shareholders then approve conversion to a private joint stock company |
| March 2022 | Minority shareholders bought out | Maple Invest, wholly owned by Sajwani, who already held 72 per cent, offered AED 1.40 a share |
| February 2025 | USD 750m sukuk priced, due August 2028 | Issued for DAMAC Real Estate Development Ltd via Alpha Star Holding IX Ltd on Euronext Dublin; Ba2 (Moody’s) and BB (S&P) reported |
| First half of 2026 | Construction contracts over AED 10bn awarded (developer-stated) | More than 50,000 homes delivered to date, with over 55,000 in planning and development |
| 2026 | 8,800 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 |
Find the DAMAC home that fits your plans.
How DAMAC builds, and what that means for you
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.
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.
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.
Before you pay a DAMAC booking deposit
Name the phase and its date
Confirm the cluster or phase you are buying and the developer-stated handover date for that phase.
Check completion in DLD records
The 2026 handover figure does not show which buildings are finished. Look up your building or cluster.
Confirm where your money goes
In Dubai, confirm the project’s escrow account and that your sale is registered through Oqood.
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.
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.
Weighing another developer?
Each profile sets out where the developer builds, its public record and what to check before you buy.
Dubai · Abu DhabiSays it handles design, engineering and building services in-house
View Sobha profile
DubaiPart of Dubai Holding since 2024; waterfront and island communities
View Nakheel profile
DubaiMostly apartments, including branded residences
View Binghatti profile
DubaiApartment projects across Dubai, including Dubai Islands
View Imtiaz profile
Dubai · RAKDeveloper brand launched by OMNIYAT Group in 2024
View BEYOND profile
Dubai · RAKDesign-led developer founded in 2014
View Ellington profile
DubaiDubai Holding developer of City Walk, La Mer and d3 homes
View Meraas profileDubaiDubai developer since 2007; brought Four Seasons, Aman and Rosewood to Dubai and runs its own Eden House brand
View H&H profileDeveloper names are used only to identify each developer. Listing a developer here does not mean a partnership, endorsement or access to every project.
Six commitments behind every consultation.
How the firm is paid, and why it matters to youA purchase this size deserves someone who shows you the full picture, including what could go wrong, before you commit a deposit.
Every cost before you commit
Total price, registration fees and each payment stage, set out in your own currency before you pay anything.
Honest about fit
Up to three options, and fewer if fewer fit. If off-plan does not suit your plans, you are told plainly.
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.
Told how the firm is paid
Before you decide on anything, including whether a developer on your shortlist pays the firm.
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.
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.
Three steps, no obligation.
No account, no fee, no pressure to proceed. You decide whether to go further.
- 1
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
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
Discuss next steps
Talk to an adviser about the options, what to verify independently and what reserving involves. There is no pressure to proceed.
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.
Get your DAMAC shortlist, with every cost set out.
Receive up to three options that fit, each with its costs, payment stages and trade-offs explained.
- Every cost and payment stage set out
- Why each option was chosen, and what to weigh
- Free, with no obligation