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REAL ESTATE
Volume52 projects on sale

DAMAC

DAMAC Properties is the real estate development arm of the DAMAC group, founded in Dubai in 2002 by Emirati entrepreneur Hussain Sajwani. The developer focuses on high-end residential property, from city towers to large master-planned communities such as DAMAC Hills, DAMAC Hills 2 and DAMAC Lagoons, often with partner brands (Cavalli, de GRISOGONO, Chelsea FC). According to its website, more than 50,000 homes have been delivered and more than 54,000 are under construction or in planning.

Founded
2002
Projects delivered (DLD)
94
Homes delivered (DLD)
25,680
Median resale vs off-plan gap
-9%
Official website ↗

Profile

Founded
2002 source ↗
Founder
Hussain Sajwanisource ↗
Headquarters
DAMAC Executive Heights, Barsha Heights, Dubaisource ↗
Group
Private company controlled by Hussain Sajwani, delisted from the DFM in 2022source ↗
Presence
United Arab Emirates · Saudi Arabia · Qatar · Jordan · Lebanon · Iraq · Maldives · United Kingdom · United States · Canada
Delivered, according to the developer
50,000+ homes (2026)source ↗
Under development, according to the developer
54,000+ homes under construction (2026)source ↗

Published figures

  • AED 36bn (≈ EUR 8.87bn)

    Property sales (Gulf News) (2025)source ↗

  • AED 11bn (≈ EUR 2.71bn) in five hours

    DAMAC Islands 2 launch sales, November (Gulf News) (2025)source ↗

  • 8,800

    Homes to be handed over to buyers in Dubai (2026)source ↗

Landmark projects

  • DAMAC Hills
  • DAMAC Hills 2
  • DAMAC Heights
  • Ocean Heights
  • Paramount Tower Hotel & Residences

Key dates

  1. 2002

    Hussain Sajwani founds DAMAC Properties.source ↗

  2. 2013

    Global depositary receipts (GDRs) listed on the London Stock Exchange.source ↗

  3. 2015

    Listing moves to the Dubai Financial Market (12 January).source ↗

  4. 2022

    Delisting from the DFM after Hussain Sajwani's buyout offer.source ↗

  5. 2024

    DAMAC Islands launch: over AED 10.2bn (≈ EUR 2.51bn) in sales in under 24 hours.source ↗

  6. 2024

    Guinness World Records: highest revenue from a property launch in a single day (DAMAC Islands).source ↗

In the Dubai Land Department registry

What the DLD's open data on projects, sales and leases says about the projects registered to the developer and its companies.

Registered projects

160

94 delivered52 under construction14 other (not started, frozen)

Homes delivered

25,680

Homes under construction

14,856

Average progress of ongoing projects: 18%

Median construction time

47 months

In the registry for

20 years

2006

Sales registered on its projects

69,853

Its sales, year by year

Apartment and villa sales registered on the developer's projects. The line tracks the median price per square foot of apartments (for a villa, the registry area is the plot).

Off-plan Ready (resale) Median price / sq ft, apartments

Median apartment price on its projects: AED 1,384/sq ft (≈ EUR 3,670 per m²) in 2015, AED 1,518/sq ft (≈ EUR 4,030 per m²) in 2026.

What buyers of its delivered projects have seen

For each delivered project, we compare the median price per square foot of apartments paid off-plan with the median price of their resales over the last 24 months, and the median rent of apartment Ejari leases signed over 12 months with that resale price.

Median gap, resale vs off-plan

−9%

out of 54 measurable projects

Per year (median)

−0.7%

Projects reselling above their off-plan price

30%

out of 54 measurable projects

Median gross rental yield

7.6%

55 delivered projects with leases

Sort by
ProjectDeliveredOff-plan / sq ftResale / sq ftGap/ yrGross yield
VERA TOWERBusiness Bay20221,5322,150+40%+4.6%5.9%
EMIRATES GARDEN I - GARDENIAAl Barsha South Fourth2010641778+21%+1.2%8.8%
DAMAC HILLS - GOLF GATEAl Hebiah Third20241,2601,520+21%+6.9%7.1%
REVA RESIDENCESBusiness Bay20221,6832,019+20%+2.9%7%
EMIRATES GARDEN I - ROSE 1Al Barsha South Fourth2010693775+12%+0.7%8.6%
THE CRESCENTMe'Aisem First2008721802+11%+0.6%9.2%
DAMAC HILLS - GOLF VITAAl Hebiah Third20211,3481,471+9%+1.2%7.9%
AYKON CITY 2Business Bay20231,7681,906+8%+1.3%6.6%
DAMAC HILLS - CARSONAl Hebiah Third20221,2621,357+8%+0.8%7.6%
OCEAN HEIGHTSMarsa Dubai20101,4911,548+4%+0.2%5.9%

Past observations based on medians per square foot, to give you a concrete benchmark: not a valuation of any property, not a forecast and not a promise of return. Price gaps are gross, before purchase costs (4% DLD fee, commissions) and resale costs; the yield is gross, before service charges, vacancy and management.

Its projects under construction

ProjectLaunchedHomesOff-plan / sq ftProgress
AYKON CITY 3Business Bay20191,2942,34731%
DAMAC BAYMarsa Dubai20231,0873,89034%
CHELSEA RESIDENCES 2 BY DAMACMadinat Dubai Almelaheyah20259583,1835%
DAMAC RIVERSIDE VIEWS - CAPRI 1Dubai Investment Park Second20258241,4478%
DAMAC DISTRICTAl Hebiah Third20261,1391,8194%
DAMAC RIVERSIDE - LUSHDubai Investment Park Second2024——42%
DAMAC RIVERSIDE VIEWS - AZURE 2Dubai Investment Park Second20257201,4556%
DAMAC BAY 2Marsa Dubai20236464,25130%

Its projects on sale with SwissPro360

Information taken from the official website of the developer, an agency partner. Prices and availability move quickly: before any booking, an advisor confirms them to you in writing.

Where DAMAC's available projects are

One marker per area, larger where projects are numerous. Click a marker to see its projects. Only projects still on sale, launching or under construction: never sold-out projects.

42 available projects in 9 areas

E11E44E311Arabian GulfNDAMAC Lagoons : 11 available projects11DAMAC Hills : 7 available projects7DAMAC Hills 2 : 7 available projects7Business Bay : 6 available projects6Dubai Maritime City : 3 available projects3DAMAC Islands : 2 available projects2Dubai Harbour : 2 available projects2Dubai Investment Park : 2 available projects2Palm Jumeirah : 2 available projects2
Indicative position: the centre of the area, not the project's address.

DAMAC Lagoons

11 available projects

The area: prices paid, rents, yields →
5 other projects off the map
Method and sources
  • Projects: DLD project registry. A project is attributed to the developer when the company holding it in the registry belongs to its group (company name or known project company). Projects by other developers built in its communities are not attributed to it.
  • Sales and prices: DLD transaction registry. Volumes count apartments and villas; prices per square foot, gaps and yields cover apartments only, offices, shops and hotel rooms excluded, because a villa's area in the registry is its plot (1 m² = 10.764 sq ft). 'Off-plan' covers first sales and resales before handover.
  • Resale vs off-plan gap: only for delivered projects with at least 10 off-plan sales and 10 resales over 24 months. The annual equivalent runs between the median date of off-plan sales and that of resales.
  • Rents: residential Ejari leases for a single apartment, signed over 12 months, at least 10 per project.
  • Profile facts: official websites, annual reports, press releases and aggregators (Propsearch, etc.), each linked to its source. Figures 'according to the developer' are quoted as published: the registry cannot confirm them.

Computed by SwissPro360 from DLD open data, up to 12 November 2026.

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