DAMAC Properties built its name on luxury. It began in 2002 as the property development arm of DAMAC Group, the Dubai conglomerate that Hussain Sajwani founded in 1982. Across residential, commercial, and leisure projects, the company positions itself as the largest private developer in the UAE and the Middle East.
Branded residences are DAMAC's signature. The developer has teamed up with fashion and lifestyle names such as Cavalli, de GRISOGONO, and Chelsea Football Club to design homes, and it runs themed master communities including DAMAC Hills, DAMAC Lagoons, DAMAC Islands, and DAMAC Riverside. Its broader partnerships reach the Trump Organization, Paramount, Mandarin Oriental, Radisson, and Rotana.
The scale is substantial. DAMAC has handed over more than 50,000 homes and has over 54,000 units in progress and planning, spread across more than 100 million square feet of project area. In the UAE, it builds in Dubai, Abu Dhabi, and Ras Al Khaimah, and its international projects reach cities such as Riyadh, Toronto, and London.
| Detail | Information |
|---|---|
| Developer | DAMAC Properties |
| Formed | 2002 (property development arm of DAMAC Group) |
| Founder | Hussain Sajwani |
| Headquarters | Dubai, United Arab Emirates |
| Ownership | Privately held, part of DAMAC Group |
| Units Delivered | 50,000+ |
| Units in Progress and Planning | 54,000+ |
| Project Area (Planning and Progress) | 100+ million sq. ft. |
| Market Position | Described by the company as the largest private developer in the UAE and the Middle East. |
| Property Types | Apartments, Villas, Townhouses, Penthouses for sale, Hotel Apartments, Offices, Plots, and Retail |
| UAE Locations | Dubai, Abu Dhabi, Ras Al Khaimah |
| Notable Partnerships | Cavalli, de GRISOGONO, Chelsea FC, Trump, Paramount, Mandarin Oriental |
DAMAC's pull comes from a mix that is hard to find in one developer. The main points buyers weigh up:
| Detail | Information |
|---|---|
| Developer | DAMAC Properties |
| Formed | 2002 (property development arm of DAMAC Group) |
| Founder | Hussain Sajwani |
| Headquarters | Dubai, United Arab Emirates |
| Ownership | Privately held, part of DAMAC Group |
| Units Delivered | 50,000+ |
| Units in Progress and Planning | 54,000+ |
| Project Area (Planning and Progress) | 100+ million sq. ft. |
| Market Position | Described by the company as the largest private developer in the UAE and the Middle East. |
| Property Types | Apartments, Villas, Townhouses, Penthouses, Hotel Apartments, Offices, Plots, and Retail |
| UAE Locations | Dubai, Abu Dhabi, Ras Al Khaimah |
| Notable Partnerships | Cavalli, de GRISOGONO, Chelsea FC, Trump, Paramount, Mandarin Oriental |
Content Reviewed By: Vikas Taneja-RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
Its branded, design-led approach. DAMAC builds homes in partnership with fashion and lifestyle names such as Cavalli, de GRISOGONO, and Chelsea Football Club, and it runs large themed master communities like DAMAC Lagoons and DAMAC Islands. That premium, brand-driven positioning is its main point of difference in Dubai.
They occupy a premium tier. A branded residence carries a design name and usually comes with distinctive interiors and amenities, which can appeal to buyers after a differentiated home for lifestyle or rental. Weigh the specific tower's price, service charges, and rental demand before you decide.
DAMAC has been building since 2002 and has handed over more than 50,000 homes, with over 54,000 units in progress and planning. That volume, together with its DAMAC Group backing, places it among the more established private developers in the region, offering a wide range of apartments for sale across its master communities.
Yes. DAMAC develops in Dubai's freehold zones, where overseas buyers can hold full ownership in their own name rather than on a lease. Check the title terms of the individual project before you sign.
A home valued at AED 2 million or more can open the door to the 10-year UAE Golden Visa. The value recorded by the Dubai Land Department is what counts, and off-plan, ready, or mortgaged units can all qualify at that level.
No. Dubai applies no personal income tax to rent or capital gains. The main cost to plan for is the one-off 4% Dubai Land Department fee at registration, plus service charges once you own the unit.
For off-plan launches, DAMAC usually splits the price into instalments through construction, leaving a portion for handover. Each project sets its own schedule, so confirm the current plan for the tower or community you are looking at.
Its biggest master communities include DAMAC Hills and DAMAC Hills 2, alongside newer themed developments such as DAMAC Lagoons, DAMAC Islands, and DAMAC Riverside.
Inside the UAE, DAMAC builds in Dubai, Abu Dhabi, and Ras Al Khaimah. Internationally, its footprint reaches cities including Riyadh, Toronto, and London.
Yes. A purchase can be completed remotely through reservation, sale agreement, and payment against the plan. Ask the developer for the current document list for buyers based abroad.