Off-plan
Harbour Lights by de GRISOGONO
DAMAC Properties
- Apartments
- 2 bed
- 2,051 sq ft
- Handover Q4 2027
- 5/55/40 plan
From AED 6.67M
Dubai Maritime City, Dubai
DAMAC Properties
Projects, delivery record and what to check before you reserve.
- Founded
- 2002
- Builds in
- Dubai, RAK, Abu Dhabi
- Developments we cover
- 26
- Prices from
- AED 680K
Pictured: Altitude de GRISOGONO by DAMAC Properties
DAMAC Properties' delivery record
Dubai's largest private developer, known for the DAMAC Hills and DAMAC Lagoons villa communities and for fashion- and sport-branded towers.
Completed landmarks
- DAMAC Hills
- Trump International Golf Club Dubai
- DAMAC Hills 2
- DAMAC Heights
- Ghalia
- Homes handed over (September 2026)
- 50,000+
- Homes in planning and development
- 55,000+
- Handover target for 2026
- 8,800+ homes
- Construction contracts awarded, H1 2026
- AED 10 billion+
- DAMAC projects on sale in our listings (13 November 2026)
- 26
- Founded
- 2002
- Builds in
- Dubai, Ras Al Khaimah, Abu Dhabi
- Segment
- Premium
- Headquarters
- Dubai, UAE
- Ownership
- Privately held by founder Hussain Sajwani. Listed on the Dubai Financial Market from 2015 and delisted in 2022 after he bought out the minority shareholders.
- Official site
- damacproperties.com
DAMAC Properties developments
26 developments in Dubai Maritime City, Business Bay and 9 other areas.
Off-plan
Altitude de GRISOGONO
DAMAC Properties
- Apartments
- 2 to 3 bed
- 1,457 to 4,242 sq ft
- Handover Q1 2028
- 5/55/40 plan
From AED 3.62M
Business Bay, Dubai
Off-plan
Golf Greens
DAMAC Properties
- Apartments
- 2 to 3 bed
- 1,228 to 4,948 sq ft
- Handover Q1 2028
- 5/45/50 plan
From AED 2.65M
DAMAC Hills, Dubai
Off-plan
Canal Heights de GRISOGONO
DAMAC Properties
- Apartments
- 3 to 4 bed
- 3,113 to 4,381 sq ft
- Handover Q2 2028
- 5/55/40 plan
From AED 12.46M
Business Bay, Dubai
Off-plan
DAMAC Riverside
DAMAC Properties
- Townhouses
- 5 bed
- 3,407 sq ft
- Handover Q2 2028
- 20/55/25 plan
From AED 4.34M
Dubai Investments Park, Dubai
Off-plan
Canal Heights 2 de GRISOGONO
DAMAC Properties
- Apartments
- 1 to 4 bed
- 1,043 to 4,666 sq ft
- Handover Q3 2028
- 5/55/40 plan
From AED 2.83M
Business Bay, Dubai
Off-plan
ELO
DAMAC Properties
- Apartments
- 2 bed
- 986 to 1,033 sq ft
- Handover Q3 2028
- 5/55/40 plan
From AED 1.4M
DAMAC Hills 2, Dubai
Off-plan
Shoreline by DAMAC
DAMAC Properties
- Apartments
- 2 bed
- 1,661 sq ft
- Handover Q3 2028
- 5/55/40 plan
From AED 4.53M
Al Marjan Island, Ras Al Khaimah
Off-plan
Couture by Cavalli
DAMAC Properties
- Apartments
- 3 to 5 bed
- 3,920 to 10,666 sq ft
- Handover Q4 2028
- 5/55/40 plan
From AED 21.9M
Business Bay, Dubai
All DAMAC Properties developments at a glance
| Development | Location | Homes | Handover | Price from |
|---|---|---|---|---|
| Harbour Lights by de GRISOGONODAMAC Properties | Dubai Maritime City | Apartments2 bed | Q4 2027 | AED 6.67M |
| Altitude de GRISOGONODAMAC Properties | Business Bay | Apartments2 to 3 bed | Q1 2028 | AED 3.62M |
| Golf GreensDAMAC Properties | DAMAC Hills | Apartments2 to 3 bed | Q1 2028 | AED 2.65M |
| Canal Heights de GRISOGONODAMAC Properties | Business Bay | Apartments3 to 4 bed | Q2 2028 | AED 12.46M |
| DAMAC RiversideDAMAC Properties | Dubai Investments Park | Townhouses5 bed | Q2 2028 | AED 4.34M |
| Canal Heights 2 de GRISOGONODAMAC Properties | Business Bay | Apartments1 to 4 bed | Q3 2028 | AED 2.83M |
| ELODAMAC Properties | DAMAC Hills 2 | Apartments2 bed | Q3 2028 | AED 1.4M |
| Shoreline by DAMACDAMAC Properties | Al Marjan Island | Apartments2 bed | Q3 2028 | AED 4.53M |
| Couture by CavalliDAMAC Properties | Business Bay | Apartments3 to 5 bed | Q4 2028 | AED 21.9M |
| DAMAC Bay 2 by CavalliDAMAC Properties | Dubai Harbour | Apartments2 to 4 bed | Q4 2028 | AED 8.89M |
| DAMAC Bay by CavalliDAMAC Properties | Dubai Harbour | Apartments, penthouses1 to 5 bed | Q4 2028 | AED 3.94M |
| DAMAC CasaDAMAC Properties | Dubai Media City | Apartments1 to 4 bed | Q4 2028 | AED 3M |
| ELO 2DAMAC Properties | DAMAC Hills 2 | Apartments2 bed | Q4 2028 | AED 1.37M |
| ELO 3DAMAC Properties | DAMAC Hills 2 | Apartments2 bed | Q4 2028 | AED 1.37M |
| DAMAC Lagoons District ValenciaDAMAC Properties | DAMAC Lagoons | Apartments1 bed | Q1 2029 | AED 1.57M |
| DAMAC Riverside ViewsDAMAC Properties | Dubai Investments Park | Apartments1 to 2 bed | Q1 2029 | AED 1.36M |
| Lagoon ViewsDAMAC Properties | DAMAC Lagoons | Apartments1 to 2 bed | Q1 2029 | AED 1.63M |
| VoltaDAMAC Properties | Sheikh Zayed Road | Apartments1 bed | Q2 2029 | AED 2.46M |
| DAMAC DistrictDAMAC Properties | DAMAC Hills | Apartments1 bed | Q3 2029 | AED 1.45M |
| DAMAC IslandsDAMAC Properties | DAMAC Islands | Townhouses5 bed | Q4 2029 | AED 3.93M |
| Safa GateDAMAC Properties | Sheikh Zayed Road | Apartments1 to 3 bed | Q4 2029 | AED 2.15M |
| Safa Two de GRISOGONODAMAC Properties | Sheikh Zayed Road | Apartments1 to 2 bed | Q4 2029 | AED 3.26M |
| Sorrento Lagoon ViewsDAMAC Properties | DAMAC Lagoons | ApartmentsStudio to 1 bed | Q1 2030 | AED 680K |
| Chelsea ResidencesDAMAC Properties | Dubai Maritime City | Apartments1 to 2 bed | Q2 2030 | AED 2.46M |
| DAMAC Islands 2DAMAC Properties | DAMAC Islands | Townhouses4 to 5 bed | Q4 2030 | AED 3.33M |
| AYKON City Tower CDAMAC Properties | Sheikh Zayed Road | Apartments1 bed | TBC | AED 1.43M |
Buying from DAMAC Properties
What to check before you reserve, and what they do well.
What to check before you buy
- The pipeline of more than 55,000 homes is larger than everything DAMAC has delivered to date. Its own chief project officer has said this needs close control of procurement, quality and contractors.
- About 6,300 homes are due at DAMAC Lagoons in 2026 alone, against roughly 513 in 2025. A wave of similar townhouses reaching the rental and resale market together can weigh on rents and prices for a time.
- Early projects in the mid-2000s were delivered late and drew complaints about finishes (Khaleej Times, June 2006). Ask for the completion history of the specific contractor and community.
- Private since 2022, so it no longer files quarterly results with the Dubai Financial Market. Buyers have less public financial information than they do for a listed developer.
- Branded towers carry a premium at launch. Check what the brand actually supplies after handover, whether interior design only or ongoing management, and what it adds to the service charge.
- DAMAC Hills 2 is in outer Dubailand, a long drive from the coast and the main business districts. Check drive times and what retail and schools are open before relying on rental demand.
What DAMAC Properties does well
- Scale and history: more than 50,000 homes handed over, by the company's count in September 2026.
- Completed communities to inspect. DAMAC Hills is about 85% completed and handed over, and DAMAC Hills 2 has about 11,000 finished homes.
- Construction funding is visibly committed: more than AED 10 billion of contracts were awarded in the first half of 2026.
- Wide price range, from townhouses in outer communities to branded towers on the Dubai Canal, with frequent new releases.
About DAMAC Properties
DAMAC Properties was founded by Hussain Sajwani in 2002, according to the company, as the property arm of a group whose roots go back to 1982. It listed on the Dubai Financial Market in 2015. In 2021 and 2022 Mr Sajwani, who already held about 72%, bought the remaining shares for AED 2.19 billion and took the company private. The delisting was criticised at the time by minority investors who felt the business was recovering. Family members Amira Sajwani and Ali Sajwani are managing directors.
DAMAC sells at volume across a wide price range in Dubai. Its master communities are DAMAC Hills (built around the Trump International Golf Club Dubai, which opened in 2017), DAMAC Hills 2, DAMAC Lagoons and the newer DAMAC Islands. It also builds towers in Business Bay, Downtown Dubai, Dubai Marina and along the Dubai Canal. Branding is central to how it sells: the company lists Roberto Cavalli, de GRISOGONO, Chelsea Football Club and Oracle Red Bull Racing among its partners. Group companies also develop outside the UAE, including a 50-storey tower at Nine Elms in London that topped out in 2019.
The delivery numbers are large. In September 2026 DAMAC said it had handed over more than 50,000 homes and had more than 55,000 in planning and development. It is targeting more than 8,800 handovers in 2026, of which about 6,300 are at DAMAC Lagoons, compared with about 513 there in 2025. It says DAMAC Hills is about 85% completed and handed over, and that it awarded more than AED 10 billion of construction contracts in the first half of 2026.
The record has rough patches. During Dubai's first boom, buyers of several early towers faced long delays. A 2006 Khaleej Times report listed projects running months or years behind, with one delivered 14 months late, alongside complaints about finishes. The company's later communities are far larger and more established, and its managing director said in 2026 that construction and handover timelines were on track despite the regional tensions early in the year.
DAMAC changes its payment terms from launch to launch and we have not found a published standard plan. Read the schedule in the sales offer for the specific project.
DAMAC Properties: questions buyers ask
Is DAMAC a reliable developer?
DAMAC is one of the most prolific builders in Dubai. It said in September 2026 that it had handed over more than 50,000 homes and was targeting more than 8,800 in 2026. Its early projects in the mid-2000s suffered long delays and quality complaints, and its current pipeline of more than 55,000 homes is a heavy load to deliver. It is privately owned, so it publishes less financial information than listed developers. Judge each project on its own stated handover date, construction progress and escrow arrangements.
Who owns DAMAC Properties?
DAMAC is privately owned by its founder, Hussain Sajwani, and his family. The company was listed on the Dubai Financial Market from 2015 until 2022, when Mr Sajwani bought out the minority shareholders for AED 2.19 billion and delisted it.
Where does DAMAC build?
In the UAE most of its residential projects are in Dubai. In November 2026 it was also selling homes at Shoreline by DAMAC on Al Marjan Island in Ras Al Khaimah and at Marina Bay on Al Reem Island in Abu Dhabi. The main master communities are DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons and DAMAC Islands, and it builds towers in Business Bay, Downtown Dubai, Dubai Marina and on the Dubai Canal. The wider group also develops in other countries, including the United Kingdom.
What payment plans does DAMAC offer?
DAMAC sets terms for each launch and changes them often, so there is no single standard plan to quote. Ask for the written payment schedule for the exact unit, check how much is due before handover, and confirm that instalments are paid into the project's escrow account. The development pages on this site show the plans we have verified.
What do DAMAC Properties properties cost?
Among the DAMAC Properties developments we cover, prices start from AED 680,000 at Sorrento Lagoon Views, with entry prices up to AED 21.9M at Couture by Cavalli.
Buying from DAMAC Properties?
Current availability, how their payment plans work, and which projects we rate.
- Current price list and availability, direct from the developer
- No fee to you on off-plan purchases: the developer pays us
- One salaried adviser, not on commission, from first call to handover
