---
title: "DAMAC Properties"
canonical: https://www.uaepropertyagents.com/developers/damac
markdown: https://www.uaepropertyagents.com/md/developers/damac.md
type: developer
description: "Dubai's largest private developer, known for the DAMAC Hills and DAMAC Lagoons villa communities and for fashion- and sport-branded towers."
last_verified: 2026-11-13
sources: 5
publisher: "UAE Property Agents (Omnia)"
language: en-GB
usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting."
---

# DAMAC Properties: developer profile

> Dubai's largest private developer, known for the DAMAC Hills and DAMAC Lagoons villa communities and for fashion- and sport-branded towers.

Facts last verified 13 November 2026 against the sources listed at the end.

## Key facts

| Fact | Value |
| --- | --- |
| Founded | 2002 |
| 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. |
| Website | https://www.damacproperties.com |
| Market segment | premium |
| Builds in | Dubai, Ras Al Khaimah, Abu Dhabi |
| Developments covered | 26 |
| Wikidata | [Q5204252](https://www.wikidata.org/wiki/Q5204252) |
| 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 |

## Overview

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.

## Strengths

- 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.

## Considerations for buyers

- 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.

## Notable completed projects

- DAMAC Hills
- Trump International Golf Club Dubai
- DAMAC Hills 2
- DAMAC Heights
- Ghalia

## Current developments

- [Harbour Lights by de GRISOGONO](https://www.uaepropertyagents.com/dubai/dubai-maritime-city/harbour-lights-de-grisogono): DAMAC Properties; Dubai Maritime City, Dubai; under construction; handover Q4 2027; from AED 6,666,000 (as of 2026-11-13)
- [Altitude de GRISOGONO](https://www.uaepropertyagents.com/dubai/business-bay/altitude-de-grisogono): DAMAC Properties; Business Bay, Dubai; under construction; handover Q1 2028; from AED 3,621,000 (as of 2026-11-13)
- [Golf Greens](https://www.uaepropertyagents.com/dubai/damac-hills/golf-greens): DAMAC Properties; DAMAC Hills, Dubai; under construction; handover Q1 2028; from AED 2,650,000 (as of 2026-11-13)
- [Canal Heights de GRISOGONO](https://www.uaepropertyagents.com/dubai/business-bay/canal-heights-de-grisogono): DAMAC Properties; Business Bay, Dubai; under construction; handover Q2 2028; from AED 12,460,000 (as of 2026-11-13)
- [DAMAC Riverside](https://www.uaepropertyagents.com/dubai/dubai-investments-park/damac-riverside): DAMAC Properties; Dubai Investments Park, Dubai; under construction; handover Q2 2028; from AED 4,337,000 (as of 2026-11-13)
- [Canal Heights 2 de GRISOGONO](https://www.uaepropertyagents.com/dubai/business-bay/canal-heights-2-de-grisogono): DAMAC Properties; Business Bay, Dubai; under construction; handover Q3 2028; from AED 2,828,000 (as of 2026-11-13)
- [ELO](https://www.uaepropertyagents.com/dubai/damac-hills-2/elo): DAMAC Properties; DAMAC Hills 2, Dubai; under construction; handover Q3 2028; from AED 1,397,000 (as of 2026-11-13)
- [Shoreline by DAMAC](https://www.uaepropertyagents.com/ras-al-khaimah/al-marjan-island/shoreline-by-damac): DAMAC Properties; Al Marjan Island, Ras Al Khaimah; under construction; handover Q3 2028; from AED 4,534,000 (as of 2026-11-13)
- [Couture by Cavalli](https://www.uaepropertyagents.com/dubai/business-bay/couture-by-cavalli): DAMAC Properties; Business Bay, Dubai; under construction; handover Q4 2028; from AED 21,904,000 (as of 2026-11-13)
- [DAMAC Bay 2 by Cavalli](https://www.uaepropertyagents.com/dubai/dubai-harbour/damac-bay-2-by-cavalli): DAMAC Properties; Dubai Harbour, Dubai; under construction; handover Q4 2028; from AED 8,886,000 (as of 2026-11-13)
- [DAMAC Bay by Cavalli](https://www.uaepropertyagents.com/dubai/dubai-harbour/damac-bay-by-cavalli): DAMAC Properties; Dubai Harbour, Dubai; under construction; handover Q4 2028; from AED 3,939,000 (as of 2026-11-13)
- [DAMAC Casa](https://www.uaepropertyagents.com/dubai/dubai-media-city/damac-casa): DAMAC Properties; Dubai Media City, Dubai; under construction; handover Q4 2028; from AED 2,997,000 (as of 2026-11-13)
- [ELO 2](https://www.uaepropertyagents.com/dubai/damac-hills-2/elo-2): DAMAC Properties; DAMAC Hills 2, Dubai; under construction; handover Q4 2028; from AED 1,374,000 (as of 2026-11-13)
- [ELO 3](https://www.uaepropertyagents.com/dubai/damac-hills-2/elo-3): DAMAC Properties; DAMAC Hills 2, Dubai; under construction; handover Q4 2028; from AED 1,372,000 (as of 2026-11-13)
- [DAMAC Lagoons District Valencia](https://www.uaepropertyagents.com/dubai/damac-lagoons/damac-lagoons-district-valencia): DAMAC Properties; DAMAC Lagoons, Dubai; launched; handover Q1 2029; from AED 1,567,000 (as of 2026-11-13)
- [DAMAC Riverside Views](https://www.uaepropertyagents.com/dubai/dubai-investments-park/damac-riverside-views): DAMAC Properties; Dubai Investments Park, Dubai; under construction; handover Q1 2029; from AED 1,364,000 (as of 2026-11-13)
- [Lagoon Views](https://www.uaepropertyagents.com/dubai/damac-lagoons/lagoon-views): DAMAC Properties; DAMAC Lagoons, Dubai; under construction; handover Q1 2029; from AED 1,625,000 (as of 2026-11-13)
- [Volta](https://www.uaepropertyagents.com/dubai/sheikh-zayed-road/volta): DAMAC Properties; Sheikh Zayed Road, Dubai; under construction; handover Q2 2029; from AED 2,457,000 (as of 2026-11-13)
- [DAMAC District](https://www.uaepropertyagents.com/dubai/damac-hills/damac-district): DAMAC Properties; DAMAC Hills, Dubai; under construction; handover Q3 2029; from AED 1,447,000 (as of 2026-11-13)
- [DAMAC Islands](https://www.uaepropertyagents.com/dubai/damac-islands/damac-islands-phase-1): DAMAC Properties; DAMAC Islands, Dubai; under construction; handover Q4 2029; from AED 3,930,000 (as of 2026-11-13)
- [Safa Gate](https://www.uaepropertyagents.com/dubai/sheikh-zayed-road/safa-gate): DAMAC Properties; Sheikh Zayed Road, Dubai; under construction; handover Q4 2029; from AED 2,149,000 (as of 2026-11-13)
- [Safa Two de GRISOGONO](https://www.uaepropertyagents.com/dubai/sheikh-zayed-road/safa-two-de-grisogono): DAMAC Properties; Sheikh Zayed Road, Dubai; under construction; handover Q4 2029; from AED 3,263,000 (as of 2026-11-13)
- [Sorrento Lagoon Views](https://www.uaepropertyagents.com/dubai/damac-lagoons/sorrento-lagoon-views): DAMAC Properties; DAMAC Lagoons, Dubai; launched; handover Q1 2030; from AED 680,000 (as of 2026-11-13)
- [Chelsea Residences](https://www.uaepropertyagents.com/dubai/dubai-maritime-city/chelsea-residences): DAMAC Properties; Dubai Maritime City, Dubai; under construction; handover Q2 2030; from AED 2,457,000 (as of 2026-11-13)
- [DAMAC Islands 2](https://www.uaepropertyagents.com/dubai/damac-islands/damac-islands-2): DAMAC Properties; DAMAC Islands, Dubai; under construction; handover Q4 2030; from AED 3,329,000 (as of 2026-11-13)
- [AYKON City Tower C](https://www.uaepropertyagents.com/dubai/sheikh-zayed-road/aykon-city-tower-c): DAMAC Properties; Sheikh Zayed Road, Dubai; under construction; from AED 1,434,000 (as of 2026-11-13)

## Questions and answers

### 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](https://www.uaepropertyagents.com/dubai/damac-lagoons/sorrento-lagoon-views), with entry prices up to AED 21.9M at Couture by Cavalli.

## Sources

Facts on this page were last checked against these sources on 13 November 2026.

- [Khaleej Times: Damac crosses 50,000 home handovers, targets 8,800 more in 2026 (1 September 2026)](https://www.khaleejtimes.com/business/dubai-developer-damac-crosses-50000-home-handovers-targets-8800-more-in-2026)
- [Zawya (DAMAC press release): handover of 8,800 units in 2026](https://www.zawya.com/en/press-release/companies-news/damac-properties-announces-the-handover-of-8800-units-in-2026-400684)
- [Khaleej Times: Damac investors lash out over construction delays (2 June 2006)](https://www.khaleejtimes.com/uae/damac-investors-lash-out-over-construction-delays)
- [Wikipedia: DAMAC Properties (listing, delisting, projects)](https://en.wikipedia.org/wiki/DAMAC_Properties)
- [DAMAC Properties: projects with available inventory (checked 13 November 2026)](https://www.damacproperties.com/en/search/?type=project&onlyAvailable=true)

---

Source page: https://www.uaepropertyagents.com/developers/damac. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.