DAMAC
About DAMAC
DAMAC Properties, founded in 2002 by Hussain Sajwani, has established itself as a leading developer of luxury property in Dubai. Its best-known projects include DAMAC Hillsa master-planned golf community with the Trump International Golf Club Dubai, and DAMAC Heightsa 335 metre high residential tower in the Dubai Marina with a view of the Palm Jumeirah.
DAMAC's target group comprises discerning buyers who value luxury living. The company specialises in the development of high-quality residential, commercial and leisure properties and works with renowned brands such as Versace Home and Fendi Casa together to create unique habitats.
With over 46,000 units completed by June 2023 and a further 33,000 under development
DAMAC continues to set standards in the luxury property sector.
Name:
DAMAC Properties
Projects:
100+
Target group:
Middle class
Prices:
from € 240,000
Payment plan
80/20
Post-handover plan
–
Completed projects
Property prices at DAMAC
DAMAC Properties offers a wide range of properties in Dubai, with prices varying according to location, size and amenities. In up-and-coming residential neighbourhoods such as DAMAC Hills 2 modern townhouses with two or three bedrooms are already available for under € 500,000 available.
More luxurious properties, such as the villas in the exclusive DAMAC Islands community, start at approx. 636,000 €.
Prices may vary depending on the specific project and market conditions.
Advantages and disadvantages
When buying DAMAC properties
Advantages
Diverse property portfolio
DAMAC offers a wide range of properties, including flats, villas and townhouses, in various locations and price ranges, giving buyers a choice to suit their preferences and budgets.
Luxurious furnishings
Many of DAMAC's projects are characterised by high-quality materials and luxurious designs, often in collaboration with renowned brands such as Fendi Casa and Paramount Hotels & Resorts, which gives the properties an exclusive character.
Attractive payment plans
DAMAC offers flexible payment plans that allow buyers to spread the financial burden over a longer period of time, making the purchase of a property more accessible.
High rental yields
Investments in DAMAC properties can offer attractive rental yields, especially in sought-after locations, which makes them interesting for investors.
Disadvantages
Location-dependent infrastructure
Some DAMAC projects are located in areas where the infrastructure is still under construction, which can lead to restrictions in the availability of services and amenities.
Traffic load
In certain DAMAC communities, traffic congestion can occur at peak times, which can affect accessibility.
Possible construction delays
As with many large property developers, DAMAC projects can also experience delays in completion, which can delay the planned use or letting of the property.
Invest in Dubai now
- 8-10% Yield through high rents
- Currently still low property prices
- High potential for value appreciation
More information about DAMAC
Payment plans
DAMAC Properties offers Flexible payment plansthat make it easier for buyers to finance their dream property in Dubai. With options such as low down payments and staggered instalments beyond the construction period, investors can adjust their payments.
DAMAC also frequently offers post-handover plans, where part of the costs are paid after the property has been handed over. These models make entering the Dubai property market attractive and affordable - ideal for first-time buyers and experienced investors.
Future plans
DAMAC Properties is planning the development of DAMAC Islandsa tropical-inspired oasis in the heart of Dubailand. This project, which was unveiled on 19 November 2024, is the third and largest master community of the company this year.
DAMAC is also expanding internationally and investing 400 million euros in a data centre in Madrid, which is scheduled to go into operation in 2026.
These initiatives underline DAMAC's commitment, Innovative living spaces and strengthen its global presence.
Sustainability
DAMAC Properties is committed to environmental protection and pursues a comprehensive ESG strategy (Environmental, Social, Governance). This includes reducing the ecological footprint, optimising energy and water consumption and promoting recycling and waste avoidance.
In November 2023, DAMAC received an ESG risk score of 18.3 points from Sustainalytics, signalling a low overall ESG risk.
DAMAC is also involved in the community, Promotes diversity and Inclusion and attaches great importance to ethical business practices.
Reputation
DAMAC Properties enjoys a significant reputation in the Middle East property sector, particularly for the development of luxury properties. The company has Numerous prestigious projects including DAMAC Hills and Akoya Oxygen, which are known for their high-quality construction and luxurious amenities.
DAMAC is a major player in the property sector, recognised for its innovative designs and luxury developments.
International
DAMAC Properties has expanded its international presence through numerous projects worldwide. In London, the company realised the DAMAC Tower Nine Elmsa 50-storey residential building with interior design by Versace Home.
In Saudi Arabia, DAMAC developed the Al Jawharah Tower in Jeddah, an award-winning residential tower on the famous Corniche.
DAMAC is also planning to build a data centre in Madrid with an investment of 400 million euros, which is scheduled to go into operation in 2026.
These international projects underline DAMAC's commitment to developing first-class properties worldwide.
Deutsch 
English (UK)