DAMAC Properties

Tier-1

DAMAC Properties is a leading luxury developer known for branded residences in partnership with fashion houses like Versace and Cavalli. They offer competitive pricing with aggressive payment plans and higher rental yields.

Dubai, United Arab Emirates

Established 2002

Official Website

Homes Delivered

~50,000 homes delivered globally

Units in Pipeline

40+ projects in pipeline

Data as of Jan 2025

Overview

DAMAC Properties is a leading luxury real estate developer in the Middle East, known for iconic branded residences in partnership with Versace, Cavalli, de Grisogono, and Paramount. With ~50,000 homes delivered and competitive pricing, DAMAC offers investors attractive yields and flexible payment plans.

Founded in 2002, DAMAC Properties has established itself as one of the UAE's premier luxury developers with a distinctive focus on branded living experiences. The company has delivered approximately 50,000 homes globally and maintains an impressive pipeline of 40+ projects. DAMAC is renowned for its partnerships with world-famous fashion and lifestyle brands, including Versace Home, Roberto Cavalli, de Grisogono, and Paramount Hotels & Resorts. Their flagship communities include DAMAC Hills, DAMAC Lagoons, and numerous towers in Business Bay. DAMAC is particularly popular among investors due to their aggressive payment plans (including post-handover options) and competitive entry prices that often yield higher rental returns compared to premium developers.

Portfolio

Projects in Database

Dubai

Active Projects

Currently selling

Top Area

Business Bay

12 projects

Most Common Plan

70/30

31% of projects

Insights

Top Areas

Project distribution in Dubai

Business Bay12 projects (27%)

DAMAC Hills10 projects (22%)

DAMAC Lagoons8 projects (18%)

Jumeirah Village Circle6 projects (13%)

Dubai Marina5 projects (11%)

View All Projects

Payment Plan Patterns

Based on 32 projects

70/30

31%10 projects

60/40

28%9 projects

Post-Handover

22%7 projects

80/20

13%4 projects

Other

6%2 projects

Most common plan: 70/30 (31%)

Payment plans may vary by project. Always confirm with developer.

Handover Timeline

Expected project deliveries by year

2025

19%

2026

31%

2027

28%

2028

16%

2029

Delivered

This Year

Upcoming

Property Mix

Types of properties offered in active projects

Apartment

55%

28 projects

Villa

24%

12 projects

Townhouse

14%

7 projects

Penthouse

4 projects

Price Insights

Based on 32 Active Projects

Minimum

AED 500K

25th Percentile

AED 750K

Median Price

AED 1.4M

75th Percentile

AED 2.8M

Maximum

AED 30.0M

Who Is This Developer For?

Ideal buyer profiles

End Users

Buyers seeking branded luxury residences (Versace, Cavalli)
Those looking for competitive pricing in premium locations
Buyers wanting flexible payment plans including post-handover

Investors

Investors seeking higher rental yields (7-9%)
Those looking for aggressive payment plans with less upfront capital
Buyers wanting branded residences for premium rental returns

Luxury Buyers

Those seeking designer interiors and branded experiences
Buyers wanting unique fashion-branded residences
Collectors of luxury lifestyle properties

May not be ideal if...

•Prioritizing resale value over rental yield
•Seeking established communities with schools and amenities
•Preferring understated, non-branded developments

Things to Verify Before Booking

Check specific handover dates as DAMAC has had some historical delays
Verify current payment plan terms and post-handover conditions
Confirm service charge estimates for the specific project
Review the actual branded elements included in the unit

Frequently Asked Questions About DAMAC Properties

Common questions from buyers

Yes, DAMAC is a publicly listed company (DFM) with ~50,000 homes delivered globally. While they have had some historical delays, they have improved their track record and continue to be a major player in Dubai's luxury market.