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DAMAC Properties — Dubai Developer

Dubai Developer

DAMAC Properties

DAMAC Properties is a privately owned Dubai developer founded in 2002 by Hussain Sajwani, who remains its chairman. It builds…

ABOUT

DAMAC Properties Overview

DAMAC Properties is a privately owned Dubai developer founded in 2002 by Hussain Sajwani, who remains its chairman. It builds master-planned villa and townhouse communities in Dubailand alongside apartment towers, many of them branded through design or hospitality partners. The company was listed on the Dubai Financial Market until 2022, when Sajwani took it private. According to the developer, it has delivered around 50,000 homes since 2002 and had more than 54,000 under construction as of January 2026.

Its largest communities are DAMAC Hills, built around the Trump International Golf Club Dubai; DAMAC Hills 2, originally launched as Akoya Oxygen; and DAMAC Lagoons, a villa and townhouse community arranged around lagoon-themed clusters. DAMAC Islands, launched in 2024, and DAMAC Islands 2, launched in November 2025, are further villa and townhouse masterplans in the Al Yalayis area of Dubailand. Tower projects include Safa One and Safa Two with Swiss jeweller de GRISOGONO, Cavalli Tower, DAMAC Towers by Paramount and Chelsea Residences in Dubai Maritime City.

Most new DAMAC homes are sold off-plan on staged payment plans. Before paying a deposit, check the project's registration with the Dubai Land Department, the escrow account details and construction progress, and read the sale and purchase agreement for the handover date and any late-delivery terms.

USEFUL INFORMATION

Things You Should Know

DAMAC Properties is the residential development business of the DAMAC Group, which is chaired by its founder, Hussain Sajwani. The company develops apartments, townhouses and villas, mostly in Dubai, and sells a large share of them off-plan.

It reported AED 36 billion of property sales in 2025, which Gulf News described as the highest among Dubai's private developers (January 2026). DAMAC also runs a hospitality arm, DAMAC Hotels & Resorts, which manages serviced apartments and hotel rooms in several of its towers.

Outside the UAE, DAMAC has built DAMAC Tower Nine Elms in London and in 2025 launched the first phase of DAMAC Hills Baghdad in Iraq.

Item

Detail

Founded

2002

Founder and chairman

Hussain Sajwani

Ownership

Privately owned; delisted from the Dubai Financial Market in 2022

Homes delivered

About 50,000 since 2002 (developer figure, January 2026)

Under construction

More than 54,000 units (developer figure, January 2026)

2025 sales

AED 36 billion (reported January 2026)

Planned 2026 handovers

8,800 units across DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons and two towers (developer announcement)

Main Dubai communities

DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, DAMAC Islands, DAMAC Islands 2, DAMAC Sun City

Company figures are as published by DAMAC and may change; check the latest release before relying on them.

  • Apartments: studios to large penthouses in towers such as Safa One, Safa Two, Cavalli Tower and Chelsea Residences, and in low-rise buildings inside its communities.

  • Townhouses: the main product in DAMAC Hills 2, DAMAC Lagoons and the DAMAC Islands masterplans.

  • Villas: detached homes in DAMAC Hills, DAMAC Lagoons and DAMAC Islands, including golf-facing villas at DAMAC Hills.

  • Serviced and hotel apartments: units in towers managed by DAMAC Hotels & Resorts.

Unit sizes, layouts and finishes differ by project and phase, so compare the floor plan and specification for the exact unit rather than the brand.

Most DAMAC launches are sold off-plan. Under Dubai's escrow law, buyer payments for off-plan units go into a project escrow account registered with the Dubai Land Department, and the sale is recorded on Oqood, the DLD's interim register for off-plan property.

DAMAC also sells completed units from its own inventory, and ready homes in its communities trade on the resale market. Its branded projects pair a tower or cluster with a partner name, for example de GRISOGONO (Safa One and Safa Two), Roberto Cavalli (Cavalli Tower), Paramount (DAMAC Towers by Paramount) and Chelsea Football Club (Chelsea Residences). Branding usually affects interiors and services rather than building ownership, which stays with the developer and buyers.

Payment plans, handover dates and any developer incentives are set per launch; confirm them in writing for the specific unit.

The table below lists DAMAC's main Dubai communities and towers. Status reflects published developer and press information; confirm current availability, prices and handover dates for any unit before buying.

Project

Location

Main property types

Notes

DAMAC Hills

Dubailand

Villas, townhouses, apartments

Golf community around Trump International Golf Club Dubai; DAMAC District launched here in 2025

DAMAC Hills 2

Dubailand

Townhouses, villas, apartments

Originally launched as Akoya Oxygen; handovers continuing in 2026

DAMAC Lagoons

Dubailand, near DAMAC Hills

Townhouses, villas

Clusters named after Mediterranean destinations; handovers in 2026

DAMAC Islands

Al Yalayis, Dubailand

Townhouses, villas

Launched 2024

DAMAC Islands 2

Dubailand

Townhouses, villas

Launched November 2025

DAMAC Sun City

Dubailand

Townhouses, villas

Announced October 2024 as DAMAC's fifth master community

Riverside and Riverside Views

Dubai

Apartments, townhouses

Riverside launched 2024; Riverside Views launched January 2025

Safa One and Safa Two

Sheikh Zayed Road, Al Safa

Apartments

Twin-tower projects with de GRISOGONO

Cavalli Tower

Dubai Marina

Apartments

Topped out; Cavalli-branded residences

Chelsea Residences

Dubai Maritime City

Apartments

Launched 2025 with Chelsea Football Club

DAMAC Towers by Paramount

Business Bay

Hotel, serviced and residential apartments

Four-tower development

COMMON QUESTIONS

Frequently Asked Questions

DAMAC Properties is a privately owned Dubai real estate developer founded in 2002 by Hussain Sajwani. It builds apartments, townhouses and villas, mainly in Dubai, and is known for large villa communities such as DAMAC Hills, DAMAC Lagoons and DAMAC Islands and for towers branded with partners such as de GRISOGONO and Roberto Cavalli.
Hussain Sajwani founded DAMAC Properties in 2002 and is its chairman. His children Ali Sajwani and Amira Sajwani hold managing director roles in the business, according to recent company releases.
No. DAMAC is a private company controlled by Hussain Sajwani. It was listed on the Dubai Financial Market until 2022, when Sajwani completed a buyout and the shares were delisted. Its projects are still regulated by the Dubai Land Department and RERA like those of any other developer.
DAMAC has a long delivery record, with around 50,000 homes handed over since 2002 according to the company. Whether a DAMAC unit suits you depends on the specific project: check its DLD registration and escrow account, construction progress, payment plan, expected service charges and the handover and late-delivery terms in the sale and purchase agreement.
DAMAC Hills is a master-planned community in Dubailand built around the Trump International Golf Club Dubai. It has villas, townhouses and apartment buildings, along with schools, retail and parks, and DAMAC launched its DAMAC District project there in 2025.
DAMAC Sun City is a townhouse and villa community in Dubailand, announced in October 2024 as DAMAC's fifth master community. It is marketed around outdoor and wellness amenities; confirm unit types, payment plan and handover date for each phase with the developer.
The Dubai Land Department charges a registration fee of 4% of the purchase price. For off-plan homes the sale is registered on Oqood, the DLD's interim register, and administrative fees are charged on top of the 4%. Some developers cover part of the fee as a launch incentive, so confirm the exact amounts and who pays them in your sale and purchase agreement.
DAMAC Hills 2 is a townhouse, villa and apartment community in Dubailand, originally launched as Akoya Oxygen. It is further from central Dubai than DAMAC Hills, along Al Qudra Road. DAMAC lists it among the communities with handovers in 2026.
DAMAC Lagoons is a townhouse and villa community near DAMAC Hills in Dubailand, arranged in clusters named after Mediterranean destinations and built around lagoon-style water features. DAMAC lists it among the communities with handovers in 2026.
DAMAC Islands is a townhouse and villa masterplan in the Al Yalayis area of Dubailand, launched in 2024 with clusters named after tropical islands. DAMAC Islands 2 followed in November 2025. Both are off-plan, so handover dates should be checked phase by phase.
DAMAC has partnered with several brands on residential projects, including de GRISOGONO (Safa One and Safa Two), Roberto Cavalli (Cavalli Tower), Paramount (DAMAC Towers by Paramount) and Chelsea Football Club (Chelsea Residences). Its golf community at DAMAC Hills operates as Trump International Golf Club Dubai. The brand affects design and services; ownership terms are set in each sale agreement.
Safa One is a DAMAC residential tower on Sheikh Zayed Road in Al Safa, developed with Swiss jeweller de GRISOGONO, whose design cues appear in its interiors. It overlooks Safa Park and contains apartments and penthouses.
Safa Two is DAMAC's second de GRISOGONO tower on Sheikh Zayed Road near Safa Park, launched after Safa One. It is a twin-tower apartment project; check the current construction stage and handover date with the developer before buying.
It is the 18-hole golf course at the centre of DAMAC Hills, opened in 2017 and operated under the Trump brand. Homes overlooking the course form part of the DAMAC Hills community.
Both are large Dubai developers, but their structures differ. Emaar is listed on the Dubai Financial Market and is the master developer of areas such as Downtown Dubai and Dubai Hills Estate. DAMAC is privately owned, focuses heavily on Dubailand villa communities and branded towers, and sells most new homes off-plan. Compare individual projects on location, build quality, service charges and payment terms rather than the developer name alone.
There is no fixed minimum. Prices depend on the project, unit type, size and launch phase, and change over time. Ask for the current price list and payment plan for the specific unit you are considering.
There is no single yield for DAMAC properties. Rental returns depend on the community, unit type, purchase price, service charges and vacancy. Estimate a yield from current rents for comparable units in the same building or cluster, and check the DLD rental index and service charge index before buying.
DAMAC sells most launches on staged payment plans, typically with a deposit at booking, instalments during construction and a balance on or after handover. The split and timing differ by project and may change between phases, so confirm the plan in the sale and purchase agreement.
Yes. Under Dubai Law No. 7 of 2006, non-UAE nationals can own freehold property in areas designated by the government, and DAMAC's Dubai communities are in freehold areas. Foreign buyers can pay in cash or use a UAE mortgage, subject to the lender's criteria; off-plan purchases are usually paid in instalments to the developer.
Yes. DAMAC has completed DAMAC Tower Nine Elms in London and launched the first phase of DAMAC Hills Baghdad in Iraq in 2025, alongside projects in other markets. Most of its residential pipeline is in Dubai.
DAMAC Hotels & Resorts is the group's hospitality arm. It manages hotel rooms and serviced apartments in several DAMAC towers, including under the DAMAC Maison name.
Contact Ahyan Real Estate with your budget, preferred community and timeline. We will share current availability, explain the payment plan and fees, and help you check the project's DLD registration and the sale and purchase agreement before you reserve a unit.

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