Selling nowDAMAC Islands 2 (Antigua, Bahamas, Barbados, Bermuda, Cuba, Maui, Mauritius, Tahiti)
Details
- Type
- Townhouses and villas
- Bedrooms
- 4–7
- Sizes
- 2,185–6,276 sq ft


Developer profile · Since 2002
Dubai's largest private developer; value, flexible plans
At a glance
DAMAC is Dubai's largest private developer.
Reviewed by Ayman Hoque, Operations Manager, Live Dubai InternationalDubai Land Department broker card no. 55937 · Checked October 2026 · 24 sources
It says it has delivered more than 50,000 homes (August 2026) and it sold more off-plan homes in Dubai than anyone else in H1 2026. It is known for large villa and townhouse communities in Dubailand, branded towers and flexible payment plans, and its communities usually cost less per sq ft and rent for more relative to price than Emaar's. The main thing to weigh is timing: independent estimates put average delays at 6–12 months on 2023–24 handovers, and as a private company it publishes no audited accounts or handover statistics.
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All 13 DAMAC project guides
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Under construction| Bedrooms | ||||
|---|---|---|---|---|
| DAMAC Islands 2 (Antigua, Bahamas, Barbados, Bermuda, Cuba, Maui, Mauritius, Tahiti) | Dubailand | 20/30/50 | Q2 2030 | 4–7 |
| DAMAC Islands | Dubailand | 75/25 | Q4 2028 | 4–7 |
| DAMAC Sun City | Dubailand | 75/25 | Q1 2028 | 4–5 |
| Chelsea Residences, Towers 1 and 2 | Dubai Maritime City | 20/40/40 | Q4 2029 | 1–3 |
| Chelsea Residences 2, Towers A and B | Dubai Maritime City | 60/40 | Q4 2029 | 1+ |
| Coral Reef | Dubai Maritime City | 70/30 | Q1 2028 | 1+ |
| Riverside Views (Marine 1) | DAMAC Riverside, Dubai Investments Park 2 | 10/60/30 | Q1 2029 | 1–2 |
| DAMAC Riverside townhouses | Dubai Investments Park 2 | 75/25 | December 2027 | 4–5 |
| Canal Crown | Business Bay | 60/40 | Q4 2027 | Studio–4 |
| DAMAC Altitude (formerly Canal Crown 2) | Business Bay | 60/40 | Q1 2028 | Studio–3 |
| Volta | Downtown Dubai | 1% monthly | Q2 2028 | 1+ |
| Elo 3 | DAMAC Hills 2 | 1% monthly | Q3 2027 | 1–2 |
| DAMAC Lagoons (Venice, Mykonos, Amalfi, Marbella, Monte Carlo, Ibiza, Valencia, Cetara, Piazza Roma offices) | Dubailand | 50/50 | Phased: Venice Q2 2027, Mykonos and Amalfi 2027 to 2028, Cetara Q1 2030 | Studio–7 |
| Cavalli Tower | Dubai Marina | End of 2026 | 1–5 and penthouses | |
| Safa One (de Grisogono) | Al Safa | 10/90 | Q4 2026 | |
| Shoreline by DAMAC | Al Marjan Island, Ras Al Khaimah | 70/30 | Q3 2028 | 1+ |
| DAMAC Hills 2: Park Greens and remaining villa clusters | Dubailand | 60/40 | Q1 2027 | 3–5 |
Tap a column heading to sort. Dates as checked October 2026.
Track record
DAMAC has a long record of selling quickly and delivering late, though recent delays are shorter than in its early years.
Communities
Tap one for our area guide.
Prices
DAMAC's villa communities rose strongly in 2024–25 but have levelled off in 2026.
DAMAC's villa communities rose strongly in 2024–25 but have levelled off in 2026. Bayut's listing index shows DAMAC Hills 2 at AED 1,174/sq ft, up 19.6% over two years but only 0.83% over the year to July 2026. DAMAC Lagoons is at AED 1,624, up 19.5% over two years and 1.54% over the year. DAMAC Hills is at AED 1,639, flat on the year (−0.02%) and up 7.8% over two years, with branded clusters doing best. Across Dubai, prices were 10.2% below the February 2026 peak in August 2026, and off-plan registrations were down 40.4% year on year, which matters because most DAMAC buyers are off-plan investors. Resale prices for 2024–25 launches such as Sun City and Chelsea Residences have not been published; there were 69 and 11 resale listings respectively in October 2026. Yields are DAMAC's strong point: gross villa yields of 6.09% at Lagoons, 6.03% at DAMAC Hills 2 and 4.95% at DAMAC Hills (Bayut, H1 2026). Net yields are about 1–2 points lower once service charges and management are paid.
| Community | Price per sq ft | Change | Gross yield |
|---|---|---|---|
| DAMAC Hills | AED 1,639 (July 2026) | −0.02% (July 2026) | 4.95% villas (H1 2026) |
| DAMAC Hills 2 | AED 1,174 (July 2026) | +0.83% (July 2026) | 6.03% villas (H1 2026) |
| DAMAC Lagoons | AED 1,624 (July 2026) | +1.54% (July 2026) | 6.09% villas (H1 2026) |
| Business Bay (apartments, all developers) | AED 2,124 (H1 2026) | 6.29% (H1 2026) | |
| DAMAC Lagoons delivered clusters | 6.2–7.8% gross; 5.0–6.0% net (Q1 2026) |
Asking prices, gross yields. Work out a net return
Payment plans
On a home priced at AED 1,000,000 that is AED 200,000 on booking, AED 400,000 during construction, AED 400,000 on handover. Government registration fees are paid on top.
Plans vary by launch. 2025–26 launches use 50/50, 60/40, 70/30 or 75/25, sometimes with the 4% DLD fee waived. Examples: Chelsea Residences 20/40/40, Sun City 20/55/25, Riverside Views 10/60/30. The older 1% a month plans are less common in 2026.
Still offered on selected projects, mainly DAMAC Lagoons and DAMAC Hills 2 (July 2026), with fewer on newer launches. The title deed is held until the final payment.
Homes bought for AED 2m or more qualify under the standard rule. DAMAC markets Golden Visa eligibility on DAMAC Islands 2 (2026).
DAMAC announced new banking partnerships for international buyers for 2025 (Gulf News, January 2026). The banks were not named.
Cavalli (Dubai Marina tower and Cavalli Estates at DAMAC Hills), de Grisogono (Safa One), Chelsea FC (Dubai Maritime City) and Paramount (Business Bay).
AED per sq ft a year (2026 ranges; sources differ): DAMAC Hills 2 about 3–6, DAMAC Hills villas 4–12 depending on cluster, DAMAC Lagoons 6–9, Business Bay towers 12–25. Check the exact figure on Mollak.
DAMAC suits investors looking for villas and townhouses at lower prices than Emaar, with gross yields of around 6%.
FAQs
DAMAC has delivered more than 50,000 homes (company figure, August 2026) and Moody's rates it Ba2 with a positive outlook (February 2025), so it is a credible developer. Its weak point is timing: independent estimates put average delays on 2023–24 handovers at 6–12 months. Plan for a later handover than the date in the brochure.
It depends on the launch. 2025–26 plans are typically 50/50, 60/40, 70/30 or 75/25, often with the 4% DLD fee waived. Examples: Chelsea Residences 20/40/40, Sun City 20/55/25 and Riverside Views 10/60/30. The older 1% a month plans are now rarer.
On some projects, mainly DAMAC Lagoons and DAMAC Hills 2 (2026). Newer launches offer fewer. The title deed stays with DAMAC until you make the final payment, so you cannot easily refinance or sell before then.
Often, by months rather than years in recent projects. Its early Dubai Marina towers were 1–2 years late (2005–2010). For 2023–24 handovers, a broker analysis of DLD records (April 2026) puts the average delay at 6–12 months beyond the SPA date. Your SPA sets a grace period, so read it before you sign.
It is phased. Portofino handed over in Q4 2024 and Nice in Q1 2025. Broker trackers show Santorini handing over from November 2025 to Q1 2027, Venice in Q2 2027, Mykonos and Amalfi in 2027–28, and Cetara in Q1 2030 (September 2026). DAMAC targets 6,300 Lagoons handovers in 2026.
Hussain Sajwani, who founded it in 2002 and took it private in 2022. His children Amira and Ali Sajwani are managing directors. There are no public shareholders and no published audited accounts.
Roughly AED 3–6 per sq ft a year at DAMAC Hills 2, 4–12 at DAMAC Hills depending on the cluster, 6–9 at DAMAC Lagoons and 12–25 in Business Bay towers (2026 ranges; sources disagree). Check the building on Mollak.
Villas at DAMAC Lagoons (6.09% gross) and DAMAC Hills 2 (6.03%) yield more than DAMAC Hills (4.95%) (Bayut, H1 2026). Net yields are about 1–2 points lower after service charges and management.
Demand at launch was strong: AED 10.2bn sold in under 24 hours (2024) and AED 11bn in five hours for DAMAC Islands 2 (2025). Against that, handovers are due in 2028–2030, the location is deep in Dubailand with no metro, the 4-bed layouts are shared with other DAMAC communities, and Dubai prices fell 10.2% from February to August 2026. It suits a buyer planning to hold for several years.
DAMAC Hills is the older, more central community built around a golf course, at AED 1,639/sq ft. DAMAC Hills 2 is further out in Dubailand and cheaper, at AED 1,174/sq ft (Bayut, July 2026). DAMAC Hills 2 villas yield more: 6.03% against 4.95% (Bayut, H1 2026).
Facts checked October 2026 from the developer’s own announcements and results, Dubai Land Department records (via Property Finder, DXBinteract and Propsearch), Bayut market reports and the press. Figures given by the developer are labelled as theirs. This page is information, not financial advice.