DAMAC Properties
Major UAE luxury developer — record 2025 sales and large island and waterfront communities across Dubai.
Overview
DAMAC Properties was founded in 2002 by Hussain Sajwani and is headquartered in Dubai. The group has delivered 50,000+ homes and maintains a substantial pipeline (50,000+ units stated under development in recent filings and press). DAMAC is known for branded luxury residences with collaborators including Roberto Cavalli, Fendi, de Grisogono, Paramount, and Chelsea Football Club, alongside the Trump International Golf Club Dubai. Previously listed on the Dubai Financial Market, DAMAC was taken private in 2022. For 2025 the company reported record sales on the order of USD 9.8 billion (~AED 36 billion). Current momentum centres on DAMAC Islands and Islands 2 in Dubailand, Chelsea Residences in Dubai Maritime City (Phase 2 launched in 2026 with 1,400+ sea-facing homes across the project), DAMAC Riverside, and 2026 launches including DAMAC SAFA Gate and DAMAC Sea Crest.
Active Corridors
Quick Facts
- Founded
- 2002
- Headquarters
- Dubai, UAE
- Projects
- 50,000+ homes delivered
- Units / Scale
- 54,000+ under construction (group statement)
Active Projects
DAMAC Islands 2
Completion
2027–2029 (phased)
Price From
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DAMAC Islands
Completion
Phased — 2027+
Price From
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Chelsea Residences by DAMAC (Phase 2)
Completion
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Price From
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DAMAC Riverside
Completion
2027–2028
Price From
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DAMAC SAFA Gate
Completion
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Price From
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DAMAC Sea Crest
Completion
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Price From
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Key Highlights
USD 9.8B / ~AED 36B
~2025 property sales (press)
50,000+
Homes delivered (group)
54,000+ units UC
Pipeline scale (group)
Cavalli, Fendi, Paramount, Chelsea FC
Notable brands
All information sourced from publicly available developer disclosures, press releases, and official company communications. Figures are approximate and subject to change. Inclusion does not constitute an endorsement or guarantee of any investment outcome.
Communities DAMAC Properties builds in
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