Who is the owner of DAMAC Properties?

DAMAC Properties was founded and is chaired by Hussain Sajwani. His children Ali and Amira Sajwani serve as Managing Directors.

Can foreigners buy DAMAC properties in Dubai?

Yes, foreigners can purchase DAMAC properties in designated freehold areas throughout Dubai. Property ownership can qualify investors for UAE residency visas, including the long-term Golden Visa for investments exceeding AED 2 million.

Does DAMAC Properties focus on sustainability?

DAMAC has increasingly integrated sustainability features including energy-efficient systems, water conservation technologies, and green building certifications in recent projects. DAMAC Lagoons incorporates solar power, smart irrigation, and eco-friendly lagoon filtration systems.

What is DAMAC famous for?

DAMAC has built its reputation on luxury real estate that actually makes financial sense. They’re known for creating residential communities that don’t just look impressive; they’re designed to deliver solid returns for investors while giving residents access to amenities and services you won’t find in typical Dubai developments.

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DAMAC Properties Dubai | Investment Guide, Prices and Projects 2026 | Kotook

DAMAC Properties Dubai

Dubai’s real estate market moves fast. If you’ve been searching for the best property to buy in Dubai, you’ve probably already come across DAMAC Properties more than once and for good reason.

This developer has been shaping the city’s skyline since 2002, delivering over 50,000 homes across some of the most desirable addresses in the UAE.

So what makes DAMAC different from the dozens of other developers in Dubai? Honestly, it comes down to three things: they partner with brands people actually recognize, like Versace, Fendi, and Bugatti, which gives their projects instant credibility.

They don’t just build towers; they build entire neighborhoods designed to hold value long-term. And perhaps most importantly, they’ve been around long enough to prove they can actually deliver what they promise, which, in Dubai’s market, isn’t something you take for granted.

Who Built DAMAC

DAMAC Properties was founded by Hussain Sajwani, an Emirati entrepreneur who spotted the opportunity the moment Dubai opened its real estate market to foreign ownership in 2002.

That timing wasn’t luck; it was vision. Today, Sajwani serves as chairman, with his children Ali and Amira Sajwani leading operations as managing directors.

The DAMAC Properties CEO and owner's story is inseparable from Dubai’s growth story. Sajwani built the company on a simple but powerful idea; luxury real estate should feel like a lifestyle, not just a transaction.

That philosophy drove DAMAC to partner with names like Roberto Cavalli, Versace Home, Fendi Casa, Mandarin Oriental, Paramount Hotels, Radisson, Rotana, and most recently Chelsea Football Club.

These aren’t marketing partnerships. They shape interiors, amenities, and the entire resident experience from the ground up.

DAMAC Properties Price Range

One of the first things buyers want to know is what DAMAC actually costs, and the honest answer is it depends on what you’re looking for.

Right now, the most accessible entry point is DAMAC Lagoon Views Andalucia, launching at AED 979,000 for 1–2 bedroom apartments in DAMAC Lagoons, with delivery expected Q1 2027.

If you’re looking for something in the mid-range, DAMAC District in DAMAC Hills starts at AED 1.2 million for 1–2 bedroom apartments, due Q1 2029. And on the premium end, Barbados 2, a villa community within DAMAC Islands, opens at AED 2.82 million.

Here’s a snapshot of what’s currently available:

Project	Starting Price	Delivery	Payment Plan
DAMAC Lagoon Views Andalucia	AED 979,000	Q1 2027	20/40/40
DAMAC District	AED 1,200,000	Q1 2029	Flexible
Chelsea Residences	AED 2,320,000	Q4 2029	20/40/40
DAMAC Islands	AED 2,490,000	Q4 2028	20/40/40

What stands out here is the payment structure. Most projects follow a 20% down payment model, with the bulk paid during construction and a final tranche on handover.

DAMAC Islands

Launched as DAMAC’s flagship waterfront community, DAMAC Islands offers 4–7 bedroom villas and multiple unit types starting at AED 2,490,000, with handover set for Q4 2028. The 20/40/40 payment plan means buyers commit 20% now, 40% during construction, and the remaining 40% on completion.

The community has expanded into multiple phases and themed clusters; Seychelles 2 (Q2 2029, from AED 2.75M), Bali Phase 4 (Q2 2029, from AED 2.49M), and Barbados 2 (Q2 2030, from AED 2.82M, 1-bed villas).

Each cluster carries its own character while sitting within the same master development in Dubai Land.

For buyers who want waterfront living without waiting too long, Seychelles 2 and Bali Phase 4 both deliver in Q2 2029, roughly three years out.

Chelsea Residences

The Chelsea Residences collaboration puts branded apartments in Dubai Maritime City, a location that’s genuinely different from the typical Dubai Land or JVC address.

Phase 1 (1–3 beds) launches at AED 2,320,000 with Q4 2029 delivery. Phase 2, Chelsea Residences 2, starts slightly lower at AED 2,160,000 and delivers in Q1 2030, also on a 20/40/40 plan.

Maritime City is a waterfront district, so the Chelsea branding here isn’t just cosmetic; the location actually supports the lifestyle positioning.

DAMAC Riverside Views

If the Islands and Chelsea projects represent DAMAC’s premium and lifestyle plays, DAMAC Riverside Views in Dubai Investment Park is the more grounded investment option.

Two projects, Capri 2 (from AED 1,191,000) and Royal 2 (from AED 1,383,000), both deliver Q1 2029 on a 20/50/30 payment plan.

DIP is an established, infrastructure-complete area. For buyers focused on rental yield over lifestyle branding, this corridor tends to offer stronger net returns relative to entry price.

Sustainability Inside DAMAC Developments

Sustainability has moved from optional to expected in Dubai real estate, and DAMAC has been adapting.

DAMAC Lagoons uses solar-powered community lighting, smart irrigation that cuts water use by 40%, and lagoon filtration technology that requires 100 times fewer chemicals than conventional pools.

Newer projects are incorporating EV charging infrastructure, low-emission building envelopes, and smart home systems that automate energy management.

For investors thinking five to ten years ahead, green building credentials are increasingly tied to rental premiums and resale velocity, a trend that’s only going to strengthen as Dubai’s 2040 Urban Master Plan takes shape.

Start Your DAMAC Investment

Dubai offers zero property tax, rental yields that outperform most European and North American markets, Golden Visa eligibility for investments above AED 2 million, and a growing population that keeps rental demand tight.

If you’re weighing whether to buy property in the UAE, whether in Dubai or considering options to buy property in Abu Dhabi, the case for Dubai remains strong.

DAMAC’s concentration in high-growth corridors like Dubai South and Mohammed Bin Rashid City positions its portfolio to capture above-average appreciation as infrastructure investment continues.

Book your free consultation with Kotook today and get expert guidance on the right DAMAC property for your goals.