DAMAC Properties is a premier real estate development company that provides a wide range of Luxury Properties for Sale at iconic locations of Dubai, has been a stronghold in the Middle East’s luxury real estate market. Established in 2002, they have delivered residential, commercial and leisure properties across the region, which includes the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom. Damac Properties has delivered 14,000 units in the Middle East and has another 37,000 in future projects in pipeline. Damac has a presence outside of the UAE which has given them affluence in the media. They are responsible for the mega-development Akoya projects in Dubai. As a private residential, leisure and commercial developer Damac Properties has a proven track record in real estate projects spread across Dubai such as the Dubai Marina, JLT, Downtown Dubai, Jumeirah Village Circle, Business Bay, DIFC and others. 

Important Facts & Projects by Damac properties

DAMAC Properties was founded in 2002 and has quickly risen through the ranks to become one of Dubai’s top real estate developers. Hussain Sajwani, a millionaire businessman, founded the company, which now operates in Saudi Arabia, Oman, Lebanon, Jordan, and the United Kingdom, delivering commercial and residential projects.

Currently, the company has delivered over 26,000 homes and has a portfolio of thousands of other units in various stages of development. DAMAC Hills, a premium golf community with townhouses, villas, and apartments, as well as a world-class selection of amenities and services, is a major development by DAMAC Properties. DAMAC Properties’ other residential developments in Dubai include DAMAC Towers, Ghalia Constella, AKOYA by DAMAC, and AKOYA Oxygen.

Real Estate Projects for Sale by Damac Properties

New launch
  • From AED2,990,000
  • Morocco Phase 2 at Damac Lagoons

    Beds: 4 to 7Baths: 6

    Townhouses For Sale in Dubai, Villas For Sale in Dubai

    nida tariq

    4 months ago

  • From AED2,990,000
  • New launch
  • From AED2,890,000
  • Park Greens by Damac at Damac Hills 2

    Beds: 5Baths: 4Sq.Ft: 3,542

    Villas For Sale in Dubai

    nida tariq

    4 months ago

  • From AED2,890,000
  • New launch
  • From AED2,500,000
  • Damac Casa Tower at Al Sufouh

    Bed: 1, 2 & 3Baths: 4Sq.Ft: 818 to 2,023

    Apartments For Sale in Dubai

    admin

    6 months ago

  • From AED2,500,000
  • New launch
  • From AED6,500,000
  • The Farmhouses at Damac Hills 2

    Beds: 5 & 6Baths: 7Sq.Ft: 3500 to 6500

    Villas For Sale in Dubai

    admin

    7 months ago

  • From AED6,500,000
  • New launch
  • From AED1,829,000
  • Verona Townhouse Damac Hills 2

    Beds: 4Baths: 5Sq.Ft: 2,352 to 2,415

    Townhouses For Sale in Dubai

    admin

    8 months ago

  • From AED1,829,000
  • Trending
  • Call Us
  • Coral Reef Skyluxe Collection by Damac

    Bed: Update Soon: Various

    Apartments For Sale in Dubai

    admin

    8 months ago

  • Call Us
  • Trending
  • Call Us
  • Damac Skyluxe Collection

    Bed: 1 to 7Baths: 8: Various

    Apartments For Sale in Dubai

    admin

    8 months ago

  • Call Us
  • New launch
  • From AED980,000
  • Golf Greens at Damac Hills

    Bed: 1, 2 & 3Baths: 4Sq.Ft: 652 to 1,644

    Apartments For Sale in Dubai

    admin

    8 months ago

  • From AED980,000
  • New launch
  • From AED2,850,000
  • Morocco at Damac Lagoons

    Beds: 4 & 5Baths: 6

    Townhouses For Sale in Dubai, Villas For Sale in Dubai

    admin

    10 months ago

  • From AED2,850,000
  • New launch
  • From AED2,221,000
  • Greenwoods Phase-2

    Beds: 4, 5 & 6Baths: 7Sq.Ft: 2,700 to 4,634

    Villas For Sale in Dubai

    admin

    10 months ago

  • From AED2,221,000
  • Damac Properties

    Origin of Damac Properties

    DAMAC Properties was founded in Dubai and the Middle East as a residential, recreational, and commercial developer. Since 2002, it has been at the forefront of the region’s luxury real estate industry. Hussain Sajwan is the founder and chairman of Damac Properties, a premium real estate developer. He is the richest Arab in the world, with a net worth of $4.1 billion.

    DAMAC Properties, the world’s biggest luxury developer, has expanded into Iraq, Jordan, Lebanon, Qatar, the United Kingdom, and Saudi Arabia in the last decade, delivering over 24,000 residences and more than 40,000 apartments in various phases of development. Park Towers, Executive Bay, Akoya by Damac, and The Trump Estates are just a few of the company’s significant projects.

    Damac Properties began its journey by providing residents and foreigners luxury property developments including the Damac Hills, Damac Maison, Dubai Mall Street, Golf Horizon, Emirates Gardens, Executive Bay, Paramount Hotel & Residences, and The Waves.

    It is stylish living at the best with Damac Properties establishing itself as a luxury property developer, and has created a global name for having a world-class development portfolio. DAMAC Properties has catapulted to the forefront of the luxury real estate market by delivering 24,000 homes and more than 40,000 units at different stages of completion. This includes 10,000 hotel rooms, serviced hotel apartments and hotel villas that are maintained by its wholly-owned DAMAC Hotels & Resorts.

    Damac Owner Hussain Sajwani

    Damac Properties develops residential, commercial and leisure properties in Dubai. Considered one of the largest luxury developers, Damac Properties has a strong and established reputation for developing Dubai off-plan properties. As a trusted, reliable and sought-after developer in Dubai, this master developer specializes in the luxury real estate market.
    Damac Properties understands residents and homeowners’ core needs and has a proven track record of designing and developing homes to meet these specific requirements.

    Benefits of buying property in Dubai

    As a highly populated city Dubai offers a high quality of life and modern amenities. Dubai has become an impressive, modern city and will provide residents and non-residents an opportunity of living a convenient and luxurious life. With millions of people who have already moved to Dubai to live a better quality life, it is now a prime location for foreigners around the world.
    With one of the fastest growing economies, investing in a home in Dubai means that your investment will make a large profit. There are immense benefits in real estate in Dubai, and you can even make a good return on investment through rental income.

    Damac Off plan Properties

    Buying a home is an investment, and with a stable property market, your investment will only increase in the future. You will get a higher price
    Damac Properties are experts in real estate and have the relevant experience in helping people buy the property of their choice. They serve first time and professional buyers alike. Whether you require the assistance of a property developer, or you want to invest for the first time, this renowned real estate development company will help you make a beneficial investment.

    Top Real Estate Projects by Damac Properties

    In Business Bay, prospective purchasers can find a diverse range of DAMAC Properties properties! Consider some of the more well-known DAMAC Business Bay developments.

    Zada Residences

    Zada Residencies Business Bay

    Zada Residence, located in the center of Business Bay, is one of DAMAC’s off-plan projects. Investors can pick from a variety of one-bedroom apartments for sale in Zada Residence, some of which have spectacular views of the Dubai Canal. Zada Residence also has an open-air theatre, a swimming pool, a gym, and landscaped grounds. The starting price for this DAMAC project in Business Bay is 594,000AED.

    Aykon City

    Aykon City Dubai

    DAMAC Properties’ Aykon City is likewise a highly anticipated forthcoming project. This four-tower complex is located on Sheikh Zayed Road, near City Walk, Downtown Dubai, and the DIFC. The apartments at Aykon City come with high-quality furnishings and interiors and are available in studios, 1, 2, and 3-bedroom layouts. Aykon City’s podium-level plaza will also have retail, dining, and entertainment choices. The cost of an apartment in Aykon City starts at 499,800AED.

    Damac Heights

    Damac Heights Apartments for sale

    DAMAC Heights, an award-winning residential skyscraper with breathtaking views of the Arabian Gulf and Palm Jumeirah, is one of the most recently completed DAMAC developments in Dubai Marina. DAMAC Heights, which stands more than 80 stories tall, offers high-end apartments with configurations ranging from one to five bedrooms. In addition, the DAMAC Residenze boutique apartments and penthouses are located within this luxurious skyscraper.

    The DAMAC Heights tower in Dubai Marina also has a swimming pool, gym, aerobics room, play area, as well as sauna and steam facilities. The cost of an apartment in DAMAC Heights begins at AED 950,000.

    Ocean Heights

    Ocean Heights Apartments For Sale

    Ocean Heights, which is likewise located in the heart of Dubai Marina, is one of DAMAC Properties’ residential developments. Ocean Heights Marina, designed by Ian Banham and Associates, stands out with its soaring height and distinctive form. These DAMAC apartments in Dubai Marina, which come in 1, 2, and 3-bedroom layouts, are ideal for those seeking an affluent seaside lifestyle. The starting price for flats in Ocean Heights Dubai Marina is AED 950k.

    Damac Hills

    Damac Hills Villas and Apartments for sale

    DAMAC Hills is a private community with magnificent apartments, villas, and townhouses set around a gorgeous golf course. DAMAC Hills, located in Dubailand, provides a tranquil haven away from the city, with convenient access to major motorways such as the Emirates Road (E611). Residents of DAMAC Hills will have access to retail and leisure services such as ice rinks, theatres, and hotels once the community is completed. Golf Promenade, Golf Vista, and Trinity are some of the most popular sub-communities in DAMAC Hills. Apartments in DAMAC Hills start from AED 347k, while villas in DAMAC Hills start at AED 1.35 million.

    Akoya Oxygen

    Akoya Oxygen Villas For Sale

    Are you looking for DAMAC off-plan properties in Dubai? According to a Dubai market study, the eco-friendly, self-contained community of Akoya Oxygen was the second-most popular region to buy off-plan property. Another golf-course development, Akoya Oxygen, is located outside of the city center and provides flats, villas, and townhouses. Investors can pick from a variety of sub-communities, including Juniper, Claret, Albizia, and the exclusive Just Cavalli villas. Apartments at Akoya Oxygen start at AED 309k, while villas in the development start at AED 549k.

    Ghallia Constella

    Ghalia Constella Apartments For Sale

    Ghalia Constella, which opened in 2019, provides ‘Sharia-compliant’ apartments with high-end furnishings and accessories. This DAMAC residential skyscraper features studio to three-bedroom apartments as well as distinct amenities for men and women, including swimming pools, gyms, and dining options. The Ghalia DAMAC apartments for sale are also adjacent to a community park and the Al Khail Avenue mall, which is set to open soon.

    Paramount Tower Hotels and Restaurants

    Paramount Tower Hotel and Residences for Sale

    The Paramount Tower Hotel and Residences, which is located on Sheikh Zayed Road, is a mixed-use tower that houses both a beautiful hotel and residential units. This is one of DAMAC’s off-plan buildings, and it’s ideal for individuals looking for upmarket flats close to Business Bay and Downtown Dubai.

    When finished, the Paramount Tower will feature a rooftop swimming pool, fitness centers, a children’s play area, restaurants, and more. The starting price for flats in DAMAC’s Paramount Tower is AED 900,000.

    Park Towers

    Park Towers Apartments For Sale Dubai

    Consider the Park Towers mixed-use complex, which consists of two high-rise towers with apartments, offices, and stores, if you’re seeking DAMAC Properties projects in DIFC. Park Towers DIFC offers one- to three-bedroom apartments with huge balconies and floor-to-ceiling windows. Residents may take advantage of the complex’s amenities, which include pools, gyms, restaurants, supermarkets, and retail shops, as well as its closeness to Downtown Dubai and the World Trade Centre. Investors in Park Towers, one of DAMAC Properties’ DIFC buildings, may expect to pay a starting price of AED 795k for flats.

    FAQs:

    If you want to understand the property development market better, here are most frequently asked questions.

    Is Damac Properties is a Good Choice for You?
    DAMAC offers a diverse range of ready and off-plan projects, including suburban villages and centrally situated skyscrapers. Damac Properties is another excellent real estate developer in Dubai. They provide luxurious residences, and their projects are completed on time and to a high standard of quality. All of these real estate developers could be a suitable fit for you.

    Are Damac Government Developers?
    DAMAC Properties is an Emirati real estate developer situated in Dubai, United Arab Emirates. DAMAC Properties was listed on the Dubai Financial Market in January 2015.

    Can property investments be financed by foreigners?
    Dubai has many local banks and institutions that offer competitive bank loans and mortgages for off-plan properties Dubai

    What are the banks in the UAE that provide these loans?
    Off-plan loans are offered by Amlak, HSBC, Rak Bank, Dubai Islamic Bank and Mashreq Bank.

    Is there a limit on these loans?
    Resident expatriates are typically allowed to borrow 60-70% of the purchasing price, and non-residents are offered 60-70%. However, these guidelines are based on the type of property you are purchasing and different lenders. 

    Do I receive a residence visa with purchased property?
    You may receive a residence visa although it is not always related to property purchasing. Many investors are eligible for a work and residence visa if you meet a certain criterion.

    What is meant by freehold ownership?
    Freehold ownership refers to the fact that expat residents and foreigners can purchase and own a property and be granted complete rights in your name.

    Should I use a reliable property development company?
    Yes, we recommend this. An established property development company is made up of trained professionals who will ensure that you make a stable financial investment when purchasing a home, and will be there with you through the investment process from start to finish.

    REGISTER YOUR INTEREST

    Damac Properties

      × Need Help?