About DAMAC Properties
DAMAC Properties is one of Dubai's largest private developers, founded in 2002 by Hussain Sajwani. It is the builder of DAMAC Hills and DAMAC Hills 2, DAMAC Lagoons, the Cavalli and Chelsea branded towers and the DAMAC Islands masterplan, and it has a wider footprint in Qatar, Jordan, Lebanon, the Maldives and London.
Track record
DAMAC has delivered more than 50,000 homes since it was founded and announced 8,800 handovers across Dubai in 2026, including at DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, Chic Tower and Elegance Tower. It is one of the most active launchers in the city, which means a steady supply of new phases and branded collaborations.
What they build and how you pay
Large masterplans with lagoons and golf courses, and branded residences with fashion, sport and luxury partners: Cavalli, de GRISOGONO, Versace, Chelsea FC. Payment plans are often buyer friendly, with 60/40 and 70/30 structures and periodic launch incentives such as DLD fee waivers.
Verta's view
DAMAC is where many first time Dubai investors buy, because entry prices in its communities are lower than Emaar and Sobha and the launch calendar is relentless. The branded towers add a resale and short let story. Our advice is to buy the proven masterplans and the central branded towers, and to treat each new phase on its own merits rather than on the brand.
Buying from DAMAC as a UK investor
Every off plan payment goes into the project's escrow account registered with the Dubai Land Department under Law No. 8 of 2007, whichever developer you buy from. The DLD fee is 4% of the price. There is no local tax on rent, but UK residents pay UK tax on the income and on any gain. Our Dubai property investment guide covers costs, mortgages, the Golden Visa and the current market, and our guide to choosing a property investment company sets out the questions to ask us.
Frequently asked questions
What is DAMAC best known for?
DAMAC Hills and DAMAC Hills 2, DAMAC Lagoons and its branded towers with Cavalli, Versace and Chelsea FC, plus the DAMAC Islands masterplan.
What payment plans does DAMAC offer?
Usually 60/40 or 70/30, sometimes with launch incentives such as paying the 4% DLD fee. We confirm the plan on your unit in writing.
How many homes has DAMAC delivered?
More than 50,000 since 2002, with 8,800 handovers announced for 2026.
Which DAMAC developments does Verta offer?
Our current DAMAC listing is Chelsea Residences in Dubai Maritime City. We can source DAMAC Hills, Lagoons and Islands units on request.
