Casttio Properties

If you are researching real estate developers in Dubai and the UAE, DAMAC Properties is a name you will encounter repeatedly — and for good reason. As the country’s largest private developer, DAMAC has shaped some of the most recognizable residential communities across the emirate and expanded internationally into markets spanning Saudi Arabia, the UK, Iraq, the Maldives, Canada, and the United States.

This page gives you a clear, fact-based overview of DAMAC Properties — their background, confirmed projects, areas of operation, and what sets them apart. Whether you are considering a home purchase, evaluating an investment opportunity, or simply want to understand this developer better, you will find everything you need right here.

About DAMAC Properties

DAMAC Properties was established in 2002 as the property development division of the DAMAC Group, a Dubai-based conglomerate founded by Emirati businessman Hussain Sajwani in 1982.

While the parent group originally operated in catering and logistics, DAMAC Properties quickly became its flagship brand and one of the Middle East’s most prominent luxury real estate developers.

The company is headquartered in Dubai and remains privately held. It was listed on the Dubai Financial Market (DFM) in 2015 but was taken private again in 2022 when Sajwani — who held 72% of the company’s shares — purchased the remaining 28% for AED 2.19 billion (approximately $595 million).

Key figures at a glance:

• Founded: 2002
• Founder & Chairman: Hussain Sajwani
• Managing Director: Amira Sajwani
• Headquarters: Dubai, UAE
• Homes Delivered: Over 50,000
• b 54,000+
  Project Area in Progress: 100+ million sq. ft.
• Master Communities in Dubai: 8
• International Presence: UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, UK, Maldives, Canada, United States
• Total 2025 Sales: AED 36 billion (approximately $9.8 billion)

DAMAC’s Presence Across the UAE and Beyond

DAMAC Properties operates primarily in Dubai, with projects spanning Dubailand, Sheikh Zayed Road, Dubai Maritime City, Al Marjan Island (Ras Al Khaimah), Business Bay, and other key locations. The developer has also built projects in Abu Dhabi and Ras Al Khaimah.

Internationally, DAMAC has developed properties in London (DAMAC Tower Nine Elms), Riyadh, Amman, Doha, and has expanded into Canada, the United States, and Iraq (with DAMAC Hills Baghdad launching in 2025).

This geographic diversity positions DAMAC as one of the few UAE-based developers with a genuinely global portfolio.

Types of Projects and Development Focus

DAMAC Properties develops across several property categories:

Residential: Apartments, villas, townhouses, and penthouses — from accessible one-bedroom units to ultra-luxury six-bedroom villas.

Master-Planned Communities: Large-scale, self-contained neighborhoods with integrated amenities, schools, retail, and landscaping. DAMAC currently operates 8 master communities in Dubai, including DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, DAMAC Islands, DAMAC Riverside, DAMAC Sun City, and the newly launched DAMAC Islands 2 and DAMAC District.

Branded Residences: DAMAC has partnered with globally recognized brands to create co-branded developments. Confirmed brand collaborations include Versace, Roberto Cavalli, de Grisogono, Paramount Hotels & Resorts, and most recently, Chelsea Football Club.

Hospitality: Hotel apartments and hospitality projects developed in collaboration with operators such as Radisson, Rotana, and Paramount.

Commercial & Mixed-Use: Office and retail components within larger master-planned developments.

Key DAMAC Projects You Should Know About

Here is an overview of DAMAC’s most significant current and recent projects, with a focus on the developments specified for this portfolio:

DAMAC Islands 2

Launched in November 2025 as DAMAC’s seventh master community, DAMAC Islands 2 is a waterfront residential development in Dubailand inspired by eight tropical island destinations: Antigua, Bahamas, Barbados, Bermuda, Cuba, Maui, Mauritius, and Tahiti. The project features luxury villas and townhouses ranging from 4-bedroom townhouses (approx. 203 sq. m.) to 6-bedroom villas (approx. 583 sq. m.), with starting prices from AED 2.7 million.

DAMAC Islands 2 generated AED 11 billion in sales within five hours of its launch — surpassing the record set by the original DAMAC Islands in 2024. The project is scheduled for completion within four years of launch.

DAMAC Lagoons District

A Mediterranean-themed master community located adjacent to DAMAC Hills, DAMAC Lagoons spans 4.5 million square meters and is divided into clusters named after iconic Mediterranean cities — including Venice, Ibiza, Malta, Marbella, Morocco, Monte Carlo, Mykonos, Costa Brava, Nice, Portofino, and Santorini.

The development has awarded over AED 7 billion in construction contracts and achieved over 19.6 million safe man-hours without a lost-time incident. DAMAC Lagoons is currently being handed over to buyers and is in the process of obtaining LEED Gold certification — positioning it as one of the first master communities in the UAE to receive this sustainability rating.

DAMAC District

Launched in September 2025, DAMAC District is an integrated community within the established DAMAC Hills master development. It introduces a unified living, working, and social environment — expanding the DAMAC Hills ecosystem with a mixed-use approach to urban living.

Chelsea Residences

Located in Dubai Maritime City, Chelsea Residences is the world’s first football-themed branded residential project — developed in partnership with Chelsea Football Club. The project comprises 6 towers (25 to 33 stories) with over 1,400 sea-facing units offering 1, 2, and 3-bedroom apartments.

Features include a rooftop football pitch, Chelsea-themed wellness facilities, an infinity pool, a Chelsea Sports Bar, and 270-degree views of the Arabian Gulf and Dubai skyline. This partnership also saw DAMAC become the front-of-shirt sponsor for Chelsea FC for the 2024/25 season.

Safa Gate

Safa Gate is a 50-floor luxury residential tower on Sheikh Zayed Road, overlooking Safa Park and the Dubai Canal. Positioned in what is referred to as Dubai’s “Golden Triangle” — between Sheikh Zayed Road, Dubai Canal, and Safa Park — the project offers 1 and 2-bedroom apartments alongside 3 and 5-bedroom penthouses.

Starting prices are from AED 1.99 million, with an expected handover of October 2029. The tower features sky gardens, panoramic observation decks, and wellness-focused amenities.

DAMAC Riverside Views

DAMAC’s first launch of 2025, Riverside Views is part of the DAMAC Riverside master community near Expo City Dubai and Al Maktoum International Airport. The project offers 1 and 2-bedroom apartments across eight themed clusters (Teal, Azure, Marine, Indigo, Royal, Capri, Sun, and Pacific), with starting prices from AED 888,000 for 1-bedroom units. Handover is scheduled for May 2028.

Shoreline by DAMAC

Located on Al Marjan Island in Ras Al Khaimah, Shoreline by DAMAC offers beachfront residences with panoramic Arabian Gulf views. The development features private beach access, infinity pools, and wellness facilities, with starting prices from AED 3.68 million.

ELO 3

ELO 3 is DAMAC’s more accessible offering in Dubailand, targeting first-time buyers and value-oriented investors. It provides a balance of affordability, modern design, and connectivity in one of Dubai’s most family-friendly communities.

What Sets DAMAC Properties Apart?

Several factors distinguish DAMAC Properties from other developers in the UAE market:

Scale and Track Record. With over 50,000 homes delivered and 54,000+ units in construction or planning, DAMAC operates at a scale that few private developers can match. Their 2025 total sales of AED 36 billion confirm sustained market demand.

Branded Residences. DAMAC has established one of the strongest branded-residence portfolios in the region. Collaborations with Versace, Roberto Cavalli, de Grisogono, and Chelsea FC offer buyers lifestyle experiences that extend beyond traditional real estate.

Master Community Expertise. DAMAC currently manages 8 master communities in Dubai — each designed as a self-contained living environment with schools, retail, dining, and recreational facilities. This is a significant differentiator for families and long-term residents.

Sales Performance. DAMAC Islands Phase 1 earned a Guinness World Record for the highest revenue generated by a real estate launch in 24 hours (AED 10.2 billion). DAMAC Islands 2 then surpassed that benchmark, achieving AED 11 billion in just five hours.

Sustainability Efforts. DAMAC Lagoons is pursuing LEED Gold certification, and the developer has begun integrating green features into its design and construction processes across projects.

Global Reach. With projects and offices across 15+ cities worldwide — including Dubai, Riyadh, London, Toronto, and Miami — DAMAC is one of the few UAE developers operating at a truly international level.

DAMAC Awards and Recognition

DAMAC Properties has received over 100 international awards throughout its history. Here are the most notable verified recognitions:

• Guinness World Record — Highest Revenue Generated by a Real Estate Launch in 24 Hours (DAMAC Islands Phase 1, December 2024, AED 10.2 billion)
• Guinness World Record — Highest Altitude Skydiving Fireworks Display (40th anniversary celebration, December 2022, at 5,130 meters)
• Global Elite Award 2024 — Leading Master Community Developer
• Global RLI Awards — Developer of the Year (18th edition)
• Annual Business Tabloid Awards — Best Mixed-Use Developer
• Dubai Land Department (RERA) — Recognition for LOAMS (DAMAC’s community management division) for outstanding community management initiatives
• International Real Estate Community Management Summit (IRECMS) — Multiple awards for community management
• Construction Week Middle East — Recognition for construction excellence
• Global Business Outlook Awards and World Business Outlook Awards — Multiple honors

DAMAC’s award portfolio spans categories including architecture, interior design, hospitality, community management, and sustainability.

Why Should Investors and Homebuyers Consider DAMAC?

For investors, DAMAC Properties offers several compelling factors:

• Proven capital appreciation: DAMAC Hills 1 townhouses have seen 86% price growth since launch; villas 72%, DAMAC Hills 2 townhouses 60%, and DAMAC Islands villas 29%.
• Flexible payment plans across most projects (typically 70/30 or 75/25 structures).
• Golden Visa eligibility for properties valued at AED 2 million and above.
• Freehold ownership available to foreign nationals.
• A developer with a Guinness World Record-verified demand track record.

For homebuyers and families, DAMAC’s master communities offer complete lifestyle ecosystems — with parks, schools, dining, fitness, and retail integrated into each development. Projects like DAMAC Riverside Views provide accessible price points starting from under AED 900,000, while Safa Gate and Chelsea Residences cater to premium buyers seeking prime locations and branded experiences.

Summary

DAMAC Properties remains one of the most significant real estate developers in the UAE and the wider Middle East. Founded in 2002 by Hussain Sajwani and now led in operations by Amira Sajwani, the company has delivered a verified portfolio of over 50,000 homes, operates eight master communities in Dubai, and has expanded internationally into more than 15 cities.

With AED 36 billion in 2025 sales, a Guinness World Record for launch performance, and partnerships with global brands including Chelsea FC, Versace, and Roberto Cavalli, DAMAC continues to set benchmarks across the luxury real estate segment.

Whether you are exploring DAMAC Islands 2, Chelsea Residences, Safa Gate, or any other DAMAC project — the Casttio team is here to help you navigate your options, compare units, and make an informed decision.

Have questions about DAMAC Properties or any of their projects? Reach out to the Casttio team directly on WhatsApp for personalized guidance.