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Aerial photograph of DAMAC Lagoons, a master community in Dubailand, Dubai

DAMAC Properties: Dubai Developer Profile & Projects

DAMAC Properties was founded in 2002, was DFM-listed from 2015 to 2021, and has delivered more than 50,000 units, five of them individually dated in this profile.

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Who is DAMAC Properties, and who backs it?

DAMAC Properties was formed in 2002 as the property-development division of The DAMAC Group of Companies, founded by Hussain Sajwani. It states more than 50,000 units delivered and a further 54,000 in progress or planning. DAMAC Properties was listed on the Dubai Financial Market from 2015 until a Sajwani-led buyout took it private again in 2021; it also issued a USD 400 million Sukuk on NASDAQ Dubai in 2018 and was added to the MSCI UAE Index in 2017.

What has DAMAC delivered in Dubai?

DAMAC's own history page states more than 50,000 units delivered overall. Individually dated project milestones we could confirm:

ProjectLocationLaunchedCompleted
Lake TerraceJumeirah Lake Towers, Dubai—2008
DAMAC Hills (master community)Dubailand, Dubai2013—
DAMAC Hills — Golf TownDubailand, Dubai—30 December 2016
DAMAC Hills — LoretoDubailand, Dubai—31 December 2017
DAMAC Hills — Park TownDubailand, Dubai—30 September 2018

What should you check before buying from DAMAC Properties?

The same due-diligence steps apply to any Dubai developer, DAMAC Properties included. Confirm the project's registration and escrow status before you sign anything or send a deposit.

  • Verify the project's Oqood off-plan registration and its escrow account directly with the Dubai Land Department, not from a sales brochure.
  • Read the Sale and Purchase Agreement (SPA) for the payment plan, the handover date and any penalty clauses before you pay a reservation fee.
  • Ask DAMAC Properties for the project's DLD registration number and check it yourself.

This is the same due-diligence process we recommend for every developer on this site, not a DAMAC Properties-specific step.

What are the limitations of this profile?

This page states only what DAMAC Properties' own published pages, and the government sources named above, say as of 8 September 2026. DAMAC delisted from the Dubai Financial Market in 2021, so no current annual report exists to check, and damacproperties.com blocked automated access on every path our research tried this round. No price-per-square-foot or return figure appears anywhere on this page: this research round found no dated, sourced pair that meets ProEstate's own basis-and-citation standard for DAMAC Properties or its projects, so none is shown, estimated or implied.

  • 2002

    Founded by Hussain Sajwani

  • 50,000+

    Units delivered

  • 54,000+

    Units in progress or planning

Projects with ProEstate

Verify the project before you reserve

Send us the exact project, unit and payment plan, and we'll tell you exactly which official records to check before you reserve or transfer.

Ask us to verify a project

Sources and verification

  1. DAMAC Properties — About DAMACDAMAC PropertiesAccessed
  2. DAMAC Properties — Our HistoryDAMAC PropertiesAccessed

Frequently asked questions

When was DAMAC Properties founded, and by whom?

DAMAC Properties was formed in 2002 by Hussain Sajwani as the property arm of The DAMAC Group of Companies.

How large is DAMAC's delivery record?

DAMAC states more than 50,000 units delivered, with a further 54,000 in progress or planning.

What is DAMAC building right now?

DAMAC's own site names Damac Islands 2, Valencia, Azure 2, Chelsea Residences, Safa Gate and Couture by Cavalli among current projects.

Is DAMAC's headquarters address published?

Not on the page checked — DAMAC's About page did not state a headquarters city or address.

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