DAMAC Properties
Est. 2002 · Hussain Sajwani · Dubai, UAE · Privately held · UAE — Dubai & Ras Al Khaimah
🗓Published·Updated·Edited by Rakesh Mahajan
Company overview
Who is DAMAC Properties?
Dubai's flamboyant private luxury major — DAMAC Hills, Lagoons and branded collaborations from Cavalli to de GRISOGONO; privatised from DFM in 2022.
90
Completed projects
55M
Sq ft delivered
30
Ongoing projects
20
Upcoming projects
Our ratings
Builder Score Card
Each dimension is scored from delivery data, RERA filings and financial disclosures.
On-time delivery: 76% of towers delivered within 6 months of committed date.
At a glance
DAMAC Properties in Numbers
DAMAC Properties is a privately held developer founded in 2002 by Hussain Sajwani, headquartered in Dubai, UAE, active mainly in UAE — Dubai & Ras Al Khaimah. We rate it 3.9/5 overall — dependable, with caveats — which ranks 42nd of the 212 developers we profile and ahead of 75% of them. Its strongest area is financial strength (4.2/5) and its weakest is delivery record (3.7/5). We track 1 of its project across 1 city.
Benchmarking
How DAMAC Properties Compares
Each rating against all 212 developers we profile and the 20 in UAE — Dubai & Ras Al Khaimah.
| Rating | DAMAC Properties | UAE — Dubai & Ras Al Khaimah average | Better than |
|---|---|---|---|
| Construction quality | 3.8/5 | 3.8/5 | 67% of developers |
| Delivery record | 3.7/5 | 3.6/5 | 75% of developers |
| Customer satisfaction | 3.7/5 | 3.7/5 | 73% of developers |
| Financial strength | 4.2/5 | 3.9/5 | 84% of developers |
| Trust | 3.9/5 | 3.9/5 | 71% of developers |
Footprint
Where DAMAC Properties Builds
-
Dubai · 1 project
Buyer guidance
Should You Buy a DAMAC Properties Project?
DAMAC Properties is dependable, with caveats. Its weakest area is delivery record, so before booking, compare the promised and actual completion dates of its last few projects on the state RERA portal. Prefer construction-linked payment plans and check the project's RERA progress reports.
Check before you book
- RERA registration and quarterly progress for the exact project and tower you are buying.
- Credit ratings and company filings, because DAMAC Properties is privately held and does not publish audited results.
- That 70% of buyer payments go into the project's separate escrow account, as RERA requires.
- Delivery record: compare the promised and actual completion dates of its last few projects on the state RERA portal.
The bottom line
Our Verdict
Delivers at scale with aggressive marketing and launch pricing; finish quality varies by cluster — inspect delivered handovers in the same community before booking.
Portfolio
DAMAC Properties Projects
Every project links to its own page. Gold entries carry full PropertyNivesh research; the rest have overview pages while research completes.
Residential
Questions
DAMAC Properties: FAQs
Is DAMAC Properties a good builder? ＋
We rate DAMAC Properties 3.9/5 overall — dependable, with caveats. Delivers at scale with aggressive marketing and launch pricing; finish quality varies by cluster — inspect delivered handovers in the same community before booking.
Is DAMAC Properties a listed company? ＋
No. DAMAC Properties is privately held, so detailed financials are not published; check credit ratings and company filings where available.
Where does DAMAC Properties have projects? ＋
We track DAMAC Properties projects in Dubai. None has a full research page yet.
Does DAMAC Properties deliver on time? ＋
DAMAC Properties has delivered 76% of its towers within six months of the committed date, and we rate its delivery record 3.7/5.
How many projects has DAMAC Properties completed? ＋
DAMAC Properties reports 90 completed projects and about 55 million sq ft delivered.