DAMAC Properties is a private company that has been operating in the residential real estate construction market in Dubai since 2002 as a division of the multi-profile company DAMAC Group, founded in 1982. The DAMAC company has been awarded numerous prestigious awards, including the best developer of the year. The number of properties delivered to owners has already reached almost 44,000, and over the past decade, construction rates have only been increasing, confirming the company's stable growth and reliability.
Currently, the developer is implementing luxury projects not only in Dubai and Abu Dhabi but also in Saudi Arabia, Lebanon, Jordan, Kuwait, the United States, and the United Kingdom. This is evidence of the competitiveness of DAMAC real estate beyond the UAE. For example, all apartments with views of the Thames in the DAMAC Tower Nine Elms in London with interior design by Donatella Versace were sold out at the pre-sale stage. In addition, the list of premium brands working with DAMAC on creating exclusive properties is expanding. The developer's portfolio already includes luxury fully serviced apartments, five-star hotels, and lifestyle communities, implemented in collaboration with Versace, Paramount, Radisson, Fendi, Trump, Cavalli, and De Grisogono.
Construction progress can be monitored through photo materials on the company's official website, which also features general information on each project and 3D tours, and brochures and documentation can be obtained upon request.
Studios, Apartments
30 - 136 sq. m.
Villas
195 - 325 sq. m.
Apartments, townhouses, full-floor properties
60 - 153 sq.m.
Studios, apartments, duplexes
41 - 385 sq. m.
The first major project of the company was the gated community of Damac Hills, the highlight of which is the first-class Trump International Golf Club. Located away from crowded central and coastal areas, the community offers a peaceful place to live with premium infrastructure and good transport accessibility. Spread over an area of 4 sq. km, there are about 30 micro-communities comprising over 3,000 villas and townhouses, more than 4,000 apartments, roughly the same number of serviced residences, as well as exclusive branded villas.
In addition to golf courses, the area has a public park, stables, artificial ponds with fountains, a fishing lake, several shared pools, a club with a gym, children's and sports playgrounds, supermarkets, restaurants, schools, kindergartens and a medical center. A wide selection of housing and rich infrastructure attract many tenants, providing a rental yield of around 7%.
Launching the project confirms the high demand for residential real estate in green self-sufficient communities. Damac Hills 2 is a secluded community located in the desert in the southern part of the DubaiLand district. It offers a more eco-friendly environment for living. Over an area of more than 5 sq. km, about 30 micro-communities are planned to be located and approximately 17,000 residential properties are to be rented out, including villas, townhouses, apartments, serviced residences, and hotel rooms.
The central elements of the project are 5 thematic clusters. An artificial lake for boating, a wave pool, a beach lagoon, a children's aqua zone, and other water attractions are available at the water center. The sports city offers fields for playing football, cricket, volleyball, tennis, basketball, as well as outdoor fitness equipment. The equestrian center and karting track expand the possibilities for active recreation, and the Down Town location invites you to relax on barbecue sites, meditate in a stone garden, or get lost in a maze of living hedges.
With the planned full social infrastructure, Damac Hills 2 attracts the attention of tenants and buyers with relatively low prices and demonstrates an ROI of up to 6.6%.
Company's latest major project is the Damac Lagoons community, located next to Damac Hills in the Dubai Golf City area. The development will cover an area of over 4 sq km and will include about a dozen micro-communities, designed in Mediterranean style and offering exclusively villas and townhouses.
Artificial lagoons with beaches, waterfalls, wave pool, water park and numerous water entertainment will create a resort atmosphere, which will be complemented by all the necessary social infrastructure: schools, medical centers, shops and restaurants. Considering the demand for previous similar Damac projects and the full sale of properties in several communities shortly after their launch, Damac Lagoons can be considered as a promising investment object.
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