151 New & Off-Plan Projects by Damac Properties

DAMAC Properties is one of Dubai's largest private developers, founded in 2002 by Hussain Sajwani and listed on the Dubai Financial Market until going private in 2022. The company built its reputation on luxury-branded inventory - partnering with global fashion and lifestyle brands (Versace, Cavalli, Just Cavalli, Bvlgari, Paramount, Donna Karan) to deliver branded residences that don't exist elsewhere. DAMAC's flagship community is DAMAC Hills (formerly Akoya), built around the Trump International Golf Club Dubai - an 18-hole championship course designed by Gil Hanse. The community houses Cavalli Estates (Roberto Cavalli-branded villas) and a wide range of mid-rise apartments. Other major DAMAC projects include DAMAC Hills 2, DAMAC Lagoons, AYKON City, and the Safa Park towers (Safa One, Safa Two) which are central waterfront flagships. For buyers, DAMAC offers a different proposition than master developers like Emaar - more aggressive payment plans, more luxury-branded inventory, and pricing that's often 15-25% below comparable Emaar units. Yields run 5-7%, with capital appreciation strong in landmark projects (Safa One/Two have appreciated significantly) and more modest in the Hills communities.