Damac Properties

Damac Properties was founded in 1982 and is registered as DAMAC PROPERTIES CO (L.L.C). Its subsidiaries include Damac Development LLC, Damac Canal One Property Development LLC, Damac Canal Two Property Development LLC, Damac Crown Properties Company Ltd, Damac Prime Development LLC and Damac World Real Estate LLC. The company has 13 finished projects across six districts: Al Barsha South Fourth, Al Thanyah Fifth, Al Thanyah First, Business Bay, Me'Aisem First and Zaabeel Second.

The current selection includes finished homes and active developments across Business Bay, Damac Hills, Al Wasl, Maritime City, Downtown Dubai and Damac Hills 2. Finished projects include Artesia in Damac Hills, completed at 100% and ready to move in, with prices from AED 524,000; Aykon City in Business Bay, completed at 100%, with handover in Q4 2027 and prices from AED 650,000; and Damac Celestia Tower B in Dubai South Residential District, completed at 100% and ready to move in, with prices from AED 435,000. Damac Maison Majestine in Business Bay is also completed at 100%, ready to move in and priced from AED 733,000.

For off-plan buyers, Canal Crown in Business Bay is active at 32.8%, with handover scheduled for Q4 2027 and prices from AED 1,120,000. Cavalli Couture in Al Wasl is active at 19.7%, with Q2 2027 handover and prices from AED 22,404,000. Chic Tower by de Grisogono in Business Bay is active at 73.77%, with Q2 2026 handover and prices from AED 823,000. Elegance Tower in Downtown Dubai is active at 86.23%, with Q1 2026 handover and prices from AED 1,790,000. Chelsea Residences by Damac in Maritime City is active at 0.65%, with Q4 2029 handover and prices from AED 2,170,000.

Payment structures vary by project. Canal Crown and Cavalli Couture use 60/40 plans, while Chic Tower by de Grisogono and Damac District use 50/50 plans. Elegance Tower, Golf Gate 2 and Golf Greens offer 80/20 plans. Chelsea Residences by Damac uses a 60/40 plan, while Chelsea Residences 2 by Damac has a 50/50 plan with 1% monthly payments. Damac Evergreens also has an 80/20 plan with 1% monthly payments. Artesia has a three-year post-handover plan, and Aykon City has a 75/25 plan.