Damac Islands – Maldives 3

About the project

Damac Islands – Maldives 3 is a 313-home townhouse and villa project by Damac Elite Investment Co in Damac Islands, located in Al Yalayis 1, Dubai. The development comprises B+G+2, G+2 and G+1 homes. It is active, with a reported construction completion ratio of 12.09% at the inspection dated 15 July 2026 and a completion date of 31 December 2028.

The project at a glance

Damac Islands – Maldives 3 has project number 3438 and forms part of Damac Islands, an island-themed residential community within DubaiLand. The project has a recorded total area of 77,550.54 and contains 313 residential units. Its building programme consists of townhouses and villas in three formats: basement plus ground plus two floors, ground plus two floors, and ground plus one floor. The project start date is 23 March 2025, while the recorded completion date is 31 December 2028. The homes are specified with concrete structures, blockwork, and internal and external finishes.

Homes and building formats

The 313 homes at Damac Islands – Maldives 3 are townhouses and villas rather than apartments. The registered project description identifies B+G+2, G+2 and G+1 building configurations, creating a mix of multi-level home formats within the development. The construction specification covers concrete structures and blockwork, followed by internal and external finishes. Damac Islands is planned with villas and townhouses arranged along water channels and landscaped edges. The wider community design places residential clusters around interconnected lagoons, with layouts that emphasise open-plan living, private terraces and floor-to-ceiling windows for water and landscape views.

Damac Islands setting

Damac Islands is a masterplanned community in DubaiLand structured around a central network of lagoons and water features. Its neighbourhoods use tropical destination themes, including the Maldives, Bora Bora, Seychelles, Hawaii, Bali and Fiji. Water channels and landscaped edges are integral to the community layout, and the masterplan includes detached and attached homes. The wider development is designed with public spaces alongside its lagoon network, including water platforms and floating spaces intended for social events and leisure uses. Maldives 3 sits within this larger island-themed setting in Al Yalayis 1.

Planned community leisure facilities

The wider Damac Islands concept includes a lagoon system for swimming and paddling, together with water-focused attractions. Planned elements include an Aqua Dome with underwater projections and dining areas, a waterfall lagoon, an aqua park, and a jungle river with vegetation, waterfalls and rapids. The community plan also includes a central hub fountain combining water, fire and laser elements. Wellness facilities in the masterplan include the Hot Springs Spa, cascading lagoon waterfalls, infinity pools and floating yoga decks. Other planned features include a zipline, jungle swings, a calisthenics park, a multi-sport fitness park, a tortoise garden, parrot park, wildlife park, wedding venue and gondola-style paddling on illuminated water.

Connections from Damac Islands

Damac Islands is located within DubaiLand. Global Village is recorded at 4.5 km from the heart of the community. Recorded distances include 14.4 km to Mall of the Emirates, 17.4 km to Expo City Dubai, 17.5 km to Dubai Marina, 17.8 km to Business Bay, 18.1 km to JBR Beach, 18.8 km to The Dubai Mall and 18.9 km to Burj Khalifa and Downtown Dubai. Palm Jumeirah is recorded at 19.0 km, Dubai International Financial Centre at 20.4 km, Al Maktoum International Airport at 20.7 km, and Dubai International Airport at 25.6 km. The nearest recorded Dubai Metro access is on the Red Line at station R73, 14.3 km from the community’s heart.

Construction progress and completion

Damac Islands – Maldives 3 is listed as active. The reported completion ratio is 12.09%, based on an inspection dated 15 July 2026. The project start date is recorded as 23 March 2025, and the completion date is 31 December 2028. The development’s project number is 3438. The same project programme covers 313 townhouses and villas across B+G+2, G+2 and G+1 formats. These dates and the reported completion ratio identify the project’s recorded development stage.

The developer

Damac Elite Investment Co is the developer of Damac Islands – Maldives 3. The company is named as the developer for project number 3438, which is located in Damac Islands. The project’s recorded scope consists of 313 villas and townhouses in Al Yalayis 1, Dubai. Its planned completion date is 31 December 2028. Damac Elite Investment Co is also associated with the Damac Islands masterplanned community, which is arranged around lagoons, water features, themed neighbourhoods and landscaped residential edges.

Dubai market as a whole: prices, transactions and trends (DLD data) →