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Dubai off plan developer · Updated 17 September 2026

Damac
Delivered94projects completed in Dubai
Under construction6612.4% built on average
Cancelled32of 192 registered
Transactions 20267,274AED 18.6B

Damac

2 projects listed on Property Radar · Al Wasl / Al Safa, Dubai Maritime City

Official track record
Projects registered with the Dubai Land Department192 all years, Dubai only
Delivered94 49% of everything they registered
Under construction66 12.4% built on average at the last official inspection
Cancelled32 projects registered then cancelled

Counts come from the Dubai Land Department project registry, read in September 2026, and cover Dubai only, across all years. A cancelled project is one that was registered and then withdrawn, which happens to almost every large developer, but the ratio is worth reading.

Projects listed
Safa Gate1,997,000 AED Al Wasl / Al Safa · Q4 2029
Chelsea Residences 22,160,000 AED Dubai Maritime City · Q4 2029
Price positioning, transacted medians
Studio+0% vs community median, 1 project
1 bed+9% vs community median, 2 projects
2 bed-2% vs community median, 2 projects
3 bed-11% vs community median, 1 project

Positioning compares this developer's transacted median price per sqft against the median of the same unit type in the same community. A positive figure means the units sell above the neighbourhood, it is not a quality judgement.

Names of the delivered projects, the average handover delay against the originally announced date and the resale gain project by project are not published here yet. Nothing is shown until it is sourced.

Key figures
Cashback range30,000 to 32,000 AEDestimated
Starting prices1,997,000 to 2,160,000AED
Handover2029 to 2029
Gross yield where they build5%average of 1 community
Commission observed5%press observation, not a published rate
See their projects
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