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Introduction to DAMAC Properties in Dubai
DAMAC Properties—a subsidiary of DAMAC Group—is a leading real estate developer in Dubai. Since 1982, they’ve contributed to shape Dubai’s property market with both commercial & high-end, luxurious residential properties. A feat that has been awarded with numerous global awards and commendations.
Despite the fear of a Dubai housing bubble among financial analytics, the trend of foreign investors buying Dubai real estate don’t seem to slow down at first. Accordingly to DAMAC Charman Hussain Sajwani, Russian buyers are slowing down while they experience an increase in Chinese investors. “Dubai is benefiting from those who can spend and invest their capital outside of the country” he said to CNBC News.
As of today when this article was published, DAMAC has delivered more than 46,000 premier homes to both domestic and international buyers. With an astounding 33,000 condominiums, apartments and villas in planning and progress. Here is a list of 5 exciting upcoming or under development mid-to-highrise residential projects by DAMAC Properties in Dubai:
1. DAMAC Bay 2 by Cavalli
Artist’s perspective of DAMAC Bay 2. Image from: Sales Office Dubai
Community
Dubai Harbour
Property Type
Apartment
Bedrooms
1, 2, 3, 4 & 5
Size
733 - 6,582sqft
Handover
2028
Starting Price
AED 3,462,000
Situated along Dubai Harbour—a premier seafront district designed for a maritime lifestyle—soon to rise is Bay 2 towers by Cavalli.
Featuring a wide range of 1-5 bedroom apartments ranging from 733sqft to a whopping 6,582sqft, there’s a size suitable for everyone. Here, residents can engulf themselves with sun and fresh sea breeze while floating in the infinity pool. Or just relax at the lounge areas overlooking the world-class beaches. But still just be a stone’s throw away from the city’s most loved landmarks.
Standing 49 story tall, the towers features a wide range of high-end amenities such as pool areas, private playgrounds, BBQ areas and steam/sauna rooms. All to please its residents and provide maximum comfort.
An Unmatched Seafront District
With its location at Dubai Harbour—squeezed right between the iconic Palm Jumeirah and Bluewaters—DAMAC Bay 2 By Cavalli offer its residents & investors a prime location.
Yacht owner? Or are you planning to have a yacht in the UAE? Dubai Harbours Marina features approximately 700 berths, which can accommodate yachts up to 160 meters / 525 feet in length. A fully serviced marina year around with top-notch technical facilities and security.
This unique maritime neighborhood is just a stone throw away from popular landmarks. Explore world famous attractions such as Burj Al Arab, or take a walk at pristine beaches. Making the property perfect if you want to live the luxurious, maritime lifestyle.
Dubai Harbour Vicinity Map. Image from: DubaiHarbour.com
Cavalli: Award-Winning Architecture
The towers is part 2 of DAMACS’s Bay Towers, designed by award-winning architect Shaun Killa’s vision of designer towers along Dubai Harbour. In partnership with his firm Killa Design and Italian fashion house Roberto Cavalli, their aim is to serve the residents iconic experiences through an architectural masterpiece.
The residential towers are set to be completed in 2028.
2. DAMAC Golf Greens
Artist’s perspective of Golf Greens by DAMAC Properties in Dubai. Image source: Metropolitan Premium Properties
Community
DAMAC Hills
Property Type
Apartments & Townhouses
Bedrooms
1, 2, & 3
Size
652 - 1,644sqft (Apartments)
Handover
2027
Starting Price
AED 1,321,000
If golfing is more of your hobby than yachts, then this property might be more suitable for you. Featuring 1-2 bedroom apartments and 2-3 bedroom townhouses, the DAMAC Golf Green property is located at DAMAC Hills. In other words, this is not a beachfront property as the previous property on this list, but still close proximity to the city center.
World-Class 18-Hole Championship Standard Golf Course
As its name suggests, the main amenity and attraction at DAMAC Golf Greens’ community is an 18-hole Championship Standard Course golf course located just next by at Trump International Golf Club—also a part of DAMAC Hills— designed by the world-renowned American golf course designer Gil Hanse. In addition, eager golfers can also find a 9-hole floodlit par 3 course and a variety of other world-class amenities that cater to every member of the family here.
Trump International Golf Club in Dubai. Image source: Tripadvisor.co.uk
Further, it’s an exceptional community that includes luxury hotels, villas and exclusive apartments. Offering comfortable leisure activities for its guest and residents. Other amenities that encompasses this four million square feet area are:
Aqua Garden
Palm Garden
The Serene Pool
Sky Golf
Island Golf
Aqua Golf
Sport fields
Wave pool
Petting farm
Dog park
Skate park, and more.
3. The Sapphire at Sheikh Zayed Road by DAMAC Properties in Dubai
Artist’s illustration of The Sapphire. Image source: NHD Real Estate
Community
Sheikh Zayed Road
Property Type
Apartments & Townhouses
Bedrooms
1, 2, 3, 4 & 5
Size
813 - 9,437sqft
Handover
2029
Starting Price
AED 2,100,000
In February 2024, DAMAC Properties in Dubai announced a new landmark set to rise along the iconic Sheikh Zayed Road right next to Safa Park—The Sapphire. This ultra luxurious development is a testimony to what DAMAC Group have grown into since its beginning in 1982. An accomplishment all involved parties should be proud of.
The Sapphire, standing 57-storey tall once completed—in addition to townhouses—is a part of the luxury lifestyle collection Safa. The Safa series of developments’ aim is boasting unique, luxurious interiors. Offering only the best of the best and the most exclusive details & amenities.
GRISOGONO: A Swiss Jewelry Maker
What’s unique with this high-rise development is the fact its interior is branded by the Swiss Jewelry maker GRISOGONO.
GRISOGONO was acquired by the DAMAC Group after filing for bankruptcy in 2020. Hence, letting DAMAC continue their business expansion into luxury and high-end fashion with a well-established brand. As a result, it’s naturally that GRISOGONO has been assigned the task to design The Sapphire’s interior. From the finest floor tiles to exclusive doors, the entire tower is thoroughly designed with architectural brilliance. Taking all this into consideration, what could be more suitable than an exterior that reassembles a yellow sapphire?
However, this is not the first DAMAC property in Dubai being designed by GRISOGONO after it became it’s subsidiary. The Sapphire will be positioned next to Safa One de GRISOGONO and Safa Two de GRISOGONO alongside Sheikh Zayed Road.
Amenities at The Sapphire
Residents will have a wide variety of amenities to enjoy for comfort and leisure. Have a workout at the gym, or take a swim in the podium infinity pool. In addition, tenants and homeowners will have access to a spa area and a green, lush Canary rooftop garden. Furthermore, penthouse residents will have access to their very own private pools.
Artist’s illustration of the exclusive details at The Sapphire. Image source: NHD Real Estate
4. Cavalli Couture at Dubai Water Canal
Artist’s illustration of Cavalli Couture. Image source: Dubai Off Plan & Metropolitan Premium Properties
Community
Dubai Water Canal
Property Type
Apartments
Bedrooms
3, 4, 5 & 6
Size
3,910-10,945sqft
Handover
2026
Starting Price
AED 16,500,000
A development where all units have their own, private pool? Yes, you read that right. At Cavalli Couture, all residents have their very own pool on their balcony in addition to the common podium lounge pools. Featuring 3 & 4 bedroom apartments, 5 bedroom duplexes and 6 bedroom penthouses; residents can relax and enjoy splendid, premium amenities & outdoor areas.
Being the second Cavalli-designed property by DAMAC Properties in Dubai on this list—designed by Killa Design in collaboration with fashion house of Roberto Cavalli—this one doesn’t disappoint either and lives up to the expectations of even the most demanding client.
Jungle Theme: Waterfalls And Lush Gardens
Being situated on one of the last empty plots of land along Dubai Water Canal, it felt natural for the developers to give the property a jungle theme. The Amazon Rainforest to be specific. Featuring cascading waterfalls and lush tropical gardens, this development creates a vibrant, relaxing & captivating environment for both guest and residents. Additionally, the architects behind DAMAC Cavalli Courture has focused a lot on the units private outdoor areas. Each unit has a total outdoor area similar in size to its indoor area, including private pool and large, wide open gardened terraces.
Cavalli Couture 5-bedroom Duplex bottom floor. Image source: Metropolitan Premium Properties
5. DAMAC Volta Tower at Sheikh Zayed Road: Healthy, Upscale living.
Volta Tower animations from: @DAMACOFFICIAL at Youtube & Kredium
Community
Sheikh Zayed Road
Property Type
Apartments
Bedrooms
1, 2, 3 & 4
Size
673-2,370sqft
Handover
2028
Starting Price
AED 2,500,000
Along Sheikh Zayed Road, just a few blocks away from The Sapphire, a luxurious architectural masterpiece will rise—DAMAC Volta Tower. Situated only 700 meters / 2,300ft away from the iconic Burj Khalifa, its location places it amidst some of the World’s most iconic attractions.
This corkscrew-shaped 60-story skyscraper will boast a wide range of upscale units ranging from 1 to 4 bedrooms. More specific luxurious 1-2 bedroom units on 2-48th floor, and 3-4 bedroom ultra luxurious apartments on 49-58th floor. Additionally, these upper floor apartments offer world-class finishes and top-notch integrated gym facilities. Offering residents a wide array of options suitable for their needs.
Sheikh Zayed Road: A Thoroughfare Connecting Landmarks
Sheikh Zayed Road—also known as E 11 Road among others—is the longest road in the Emirates. It runs parallel to UAE’s coastline along the Persian Gulf, linking its two main cities Abu Dhabi and Dubai together. It is often referred to as the main artery of Dubai, where a great number of skyscrapers has sprouted along its sides the past decades. A thoroughfare connecting important landmarks in the UAE and eventually ending up at the Omani border.
Along Sheikh Zayed Road, you’re always close proximity to Dubai Marina, Burj Khalifa, Dubai Frame, Dubai Airport, Palm Jumeirah, Safa Park and a numerous luxury hotels, beaches and shopping hubs. Making it the perfect location to reside next to for individuals who value easy connectivity. Moreover, the development’s plot of land is located next to Jam Tower and opposite to Emaar The Lofts.
Volta's Amenities: No Corners Cut by DAMAC Properties Dubai
The Volta Tower isn’t short on offerings and the developer has not cut any corners. Primarily promoting healthy lifestyles among its residents, ‘Fitness’, ‘Wellness’ and ‘Wellbeing’ are heavily emphasized into the property’s amenities.
In the 60-story tower itself and ontop of the parking podium, residents and guest will have an extraordinary selection of amenities to choose from:
State-of-the-art boxing ring
Rooftop pools
Podium lap pools
Jogging track
Climbing wall
Luxurious spa
Joga spaces
Integrated gym facilities
Mirror trainers
Trampoline park
Acupuncture studio, and much more.
Why Investing in Dubai Real Estate 2024?
Investing in real estate is often never a bad idea. But what sets Dubai apart from many other places is its favorable business and taxation climate. Unlike many of its global counterparts, Dubai does not collect annual property taxes from their real estate owners. Once a property is purchased, there’s simply no recurring taxes on that property’s value. In the long term, this will save investors lots of money.
Second, Dubai is also on the top when it comes to high rental yields. Homeowners/investors in the UAE city can see up to 8% rental yields per year. This is a higher number than other major global cities such New York City, London and Hong Kong.
Lastly, Dubai is a very, very safe place for individuals. In fact, one of the safest big cities in the world. Strict laws and a law-abiding culture among its residents, keeps crime at a minimum. It is not uncommon to leave your front door unlocked when you leave your home.
If you plan investing in property in the UAE, DAMAC Properties Dubai could be a good place to start considering their over 40 years of experience in the field, well-renowned reputation as an industry leader and their simple payment plans—also available to foreign nationals. Furthermore, their properties has so much to offer. Luxurious finishes, top-notch amenities and great locations just to mention a few.
*PremierPossible.com is not affiliated with DAMAC Properties or DAMAC Group in any way. This is not a paid sponsor or partnership. This post is solely a representation of the author’s research on the topic.
