DAMAC Projects in Dubai: Prices, Clusters and the Delivery Record
DAMAC is the second-largest developer in Dubai and the one most likely to come up when a buyer's budget is a townhouse rather than an apartment. It has handed over 50,000 homes since 2002 and has more than 54,000 units under construction — a pipeline second only to Emaar's.
It is also the developer where the delivery date needs the most scrutiny. This page lists every DAMAC project we track with its real starting price, and is straight about what the handover record shows.
Key Takeaways
- 50,000 homes delivered, 54,000+ under construction, with 8,800 handovers targeted this year across DAMAC Hills, Hills 2, Lagoons and the branded towers.
- On-time delivery runs around 82% — the weakest of the five major developers, against Emaar's 92%.
- Land Department data shows DAMAC's 2023-24 handovers averaged six to twelve months late. Price that delay into your plan rather than hoping against it.
- Entry price in the table below is AED 1.49 million for a ready three-bedroom townhouse at Santorini, though a studio at Park Town in DAMAC Hills starts at AED 821,000. Most of the range sits between AED 1.5 and 3 million.
- Santorini is the proof the Lagoons masterplan is real — the first cluster to hand over, in November 2025, about a quarter after its target. Better than the company's own norm.
The delivery record, stated plainly
| Measure | DAMAC |
|---|---|
| Homes delivered since 2002 | 50,000 |
| Units under construction | More than 54,000 |
| Handovers targeted this year | 8,800 |
| On-time delivery rate | About 82% |
| Average lateness, 2023-24 handovers | 6 to 12 months |
| Construction contracts awarded, first half of this year | USD 2.72 billion |
An 82% on-time rate is not a reason to avoid DAMAC. It is a reason to plan around it. If you are buying off-plan on a payment plan tied to milestones, a six-month slip moves your handover instalment and your first rent cheque by six months. Budget for it, and do not commit to a tenancy or a school year that depends on the printed date.
The DAMAC projects we track, by starting price
| Project | Community | From | Type | Printed handover |
|---|---|---|---|---|
| Santorini | DAMAC Lagoons | AED 1.49 M | 3-5 BHK townhouse | Delivered Nov 2025 |
| Malta | DAMAC Lagoons | AED 1.75 M | 4-5 BHK townhouse, 7 BHK villa | Dec 2026 |
| Marbella | DAMAC Lagoons | AED 1.9 M | 4-5 BHK townhouse | Jun 2026 |
| Monte Carlo | DAMAC Lagoons | AED 1.9 M | 3-5 BHK townhouse | Apr 2026 |
| Ibiza | DAMAC Lagoons | AED 2.1 M | 4-5 BHK townhouse | Jun 2026 |
| Mykonos | DAMAC Lagoons | AED 2.47 M | 4-5 BHK townhouse | Dec 2025 — date passed |
| Cavalli Tower | Dubai Marina / Media City | AED 2.9 M | 1-4 BHK, duplex, penthouse | Dec 2026 |
| Morocco | DAMAC Lagoons | AED 2.99 M | 4-6 BHK townhouse and villa | Dec 2026 |
Read the last column carefully. Mykonos still carries a printed handover of December 2025 while the project is under construction — that is exactly the pattern the Land Department lateness data describes. Ask for the current date in writing before you sign anything, on that project and on every other one here.
Two DAMAC communities are missing from that table for now. We have written pages for ten projects across DAMAC Hills and DAMAC Hills 2 — the golf community on Al Qudra Road and its larger sibling — and they will be linked here as each goes live. They matter to the price picture: Park Town studios start at AED 821,000 and Prestige Villas in DAMAC Hills 2 at AED 1.24 million, both below anything in the Lagoons. If that is your budget, the Dubai project list is where those pages appear first.
DAMAC Lagoons: seven clusters, one masterplan
Seven of the eight projects sit in DAMAC Lagoons, a Mediterranean-themed community of townhouse clusters on Sheikh Zayed Bin Hamdan Al Nahyan Street. Each cluster is named after a destination and differs mostly in facade, size and price rather than in substance.
The ladder is straightforward. Santorini at AED 1.49 million is the cheapest and the only one delivered. Malta, Marbella and Monte Carlo run AED 1.75 to 1.9 million for four and five-bedroom townhouses of roughly 2,270 to 3,470 sq ft. Ibiza and Mykonos sit above them, and Morocco tops the community at AED 2.99 million with villa plots running to about 17,500 sq ft.
Santorini matters more than its price suggests. It handed over in November 2025, roughly a quarter after the Q3 2025 target — late, but far better than DAMAC's 2023-24 average, and it is physical evidence that the masterplan gets built rather than redrawn. If you are buying an unbuilt cluster here, Santorini is the closest thing to a guarantee you have. Our DAMAC Lagoons guide covers the community itself — the lagoons, the service charges, the commute and the resale market.
Cavalli Tower: the branded high-rise
Cavalli Tower is the other side of DAMAC's business — a 71-floor, 436-unit beachside tower between Dubai Marina and Dubai Media City, with Roberto Cavalli interiors and architecture by Shaun Killa. Entry units of about 867 to 1,004 sq ft, from AED 2.9 million on the source listing, with penthouses from AED 16.2 million.
The AED 1 billion tower has topped out, which removes most of the construction risk that applies to an unbuilt Lagoons cluster. What you are paying for above the Marina average is the brand and the beach position. Whether that resells is a separate question from whether it gets built — branded stock in Dubai tends to hold its premium in a rising market and give it back faster in a falling one. Our Dubai Marina guide has the comparable pricing.
How DAMAC compares with Emaar on the same budget
| DAMAC | Emaar | |
|---|---|---|
| Cheapest townhouse in the table above | AED 1.49 M (Santorini, ready) | AED 1.79 M (Ruba, ready) |
| On-time delivery | About 82% | About 92% |
| Homes delivered since 2002 | 50,000 | More than 130,900 |
| Payment plans | Longer, more post-handover | Shorter, mostly during construction |
| Resale liquidity | Good in DAMAC Hills, thinner in newer clusters | Deep in the established communities |
The honest summary: DAMAC gets you into a townhouse for less money and on an easier plan, and Emaar gets you a shorter wait and a deeper resale market. On a ready unit that difference narrows to almost nothing, which is why Santorini at AED 1.49 million is the most interesting number on this page. Our Emaar project list has the other side of that comparison.
What to check before you book a DAMAC unit
- Get the current handover date in writing, not the one on the brochure. On a project where the printed date has already passed, that is not optional.
- Check the escrow account and the RERA project number before any payment. Every off-plan project must have both.
- Model a six-month delay into your cash flow. If a six-month slip breaks your plan, buy something that is already built.
- Compare the cluster against Santorini's resale prices, not against the launch price of the cluster next door. A delivered comparable is worth more than a brochure.
- Budget 6 to 7% in fees on top of the price — the cost breakdown works through it.
FAQs
Is DAMAC a safe developer to buy off-plan from?
Yes, with a caveat that has a number attached. It is one of the two or three largest developers in Dubai and it finishes what it starts — Santorini proves that in DAMAC Lagoons. But at 82% on time, and with 2023-24 handovers averaging six to twelve months late, you should treat the printed date as an estimate.
What is the cheapest DAMAC property in Dubai?
On our list, a three-bedroom townhouse at Santorini from AED 1.49 million — and it is already handed over, so there is no construction risk on it at all.
Are the DAMAC Lagoons clusters actually different?
Mostly in facade, size and price. The masterplan, the amenities and the service charges are shared. Choose on the size and the handover date rather than on the theme.
Do DAMAC townhouses rent well?
Townhouses in the outer communities typically yield 5 to 7% gross, better than a Downtown apartment and below a studio in JVC. The yield by area page has the comparison. Tenant demand in Lagoons will follow the schools and the retail, both of which are still filling in.
Can a foreign national buy a DAMAC property?
Yes — DAMAC Lagoons and Dubai Marina are both designated freehold areas, so the title deed is issued in your name. The ownership rules cover the detail.
Where to go from here
If a townhouse is what you want, start with Santorini's resale prices and work outwards — it is the only delivered comparable in the community. The full Dubai project list carries every developer we track, and the developer comparison puts DAMAC's record beside the rest.
If you want help pricing a specific cluster against what has actually sold, that is the kind of question the Realty Hunting team answers for Indian and NRI buyers every week.
