DAMAC

DAMAC Properties is part of DAMAC Group, which has been operating in the luxurious real estate industry since 1982. The company’s main focus is residential, commercial, and hospitality construction.

The company mainly operates all over the GCC region. However, DAMAC also has other unique projects in various other countries, including Qatar, Saudi Arabia, Lebanon, Jordan and the United Kingdom.

The company was founded by its head, Hussain Sajwani, and is now one of the largest in its sector in the UAE.

DAMAC is also a member of the Middle East Investor Relations Association and has been listed on the Dubai Financial Market since 2015. The DAMAC group includes such subsidiaries as:

  • DAMAC Hotels and Resorts
  • DAMAC Maison Hospitality
  • DAMAC Real Estate Development
  • DAMAC International
  • DAMAC Properties Development

The company has a diverse range of projects in its portfolio, including skyscrapers, communities and branded residences. DAMAC has built over 46000 properties already, and more than 3300 are in development.

It also has over 100 awards all over the world in different categories, including architecture and interior design nominations, hospitality and many others.

TOWNHOUSES

AED 1.800.000

Natura Townhouses - DAMAC Hills 2

TOWNHOUSES

AED 1.870.000

Violet 4BR Townhouses in DAMAC Hills 2

TOWNHOUSES

AED 1.830.000

DAMAC Lagoons Malta 4 & 5BR Townhouses

TOWNHOUSES

AED 1.900.000

DAMAC Water Vein 4 & 5 BR Townhouses

Home Buying Cheat Sheet

Our Home Buying Cheat Sheet is designed to help you navigate the complexities of purchasing a home with ease. Whether you’re a first-time buyer or seasoned in real estate, this guide provides essential tips and insights to streamline your experience.

Best Real Estate Areas

Leading Dubai Developers

FAQ

Foreigners can buy property in Dubai and are eligible to apply for a mortgage from both national and private banks. The criteria and terms for loans vary by bank, based on factors such as income and residency.

Investing in Dubai is beneficial due to the absence of property taxes, a growing population, favorable visa policies, strong rental yields, and competitive property prices.

Foreigners are allowed to own 100% of the property in designated “freehold” areas in Dubai, as per the government’s policy.

When compared to many other cities globally, Dubai offers relatively affordable real estate prices per square foot, making it an attractive location for personal property investments.

Foreign investors can obtain a UAE residency visa for ten years by purchasing real estate worth at least AED 2,000,000 in the Freehold Zones, where foreigners are allowed to buy property.

As a property owner in Dubai, you can apply for a renewable 2-year residence visa, provided you maintain ownership and visit Dubai at least once every 180 days.

Get expert guidance: request your free consultation call now!