DAMAC Properties

DAMAC Properties Track Record: Deliveries, Ratings and How to Check a Project

Reviewed by Juan Mejia · 13 October 2026

Readers looking up damac properties reviews should separate the developer’s reported delivery totals from Dubai Land Department records, then verify the registration and payment terms for the exact project before paying. DAMAC’s website, checked on 1 October 2026, reports more than 50,000 homes delivered and over 54,000 in planning or progress. The public record also includes project-register counts, credit ratings and debt issuance, but none of these replaces a buyer’s own checks on a particular unit.

What the delivery record shows

DAMAC’s share-market history is relevant when assessing which information is publicly available. The company listed on the Dubai Financial Market in 2015 and was formally delisted on 31 May 2022 after a founder buyout, according to DAMAC’s company history and a Nasdaq Dubai filing. DAMAC is therefore not currently listed. Since the delisting, buyers can review company disclosures and regulator records, but should not treat its website figures as audited comparisons with publicly listed developers.

The company’s reported total provides one view of delivery. A separate check is the Dubai Land Department’s project register, which classifies projects by developer entity. As at 1 October 2026, the register showed 192 projects under entities named DAMAC: 94 finished projects with 28,021 units, 66 active projects with 30,926 units, and 32 cancelled registrations covering 476 units, according to the DLD project-status register. Of those cancelled registrations, 29 had five units or fewer, based on the same dated register.

The totals change when related project companies are included. The DLD register, matched by contact email to include companies such as the DAMAC Lagoons project entity, showed 291 projects as at 1 October 2026: 138 finished projects with 45,360 units and 120 active projects with 53,096 units, according to the DLD register. These counts use different entity-matching approaches, so check the entity named in the sale documents rather than reading either total as a complete measure of every DAMAC-linked project. Cancelled registrations can also reflect administrative changes; unit counts and the record for the specific project offer more useful context than a project count alone.

Future handovers should be treated as targets, not completed deliveries. On 1 September 2026, Khaleej Times reported that DAMAC was aiming for more than 8,800 handovers during 2026, including about 6,300 in DAMAC Lagoons, citing the developer’s announcement in its handover report. A stated target is not evidence that a particular home has been completed.

Ratings and financing disclosures

DAMAC’s ratings page lists a Moody’s Ba1 rating with a stable outlook from April 2025 and an S&P BB rating from February 2024, as shown on the company’s credit and ESG ratings page. Credit ratings assess an issuer’s credit risk. They are useful context for considering the company’s financial position, but they do not certify a project, guarantee completion or replace a review of the purchase contract.

Debt issuance is another part of the public record. On 30 January 2026, Reuters reported that DAMAC raised USD 600 million through a sukuk with a 3.5-year term and a 6.125% rate, in its report on the issue. Consider this alongside the published ratings and your own review of the project documents, rather than as a stand-alone measure of the prospects of an individual property.

How to check a DAMAC project with the DLD

Search the project in the DLD Project Status service or Dubai REST before making a payment. The DLD says the service displays the project’s status, completion percentage, planned completion date, unit information and escrow account details. A pending launch may not yet appear, so ask the sales team for the project’s registered name and number and check again when registration is available through the DLD and Dubai REST services.

Match the public record to the paperwork. Confirm that the project name and developer entity on the reservation form and sale agreement correspond to the DLD entry. Check the escrow account information against the registered project, and ask for written confirmation of the current completion plan. A planned date is a forecast, not a promise. For general guidance on the process and documents involved, see our Dubai off-plan buying guide.

For area context, use our guides to DAMAC Hills, DAMAC Lagoons and DAMAC Islands. Buyers comparing developers can also use our Emaar and DAMAC comparison as a framework for questions, rather than as a verdict on which developer or project to choose. Our DAMAC Islands launch background provides further project context.

Check the offer, payment schedule and SPA

An offer can change the amount due at booking without changing the later instalments. The DAMAC Islands 2 offer page, checked on 1 October 2026, advertised townhouses from AED 3,550,000 with a 16% down payment and a limited-time waiver of the 4% DLD fee; the page did not publish a full payment schedule. Check the offer terms directly, and ask whether the waiver is written into the sale and purchase agreement (SPA).

For one worked example at the advertised starting price, the figures below show the initial cash requirement if the offer applies. The DLD’s initial-sale registration information sets out the fee basis and AED 20 charge; the offer terms specify the down payment and waiver.

• AED 3,550,000 × 16% down payment = AED 568,000, based on the offer page checked on 1 October 2026.
• AED 3,550,000 × 4% DLD fee = AED 142,000, using the fee information on the DLD initial-sale registration service.
• AED 568,000 + AED 142,000 + AED 20 = AED 710,020 due at booking without the waiver, using the same DLD registration fee information.
• With the 4% fee waived, AED 568,000 + AED 20 = AED 568,020, which means AED 142,000 less cash at booking, subject to the limited-time offer terms applying to the purchase.
• For financing context, AED 3,550,000 × 60% = AED 2,130,000 as a modelled investment-loan amount at handover under the Central Bank mortgage rules; lender approval and individual eligibility still apply.

The remaining 84% of the purchase price is the larger commitment to understand. Before paying, request the full instalment schedule and handover date in writing, check that the fee waiver appears in the SPA, and confirm what happens if the advertised terms differ from the final contract.

Make the decision project-specific

Company-level delivery totals and ratings provide background, while the DLD record and signed documents help you assess the property in front of you. Confirm the registered project entity, escrow details, current status, written payment obligations and the terms of any promotion before transferring funds. If you would like help reviewing a DAMAC project or its payment terms, contact M&M Real Estate to discuss your requirements.