Located in Dubailand, DAMAC Islands is the sixth master development in DAMAC’s portfolio
DAMAC Properties Records AED 10 Billion in Sales for DAMAC Islands Project
DAMAC Properties has achieved a remarkable milestone, surpassing AED 10 billion ($2.72 billion) in sales with over 3,100 units sold in its newly launched DAMAC Islands project.
The project’s November launch was accompanied by a high-impact marketing campaign that drew global attention. Featuring an impressive lineup of celebrity brand ambassadors, the campaign included Bollywood legends Amitabh Bachchan, Ranveer Singh, and Sara Ali Khan, alongside two-time boxing champion Amir Khan, renowned football coach John Terry, and celebrated Lebanese actress Nadine Njeim.
Hussain Sajwani, Founder and Chairman of DAMAC Properties, expressed his pride in the project’s success. “This incredible sales performance underscores the trust placed in Dubai’s thriving real estate market, our vision, and the distinct appeal of DAMAC Islands. We remain dedicated to delivering world-class developments that resonate with our clients’ aspirations,” Sajwani stated.
Nestled in Dubailand, DAMAC Islands represents the company’s sixth master-planned development, designed to bring a slice of paradise to Dubai. Drawing inspiration from some of the world’s most iconic island destinations, the project features six clusters: Maldives, Bora Bora, Seychelles, Hawaii, Bali, and Fiji. Each cluster is meticulously designed to offer residents a unique, luxurious lifestyle experience.
As demand for community-centric developments grows, DAMAC Properties has been at the forefront of Dubai’s real estate expansion. In 2023 alone, the company added three new master-planned communities, bringing its total development portfolio to nearly 250 million square feet. With a legacy spanning over 20 years, DAMAC continues to cater to diverse client needs, ranging from young professionals and families to high-net-worth investors seeking luxury properties.
Dubai’s real estate sector remains robust, with luxury property transactions surging in 2024. The first half of the year saw real estate transactions exceed AED 230 billion ($62.6 billion), reflecting a 25% growth compared to the same period in 2023.
Looking to the future, the UAE’s economy is projected to grow by 5% in 2025, fueled by extensive infrastructure developments and a strong focus on sustainability. This optimistic outlook positions Dubai’s real estate market as a prime destination for both local and international investors seeking long-term value.
