DAMAC Properties has announced the handover of 8,800 residential units across Dubai during 2026, reinforcing its position as one of the UAE's largest private real estate developers. Alongside the handovers, the company awarded more than AED 10 billion worth of construction contracts during the first half of the year, highlighting its continued investment in expanding residential communities and maintaining project delivery momentum. The latest milestone reflects DAMAC's commitment to timely project execution despite broader regional challenges and continued growth in Dubai's real estate market.
The completed homes are spread across several of DAMAC's flagship developments, including DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, Chic Tower and Elegance Tower. These communities have become some of Dubai's most sought-after residential destinations, attracting both end-users and international investors due to their integrated amenities, modern infrastructure and strategic locations. The latest handovers add to the company's expanding portfolio of completed residential developments while supporting Dubai's growing housing demand.
Major Construction Contracts Support Future Pipeline
In addition to delivering completed homes, DAMAC awarded construction contracts exceeding AED 10 billion during H1 2026. The contracts will support the development of upcoming residential communities and strengthen the company's long-term project pipeline. According to the developer, strategic partnerships with contractors, improved operational efficiency and technology-driven construction processes continue to play a key role in maintaining delivery schedules and construction quality across multiple projects.
Consistent Project Delivery Despite Regional Challenges
Managing Director Ali Sajwani stated that the developer remains committed to delivering every promised home without disruption or delay. Despite regional geopolitical tensions earlier in the year, DAMAC maintained construction progress, operational continuity and scheduled handovers across its projects. The company emphasised that quality, execution and customer confidence remain central to its delivery strategy as Dubai continues to attract property buyers and investors from around the world.
Strong Development Track Record
Since its establishment in 2002, DAMAC Properties has delivered more than 50,000 residential units across the UAE and international markets. The company currently has over 54,000 units under construction, demonstrating the scale of its ongoing development pipeline. Over the past year, DAMAC has also expanded its global profile through partnerships with organisations such as Chelsea Football Club and Oracle Red Bull Racing, while continuing to launch new residential communities in Dubai.
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Supporting Dubai's Growing Real Estate Market
Dubai's residential market has continued to experience strong demand from local and overseas buyers, supported by economic growth, investor-friendly regulations and expanding infrastructure. Developers such as DAMAC have responded by accelerating project deliveries and introducing new master-planned communities that cater to a wide range of buyers. The latest handovers contribute additional housing supply while reinforcing confidence in Dubai's long-term property market.
- 8,800 residential units handed over across Dubai in 2026.
- Over AED 10 billion in construction contracts awarded during H1 2026.
- Handovers include DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, Chic Tower and Elegance Tower.
- More than 50,000 homes delivered since the company's establishment.
- Over 54,000 residential units remain under construction.
- DAMAC continues expanding through strategic partnerships and new project launches.
Momentum Continues Across DAMAC's Residential Portfolio
The handover of 8,800 homes and the award of more than AED 10 billion in construction contracts underline DAMAC's continued focus on execution and long-term growth. As Dubai's residential market maintains strong demand from homeowners and investors, the developer's expanding pipeline and timely project deliveries are expected to support the emirate's broader real estate growth while adding high-quality housing across key master-planned communities.
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