Register · Dubai and Abu Dhabi
DAMAC as a counterparty: what is published
Who signs the contract when you buy from DAMAC, what the company publishes about what it has delivered, why its own totals disagree, and where our knowledge of it stops.
- Checked2026-09-12
- Documentslisted at the foot of the page
The company
Private since 2022, and what that means for you
A private company publishes no audited accounts. Nothing on this page has been through an auditor, and we would rather say so than imply otherwise.
DAMAC Properties was founded in 2002 by Hussain Sajwani, and members of the founding family hold the managing director and board roles today. It traded on the Dubai Financial Market until 2022, when it delisted; that is reported by The National and we could not find the exchange's own notice, so it is carried as a report and not as a filing.
The consequence is visible in the figures. Where Aldar is listed and files audited accounts, DAMAC states the number of homes it has delivered on its own pages, and on one day in September 2026 its about page, its area guide and its blog gave three different totals. This page carries the newest dated release and nothing else.
- 2002Founded as the development arm of the DAMAC group
Founder Hussain Sajwani; Ali and Amira Sajwani are managing directors and Abbas Sajwani sits on the board. The developer's own about page gives the year and nothing finer.
- 2022Delisted from the Dubai Financial Market; private since
Reported by The National on 7 March 2022. We found no primary notice from the exchange or the regulator, so the dates and the buy-out figures in that report are not published here as facts.
- September 2026Own release: homes handed over to date
over 50,000DAMAC delivered and over 55,000DAMAC in the pipeline, by DAMAC's own press release. Its other pages state the delivered figure two further ways on the same day; this is the newest dated one and the only one carried.
- 2026Own release: handovers planned for the year
8,800DAMAC units, of which DAMAC Lagoons is named the largest component with about 6,300DAMAC homes.
- LandOver a hundred million square feet in planning and construction
DAMAC's own figure, in square feet, on its about page. We do not convert a figure the developer did not convert.
- —Delivery record: not held by us
No list of what was handed over, where and when exists in DAMAC's materials. There is an aggregate and no breakdown behind it, and the aggregate itself is stated three different ways across the company's own site.
Who signs
The brand is not the counterparty
DAMAC registers its communities to separate project companies, and it is one of those, not DAMAC Properties, that appears on the contract and holds the escrow account.
In the Land Department's register the clusters of DAMAC Lagoons stand under Island Oasis Properties, the first phase of DAMAC Islands under DAMAC Elite Investment, and its second phase under DAMAC Prime Development. The brand is one; the legal entities are several, and each registered project has its own escrow account.
The register also uses its own names for places. Lagoons is filed under Al Hebiah Fifth and Islands under Al Yelayiss 1, not under Dubailand. Ask us for the register entry and you get the entity, the project number and the escrow account, which is the part of a purchase that is checkable.
In the register
Its communities on these pages
DAMAC's own menu names DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, DAMAC Islands, DAMAC Islands 2, DAMAC Riverside and DAMAC Sun City, alongside towers in Business Bay and the DIFC. Our snapshot of the Land Department's register holds 17Land Department projects under DAMAC entities, and the snapshot is partial: it is not a portfolio count.
- Not listedAsk about it
A project of theirs that is not on this page
Name the address and we send what is registered, what is published and what is not, with the source beside each line.
What we will not tell you
Where our knowledge stops
The gaps below are the honest part of this page. Every competitor fills them, and none of them can show you the document.
The sentence a buyer wants is a list: this community, handed over on this date, this many homes. DAMAC publishes an aggregate and no breakdown, so the list cannot be written from anything we hold. We leave the gap visible rather than fill it with an impression.
- Homes delivered, as a checkable number—
on one day in September 2026 the company's about page, its area guide and two of its blogs gave three different totals; we carry the newest dated release and treat the rest as unpublished
- Delivery, project by project—
no list of community, date and unit count exists in any DAMAC material, so the sentence a buyer actually wants cannot be written
- Share delivered on time—
not published, and not something we will estimate
- Audited accounts—
the company has been private since 2022 and publishes none; nothing here has been through an auditor
- The 2022 buy-out figures—
the price per share and the sum paid appear only in press coverage, and we could not find the exchange or regulator notice behind them
- Founding date—
the year is published and nothing finer; the company's own timeline loads its contents with scripts and returns nothing to a plain fetch
- Completion percentages—
the register carries them and we read them; they are for assessing a counterparty, not for putting in front of a buyer as a warning
Checked 2026-09-12
Documents
What this page rests on
The developer's own pages and two dated releases, carried with attribution; one press report for the delisting; and the Land Department's register for everything about who signs.
- Developer
DAMAC's about and history pages, read 12 September 2026
Founding year, founders, the land figure and the community list, with attribution.
- Releases
DAMAC's press releases, September 2026
The delivered total, the pipeline and the handover programme for the year.
- Press
The National, 7 March 2022
The delisting from the Dubai Financial Market. Secondary: no primary notice was found.
- Register
Dubai Land Department, project register, 12 September 2026
The projects registered to DAMAC's legal entities, their escrow accounts and their zones.
- As filesSend the documents
The documents, as they stand today
The pages, the releases and the register entries as they stand on the day you ask, with the lines this page uses marked.
Talk to us
Ask about a specific project
Name the address and we send the registered entity, the project number and the escrow account where the register holds them, and say plainly what is not published.