Tier 3 Partner
DAMAC Properties
DAMAC built its reputation around fully-fitted branded residences — collaborations with Roberto Cavalli, de GRISOGONO, Versace, and others — placing furnished interiors at the centre of the offering. Current Dubai launches include Cavalli Tower at the Marina entry and Safa Two by de GRISOGONO at Business Bay.
- Founded
- 2002
- Headquarters
- Dubai, UAE
- 2 projects
- 2
- Website
- www.damacproperties.com
Residences by DAMAC Properties
Residences →▸ Frequently Asked Questions
Buying from DAMAC Properties, what to know.
Can foreigners buy property in Dubai?
Yes. Since 2002, non-UAE nationals can buy 100% freehold property in designated zones across Dubai, with full ownership rights, no nationality restrictions, and no requirement to be physically present in the UAE for the purchase.
Read answer →Are Dubai off-plan property investments safe?
Yes, when bought from a RERA-licensed developer through proper channels. All off-plan funds in Dubai must be held in escrow accounts supervised by the Real Estate Regulatory Agency (RERA); developers can only draw against verified construction milestones. Combined with the major developers' track records since 2002, this makes Dubai one of the most regulated off-plan markets globally.
Read answer →How does the Dubai off-plan payment plan work?
A typical Dubai off-plan payment plan requires 10–20% on signing, 40–60% spread across construction milestones over 2–4 years, and the balance at handover. Major developers offer post-handover plans extending payments 2–5 years after key collection, with no interest. All payments go to a RERA-supervised escrow account, not the developer.
Read answer →Can foreigners get a mortgage in Dubai?
Yes. UAE banks offer mortgages to non-resident foreign buyers at loan-to-value (LTV) ratios up to 50–60% (resident foreigners qualify for up to 80%). Typical interest rates in 2026 range from 4.5% to 6.5% fixed for 1–5 years, with terms up to 25 years. Mortgages are generally only available on completed property, not off-plan.
Read answer →What ROI do Dubai off-plan properties deliver?
Dubai off-plan property has historically delivered total returns of 15–25% per year, combining capital appreciation (typical 8–15% p.a. between launch and handover) with rental yields of 6–9% on completed property. Net returns after costs typically run 12–18% IRR for the buyer who holds through handover and into the rental phase.
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