Staff Report
Dubai, UAE
Property buyers, investors and brokers snapped Dh10 billion worth of properties at Damac Islands in the first ten hours of its launch, a top official revealed to Gulf Property, that reflects a strong investor appetite for quality homes in Dubai.
Damac Properties launched Damac Islands – a master-planned community in he middle of an empty desert sandscape at the outskirts of Dubai city – in November 2024, in the presence of Bollywood stars Ranveer Singh and Sara Ali Khan.
Hussain Sajwani, Founder and Chairman of DAMAC Properties, commented, “This unprecedented sales achievement reflects the market’s confidence in Dubai, our vision, and the unique appeal of DAMAC Islands. We remain committed to delivering exceptional projects that meet the evolving needs of our clients.”
Located in Dubailand, Damac Islands is the sixth master development in it’s portfolio. Inspired by renowned island destinations, the project comprises six clusters – Maldives, Bora Bora, Seychelles, Hawaii, Bali, and Fiji.
Mohammed Tahaineh, General Manager of Projects at Damac Properties, told Gulf Property in an exclusive interview, “This year has been exceptionally successful for Damac, underscoring our robust position as a leader in the market and the strong demand for luxury properties. We launched several new projects that were met with outstanding reception. Notably, Lagoon Views and Sun City both sold out within just a few hours of their release, highlighting the high desirability of our developments.
“Additionally, Damac Islands, our largest launch of the year, achieved remarkable sales, with units valued at Dh10 billion selling out in under 10 hours. These achievements reflect our strategic approach to development and growth, with both local and international buyers looking for high-end and integrated living experiences.”
Ends
Also read: Damac Properties unveils Damac Islands in Dubailand
