DAMAC Properties: Focusing on Global Growth and Dubai’s Real Estate Market
Strong Demand from Indian Investors
Sajwani highlighted the unwavering interest from Indian buyers in Dubai’s real estate. This consistent demand and investor confidence reinforce the long-term appeal of Dubai as a real estate destination. Additionally, DAMAC’s brand presence resonates strongly in India, indicating a solid connection with potential investors.
Concentrating on Global Operations
When discussing the possibility of DAMAC Properties entering the Indian market, Sajwani clarified that the company’s current focus is elsewhere. For now, DAMAC is committed to expanding its global operations and enhancing its project delivery within Dubai, alongside other international markets.
No Immediate Plans for India
Despite recognizing the interest from Indian investors, Sajwani stated that there are no public plans to launch new real estate projects in India at this time. The strategy remains focused on areas where DAMAC has a significant foothold in development and regulatory frameworks, emphasizing a methodical approach to expansion.
Launch of DAMAC Shared Services India
In a recent move signaling growth, DAMAC Group introduced its new global services division, DAMAC Shared Services India (DSSI). This addition reflects the company’s commitment to enhancing its operational effectiveness while maintaining a robust presence in existing markets.
Promising Forecast from S&P Global Ratings
S&P Global Ratings has recently taken note of DAMAC’s strong market position. As the second-largest residential developer in Dubai, trailing only Emaar Properties, DAMAC has experienced a surge in demand for residential properties. According to the agency, DAMAC has logged an impressive estimated $6 billion in sales from both new and existing properties, with projections extending through September 30, 2025.
Increasing Revenue Backlog
The financial health of DAMAC continues to show promise. As of September 30, 2025, the company reported a revenue backlog of $20 billion, rising from $18 billion at the end of 2024. This backlog serves as a significant indicator of future growth and stability, highlighting the company’s strong development pipeline that currently comprises over 54,000 units. Remarkably, 70% to 80% of these units have been sold even before their completion.
Strong Delivery Record
Sajwani also noted DAMAC’s success in delivering homes, with over 50,000 properties completed thus far. The company has plans for substantial launches this year, which will further enhance its delivery pipeline and overall performance. Recently, DAMAC inaugurated a sales office in Egypt, reflecting its broader international ambitions.
Achievements in Community Deliveries
One of the recent milestones for DAMAC was the handover of the Santorini cluster at DAMAC Lagoons. This event marks a significant achievement in the company’s community development efforts within Dubai. Sajwani expressed optimism about maintaining this momentum, with multiple property handovers scheduled in the upcoming year as part of their expanding development portfolio.
Future Growth Expectations
Looking ahead, DAMAC projects significant revenue growth over the next two years. This optimistic outlook is bolstered by a robust backlog of projects, ongoing launches, and strong sales activity moving into 2025. With a solid foundation and high market confidence, DAMAC is well-positioned to capitalize on the strong demand within Dubai’s real estate sector.
Through strategic planning and careful execution, DAMAC Properties continues to solidify its status as a leading player in the real estate market, both regionally and internationally.
