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Tag: DAMAC Properties

  • Dubai Property Market Shows Strength Across All Price Segments in 2026

    Dubai Property Market Shows Strength Across All Price Segments in 2026

    A new market analysis has revealed that Emaar generated the highest value of residential sales transactions in 2026 so far, recording Dh30.6 billion in sales—83.2 percent higher than second-placed DAMAC at Dh16.7 billion.

    The figures, released by fäm Properties on July 23, 2026, highlight a market driven by demand at multiple price points rather than concentration in a single segment. The top ten developers collectively recorded 36,808 residential sales transactions worth Dh86.8 billion as of July 22.

    Luxury homes continued to attract high-value buyers, with Emaar leading sales of properties priced above Dh15 million through 387 transactions worth Dh8.4 billion. Omniyat followed with 212 transactions valued at Dh6.5 billion, while H&H completed 178 deals worth Dh6.9 billion. In total, developers sold 1,248 luxury properties worth Dh35.16 billion during the period.

    The fact that Dubai’s leading developers have been driving sales across both the luxury and affordable segments throughout the year is a clear sign of market strength.

    Firas Al Msaddi, CEO of fäm Properties, said the figures reflect a diversified market supported by both investors and end-users.

    At the affordable end of the market, Azizi emerged as the dominant player, recording 8,411 residential sales transactions overall—the highest among all developers—with more than 8,000 sales concentrated in properties priced below Dh2 million. Binghatti ranked second in the affordable segment with 4,268 transactions, followed by DAMAC with 2,247 deals.

    The analysis also highlighted the scale of ongoing development activity. Emaar has delivered nine projects and 3,819 units this year, more than any other developer, and currently has 150 projects under construction, representing the largest pipeline in the market. DAMAC ranked second with seven completed projects, 2,591 delivered units and 113 projects under construction.

    Meanwhile, Reportage has been the most active developer in launching new projects in 2026, introducing 16 developments to the market. The company also ranked among the top ten developers in both overall sales volume and affordable housing transactions.

    The report suggests that Dubai’s property market continues to benefit from a combination of robust luxury demand and sustained activity in the affordable housing segment, supporting growth across a wide range of developers. This aligns with broader market trends showing stabilization in the second quarter of 2026 as the emirate’s real estate sector matures.

    The strong performance across price segments reflects confidence among both international investors and end-users, particularly as foreign buyers remain active in Dubai’s residential market throughout 2026.

  • ADIB and DAMAC Launch Home Financing Plan with 85% Loan-to-Value

    Abu Dhabi Islamic Bank (ADIB) and UAE real estate developer DAMAC Properties have unveiled a landmark financing solution designed to lower the barriers to homeownership for individuals and families across the Emirates.

    The comprehensive plan provides DAMAC customers with financing of up to 85 percent of the property value on handover, along with subvention equivalent to finance profit charges for up to six months. The offering also waives property valuation fees and includes complimentary property takaful (Shariah-compliant insurance), significantly reducing upfront costs for buyers.

    “True leadership is about anticipating the needs of the people you serve to meet aspiration with opportunity,” said Amira Sajwani, Managing Director of DAMAC Properties. “Through our collaboration with ADIB, we are making homeownership simpler and more affordable to individuals and families. In a world of rapid change, the dream of owning a home should be a constant, so we will continue to build pathways to stability and prosperity to support families in finding a place to call their own.”

    The partnership reflects a shared vision to enhance the homeownership experience and provide flexible financing solutions that support the sustainable growth of the UAE’s real estate sector. It also underscores both parties’ commitment to expanding homeownership opportunities and supporting the long-term stability of residents.

    Amit Malhotra, Global Head of Retail at Abu Dhabi Islamic Bank, described the partnership as “a clear demonstration of ADIB’s commitment to revolutionizing the customer experience as part of its vision for 2035.” He noted that by combining strategic collaborations with leading solutions, such as the bank’s new digital onboarding journey launched in February that reduced home finance application times from days to minutes, ADIB is making its vision of becoming the world’s most innovative Islamic bank a reality.

    The initiative arrives as the UAE removes minimum property value thresholds for residency visas, further opening the market to a broader pool of investors and first-time buyers. Recent data shows that property buyers continue to show strong intent despite expectations of price corrections, with 68% of active seekers planning to purchase within six months.

    The collaboration positions both institutions at the forefront of efforts to support residential ownership in line with the advanced position the UAE real estate market has achieved. By combining high loan-to-value ratios with reduced fees and insurance coverage, the plan addresses key financial obstacles that have traditionally hindered homeownership for many residents.