Dubai Developer DAMAC Crosses 50,000 Home Handovers, Targets 8,800 More in 2026
A Major Milestone for DAMAC Properties
DAMAC Properties has reached an important milestone in Dubai’s residential sector, crossing more than 50,000 home handovers since the company was established in 2002. The achievement reflects the scale of DAMAC’s development portfolio and its long-standing presence in the UAE’s property market.
The developer is now preparing for another significant year of deliveries, with more than 8,800 homes targeted for handover in 2026.
Over 8,800 Homes Expected to Be Delivered in 2026
DAMAC’s upcoming delivery programme covers several established and high-profile communities across Dubai. These include DAMAC Lagoons, DAMAC Hills, DAMAC Hills 2, Chic Tower and Elegance Tower.
The planned completions are expected to add thousands of new residences to Dubai’s housing supply, giving buyers and residents more options across different locations and property segments.
DAMAC Lagoons Takes Centre Stage
A large portion of the 2026 delivery target is expected to come from DAMAC Lagoons, where around 6,300 homes are planned for handover.
The community has gained attention for its villa and townhouse offerings, combining residential living with a lifestyle-focused environment. Its progress will be closely watched as the developer moves through its latest completion cycle.
Strong Progress Across DAMAC Hills 2
DAMAC Hills 2 is another key project contributing to the company’s delivery plans. More than 1,500 villas are targeted for completion during 2026.
The development continues to appeal to buyers seeking larger homes and community-oriented living, particularly those looking beyond Dubai’s central urban districts.
Billions Invested in Construction
DAMAC’s delivery ambitions are supported by substantial construction activity. During the first half of 2026, the company awarded more than AED 10 billion in construction contracts.
The continued spending on construction underlines the developer’s focus on moving projects from planning and construction stages toward completion and handover.
Dubai’s Residential Supply Continues to Grow
The latest DAMAC milestone comes during a period of considerable activity in Dubai’s housing market. New communities are continuing to take shape across the emirate as developers work to meet demand from residents, international buyers and property investors.
For the market, rising completion numbers are important because they represent the transition from launched projects to actual homes becoming available for occupancy.
Why Handover Numbers Matter to Buyers
For homebuyers, a developer’s delivery history can be an important part of the decision-making process. A strong track record may provide greater confidence in a company’s construction and project execution capabilities.
However, buyers should always assess individual developments on their own merits, including location, construction progress, payment structure, service charges, amenities and potential rental demand.
What’s Next for DAMAC?
Crossing 50,000 completed homes marks a significant chapter in DAMAC’s growth story, but the developer’s next target is already in focus.
With 8,800-plus residences planned for handover in 2026, billions of dirhams committed to construction and a substantial pipeline of future developments, DAMAC is continuing to expand its footprint across Dubai.
As the emirate’s property sector evolves, the pace at which these homes are completed and handed over will be an important indicator of the developer’s next phase of growth.