Damac Properties, Dubai’s leading private developer, closed 2024 with a resounding success, achieving over Dh10 billion in property sales in under 10 hours. This remarkable feat underscores the unwavering confidence of investors in Dubai’s thriving real estate market and sets an optimistic tone for the coming year.
The highlight of this achievement was the sale of 3,100 units in the highly anticipated Damac Islands, launched just last month. Nestled in the heart of Dubailand, Damac Islands is the developer’s sixth master-planned community, featuring six stunning clusters inspired by the world’s most beautiful destinations: Maldives, Bora Bora, Seychelles, Hawaii, Bali, and Fiji.
“This unparalleled success reflects the trust and confidence the market has in Dubai’s potential. At Damac, we are dedicated to creating exceptional developments that cater to the evolving aspirations of our clients,” said Hussain Sajwani, founder and chairman of Damac Properties.
Dubai’s real estate market continues to demonstrate its resilience and appeal. Large developers like Damac are experiencing overwhelming demand, with properties selling out within hours. Smaller and newer developers are also seeing rapid sales, completing transactions in days or weeks. This strong momentum highlights the emirate’s position as a global hub for high-net-worth individuals and discerning investors alike.
As 2025 approaches, Dubai’s real estate market is set to remain a beacon of opportunity, driven by innovative developments, investor trust, and a vision of sustainable urban growth.
