Dubai's flourishing economy, driven by a diversification strategy, has transformed the city into a thriving global business hub, and financial hub. Its strategic location between Europe, Asia, and Africa, coupled with state-of-the-art infrastructure, world-class amenities, and a tax-free environment, has attracted numerous multinational corporations and entrepreneurs to set up their operations in Dubai.

This has not only boosted the city's economic growth but also created a highly competitive business environment; Dubai offers a secure and investor-friendly environment for real estate investments.

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Market Demand: Dubai's real estate market has grown robustly, particularly in burgeoning areas like Downtown Dubai, Dubai Creek, Emaar Beachfront and Dubai Marina. This project is likely to benefit from increased demand as the area develops.

Additionally, for those looking to further their investment journey, there exists the option to sell your property during its off-plan phase, potentially maximizing appreciation benefits.

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Dubai’s thriving economy, strategic location and investor-friendly policies make it an ideal investment destination. With DAMAC’s new projects, you can tap into one of the world’s most dynamic property markets. Whether you’re an investor seeking profitable returns or a homebuyer searching for your dream property, this list of exciting DAMAC off-plan projects offers something for everyone!

New DAMAC Projects in Business Bay

Altitude de GRISOGONO: The latest addition to new DAMAC projects, takes the crown for the most luxurious apartments in the city. This iconic tower in Business Bay offers breathtaking views of the Dubai Canal and the city’s skyline.

Inspired by the opal, the apartments feature a sophisticated blend of neutral tones and opulent textures. Residents will enjoy world-class amenities, including a spa, salon, beauty bar, hydrotherapy facilities and even temperature-controlled flotation pods.

CANAL CROWN: A luxurious residential development along the Dubai Canal. The two towers offer a range of luxury and super luxury residences, including stunning studios to 2-bed apartments and 2 to 4-bedroom duplexes. Each apartment is designed with balconies adorned with beautiful pockets of greenery. The super-luxury homes will also feature a swimming pool on a terrace, allowing residents to indulge in a lavish lifestyle.

DAMAC CHIC TOWER: Another remarkable development by DAMAC is the Chic Tower. This tower is a unique interpretation of one of the world’s most beloved gemstones by master jeweller de GRISOGONO.

Chic Tower offers a variety of apartments, including studio to 2-bed units, as well as super luxury 3 and 4-bed apartments. The luxurious residences will boast stunning terraces overflowing with fragrant flowers and lush plants, an infinity pool and a personal gym.

One of the standout features of DAMAC Chic Tower is its seven revitalising baths and a spa that extends into an outdoor gym on the building’s podium level.

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You will enjoy a large leisure pool deck & jacuzzi, an outdoor cinema, a play area, an outdoor gym, a BBQ area, a children’s splash pool, steam & sauna, a running track, and waterfall feature.

• Retail Outlets
• Gym
• Restaurants
• Swimming Pool
• Parking Area
• CCTV Cameras
• Shopping Mall
• Children Play Area
• Mosque
• Sports Facilities
• BBQ Area
• Schools
• Community Views
• Lush Green Parks

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Economic Hub: Dubai Islands is envisioned as a major economic hub, with a focus on logistics, aviation, and commerce, providing numerous business and employment opportunities.

Easily Accessible: The area is directly accessible from the mainland via road and sea. Visitors will have access to a highly interconnected system of marina promenades and pathways for both water and road transportation, as well as walking and cycling.

Beaches near Dubai Island: The development will have 20 kms of beaches including ‘Blue Flag’ certified beach, 2 sq. km. of parks, open spaces and premium golf courses overlooking Arabian Gulf.

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DAMAC Properties is part of DAMAC Group that has been shaping the Middle East's luxury real estate market since 1982, delivering iconic residential, commercial and leisure properties across the region and beyond.

DAMAC adds vibrancy to the cities in which its projects are located, with a huge and diverse portfolio that includes skyscrapers, communities and branded residences. To date DAMAC has delivered c. 47,000 quality homes, with c. 33,000 more under way.

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Eco-friendly Design: The project incorporates sustainable design principles and smart technologies, appealing to environmentally conscious investors and future residents.

Smart City Features: Integration of smart city features, such as advanced security systems and smart home technologies, enhances the appeal and functionality of the development.

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Tax Benefits: Dubai offers a favorable tax environment with no property tax, capital gains tax, or inheritance tax, making it an attractive destination for real estate investment.

Stable Economy: Dubai’s diversified economy and stable political environment provide a secure backdrop for investment.

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Ownership at DAMAC Properties opens the door to securing a 2 or a 10-year visa. Both of them will cover your spouse and children.