UAE and Middle East private real estate developer Damac Properties has confirmed the handover of over 50,000 homes and over AED 10bn ($2.72bn) in construction contracts awarded during H1 2026.
Damac forecasts 8,800-plus residential units to be delivered this year in Damac Lagoons, Damac Hills, Damac Hills 2, Chic Tower and Elegance Tower.
“As Dubai’s residential market continues to mature, the ability to execute at scale will increasingly differentiate developers. The ability to mobilise the right partners, maintain control across complex construction programmes and translate ambitious pipelines into completed homes and operational communities will define success in the months to come.
“With more than AED10bn worth of construction contracts awarded in H1 2026, we are strengthening our delivery platform and maintaining momentum across our portfolio to meet the commitments made to our customers.”
Amira Sajwani, Managing Director, Damac Properties
Handovers are accelerating across Dubai, with nearly 25,000 new homes completed in H1 2026, representing a 36% increase compared with the same period last year.
Cushman & Wakefield Core research cites 13,200+ units were delivered in Dubai during Q2 2026, with roughly 32,000 additional units expected in H2. This increase in handovers places emphasis on construction capacity, contractor performance and developers’ ability to convert project pipelines into completed homes.
“Having delivered more than 50,000 homes at scale, the next 55,000+ demand rigorous control at every stage. Our disciplined programme management enables us to closely track procurement, quality, contractor performance and site productivity anticipating and mitigating risks before they affect delivery schedules.
“This operational resilience has kept construction progressing throughout 2026, despite significant geopolitical pressures on global supply chains.”
Mohammad Tahaineh, Chief Project Officer, Damac Properties
With over 55,000 units and over 100 million sq ft of project area in planning and development, Damac will concentrate on a target of 8,800-plus handovers through 2026 and stabilising newly awarded construction packages. These works will form the trajectory for the next phase of deliveries in 2027 and beyond.
Damac Lagoons forms the largest component of Damac’s 2026 delivery programme, with roughly 6,300 homes targeted for handover, compared with around 513 in 2025. Overall infrastructure, landscaping and associated works have exceeded 80% completion. Damac Lagoons comprises 177,000 sqm of water bodies, equivalent to around 141 Olympic-size swimming pools, being commissioned in phases with residential and infrastructure works.
At Damac Hills, roughly 85% of the community has been completed and handed over, while an active portfolio valued at approximately AED 3bn continues across the remaining villas and towers.
At Damac Hills 2, over 1,500 villas will be handed over in 2026. The 55 million sq ft community currently has around 11,000 completed homes. Damac is in the process of progressing handovers at Chic Tower in Business Bay and Elegance Tower in Downtown Dubai, extending the delivery programme across the company’s high-rise portfolio.
Strategic contractor appointments, early procurement, bulk sourcing and technology-enabled project oversight have helped Damac to meet its handover targets. In addition, monthly quality and safety assessments measure project and contractor performance supported by site inspections and corrective-action plans where required have assisted Damac.
