Welcome to Episode 13 of Dubai Daily - your comprehensive guide to Dubai's leading developers and emerging players.
**DAMAC PROPERTIES - MAJOR PROJECTS:**
ποΈ **Damac Lagoons:**
- Premium residential community with artificial beaches
- 8 Mediterranean-inspired sub-districts: Santorini, Venice, Costa Brava, Malta, Nice, Marbella, Portofino
- Master development completion: Q4 2024
- 3-6 bedroom residences
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**2025 Handover Schedule (Damac Lagoons):**
- Costa Brava: Q3 2025
- Venice: Q3 2025
- Malta: Q3 2025
- Nice: Q3 2025 (Nice 1 unveiled July 29, 2025)
- Marbella: Q4 2025
- Santorini: Handovers underway (Sept 2025)
- Santorini 2: December 2025
π³ **Damac Hills 2 (formerly Akoya Oxygen):**
- 55 million square feet master-planned community
- Green, wellness-focused, family-friendly lifestyle
- Themed zones: Water Town (Malibu Beach, wave pool), Sports Town, Motor Town, Equestrian Town, Down Town
ποΈ **Damac Hills 2 - Key Projects:**
- Damac Radisson Hotel Apartment: Ready-to-move/nearing completion
- Damac Virdis Apartments: Nearing completion
- Avencia 2 Villas: 2024-2025 handovers
- Damac Sahara Villas: 2024-2025 handovers
- Verona & Camelia clusters: Construction ongoing
- New Jumaa mosque: Q1 2025 completion target
- One of highest-transacted projects in UAE
ποΈ **Other Damac Developments:**
- DAMAC Islands: Launched Nov 2024, tropical-themed, 6 clusters (Maldives, Bora Bora, Seychelles, Hawaii, Bali, Fiji)
- DAMAC District: Launched Sept 2025, mixed-use within Damac Hills
- DAMAC Riverside: Dubai Investment Park, "Riverside Views" launched Jan 2025, handover May 31, 2028
- Cavalli Tower: Handover Q3 2025
- DAMAC Bay by Cavalli: Handover Q3 2027
- Damac Autograph Collection: Release 2027, luxury 4-7 bedroom villas
**NAKHEEL - PALM JEBEL ALI REVIVAL:**
ποΈ **Ultra-Luxury Villas:**
- 11 architecturally distinct waterfront villa styles
- The Beach Collection: 5-6 bedrooms, 7,500-8,500 sqft
- The Coral Collection: 6-7 bedrooms, 11,500-12,500 sqft
- Designed with internationally renowned architectural firms
- Features: Direct beachfront access, Arabian Gulf views, private pools, rooftop lounges, dedicated offices
π§ **Construction Progress:**
- First 8 fronds: "Site-ready" by Q1 2025
- Villa construction: Begins Q1 2025
- Contracts awarded (Oct 2024): AED 5B+ for villas on first 6 fronds
- Infrastructure contracts (June 2025): AED 750M+, completion Q4 2026
- Marine works (Jan De Nul Group): Dredging, land reclamation, 2-year timeline
- Expected delivery: Late 2026 (first 6 fronds)
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**First Handovers:**
- Coral & Beach Villas: March 2027
- Overall project completion: 2028
π **Project Scale:**
- Twice the size of Palm Jumeirah
- 13.4 km across 16 fronds and 7 islands
- 90+ km of new shoreline
- 35,000 families capacity
- 80 hotels and resorts planned
- 9,000 sqm shopping center
- Smart and sustainable city vision
- Aligns with Dubai 2040 Urban Master Plan & D33
**EMERGING DEVELOPERS (2025):**
π’ **Binghatti:**
- 13 new developments in 2025: $3.3B value, 8,200+ units
- Prominent for properties under AED 2M
- **Key 2025 Projects:**
- Binghatti Aurora (JVC): Dec 2025
- Bugatti Residences (Business Bay): Dec 2025
- Mercedes-Benz Places (Downtown Dubai)
- Binghatti Hillviews (Dubai Science Park): Oct 2024 launch
- Binghatti Aquarise & Skyhall (Business Bay): May/Q2 2025
- Binghatti Twilight (Al Jaddaf Waterfront): June 2025
- Binghatti Phantom (JVC): Q4 2025
π **Select Group:**
- 7,000+ homes delivered, 3,500 under development
- Modern waterfront properties specialist
- **2025 Completions:**
- Peninsula Three & The Edge (Business Bay): Aug-Sept 2025
- Six Senses Residences The Palm: July-Aug 2025
- Jumeirah Living Business Bay: April 2025
- Peninsula Four: Q4 2025
- Nautica Phase 2: Q4 2026
- Six Senses Dubai Marina: Q2 2028
- Agreement with Dubai Holding (July 2025): Palm Jebel Ali & d3 projects
- Peninsula sales: $1.9B (May 2025)
πΏ **Sobha Realty:**
- 8-10 major projects in 2025, AED 30B sales target
- Quality craftsmanship, green living, sustainable designs
- **Key 2025 Projects:**
- Sobha Solis (Dubai Motor City): Launched Jan 2025, 2,316 residences, completion Dec 2027
- The Mansions (Sobha Hartland II): 6-bedroom, Q4 2025 delivery
- Sobha Central (near JLT): The Eden & The Horizon
- Skyvue Spectra (Sobha Hartland II): May 2025 launch, handover March 2029
- 'The S' Tower (Sobha Hartland II): July 2025 launch, 71-story ultra-luxury
ποΈ **Other Emerging Players:**
- Aark Developers
- Acube Developments
- Elysian Developments (EsmΓ© Beach Residences)
- KASCO Developments
- REEF Luxury Developments
**DEVELOPER TRACK RECORDS & DELIVERY TIMELINES:**
π **Market Overview (2025):**
- 37,000-42,000 residential units expected handover in 2025
- 62% expected to be delivered on time
π **Emaar Properties:**
- Track Record: 77,500+ units delivered since 2002
- 22% of all freehold residential units in Dubai
- 2025 Deliveries: Emaar Seagate (Rashid Yachts & Marina), Emaar Talia (The Valley), Emaar Grove (Creek Beach)
- 25 new projects launched H1 2025
- Performance: "Historic" H1 2025, property sales +46% YoY
- Reputation: Reliable, strong brand value
ποΈ **Damac Properties:**
- Track Record: 47,000+ units delivered (as of Dec 2023), 48,000+ homes internationally since 2002
- 30,000+ units under progress/planned in Dubai
- 2025 Deliveries: ~4,000 units expected
- Damac Lagoons: 20% complete, 6,459 villas under construction across 13 clusters
- Reputation: Consistent for timely delivery, minor delays (2-3 quarters) common
- Focus: On-time delivery, quality, lifestyle amenities
π΄ **Nakheel:**
- Track Record: Established 2000, iconic projects (Palm Jumeirah, Deira Islands)
- 22 projects completed, 11 under construction, 18 in pipeline
- 2025 Deliveries: Jebel Ali Village villas (Q4 2025), Bay Villas contract awarded (Aug 2025, 636 units)
- Palm Jebel Ali infrastructure: Q4 2026, villas late 2026
- Completion Record: 14 timely completions, 8 delayed (avg 131 days delay)
- Large-scale projects may encounter timeline delays
**PAYMENT PLANS & DEVELOPER INCENTIVES (NOVEMBER 2025):**
π³ **Common Payment Plans:**
- Standard Construction-Linked: 10-20% down, 40-60% during construction, 20-30% on handover
- Variations: 80/20, 60/40, 50/50
- Post-Handover Plans: 50-60% after keys, over 2-5 years (up to 10 years)
- 1% Monthly Plans: Initial down payment + 1% monthly over 6-8 years (Danube Properties pioneer)
- 10:90 Plan: 10% down, 90% after handover in installments
- Ultra-Low Entry: 5% down payment options
π **Developer Incentives:**
- **Golden Visa:** AED 2M+ property = 10-year renewable visa (includes dependents)
- 2-year visa: AED 750K property
- 5-year visa: AED 1M property
- **DLD Fee Relief:** First-time homebuyers (18+), discounted pricing, flexible mortgages, installment plans for properties under AED 5M
- **Tax Incentives (Nov 2025):** Hotel development (Palm Jebel Ali, Dubai Parks)
- 2-year exemption from 7% municipal fees on room revenues
- Tourist dirham fee exemption
- **Special Promotions:** Dubai Property Show 2025 (November), exclusive offers
**QUALITY BENCHMARKS & WHAT TO LOOK FOR:**
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**RERA Protections:**
- Defect Liability Period (DLP): 1 year (developers rectify defects free)
- Strict Quality Assurance guidelines throughout construction
- Law No. 7 of 2025: Effective early 2026, tighter subcontracting controls
- Structural defect rectification: Up to 10 years post-completion
π **Property Inspection Checklist:**
- Thorough handover inspection with professional "snagging" engineers
- Structural integrity: Check for cracks, leaks
- Utilities functionality: Water pressure, electrical outlets, HVAC
- Layout & design: Covered area, bedroom configs, balconies, finishes
- Community amenities: Pools, gyms, parks maintenance
- Smart home & sustainable features
- Location: Proximity to schools, hospitals, transport
- Safety compliance: Fire safety measures
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**Developer Reputation Criteria:**
- RERA Registrati...