DAMAC DISTRICT

OVERVIEW

DAMAC District is an off-plan commercial development by DAMAC Properties within the DAMAC Hills master community in Dubailand, with completion targeted for Q3 2029. The project comprises premium office buildings within a master-planned mixed-use district, delivering large-format floor plates of approximately 22,459 to 22,882 square feet per floor, divisible into individual units from approximately 3,164 to 6,588 square feet. The development is positioned adjacent to Trump International Golf Club and overlooks DAMAC Lagoons, providing panoramic golf course and lagoon views. All units have been sold out as at the time of writing; the listing is maintained for cancellation unit enquiries. Pricing was set from AED 1,792 per square foot on a 60/40 payment plan.

OFFICE STOCK AND TENANT PROFILE

DAMAC District provides large-format Grade A office floor plates of approximately 22,459 to 22,882 square feet per level, with individual office units from 3,164 to 6,588 square feet, targeting mid-to-large corporate occupiers seeking expansive workspaces within a self-contained community environment. The building is positioned as part of DAMAC's Live, Work, Play ecosystem, with office occupiers having access to a full residential, retail, and leisure infrastructure within the DAMAC Hills master community. Amenities include meeting pods, a gym, yoga and pilates zones, outdoor terraces, a canteen, and community lounges. Golf course and lagoon views are available from selected office floors. The development has been absorbed entirely by the primary market.

RENTAL MARKET

As an off-plan development, DAMAC District has no established rental market at the time of writing. Indicative projections based on a gross yield approach suggest a conservative gross return of approximately 8 percent on acquisition price — approximately AED 150 per square foot per annum — a practical scenario of 10 percent (approximately AED 200 per square foot per annum) and an optimistic scenario of 12 percent (approximately AED 225 per square foot per annum). Commercial yields in Dubai are structurally higher than residential, supported by shorter lease cycles and strong occupier demand in a supply-constrained market. Actual returns will depend on market conditions at handover and quality of occupier secured. Independent rental appraisal is strongly recommended prior to any acquisition commitment.

SALES MARKET

DAMAC District units have been fully sold in the primary market; enquiries are being accepted for cancellation units only. Any secondary market transaction will be priced at the seller's discretion, likely reflecting capital appreciation above the original AED 1,792 per square foot acquisition price given primary market absorption. Purchasers acquiring via cancellation should verify the outstanding payment schedule and any contractual novation requirements with DAMAC Properties before proceeding. The large unit sizes — from 3,164 to 6,588 square feet — limit the pool of prospective end-buyers and investors in the secondary market. Independent legal advice is strongly recommended for any secondary acquisition involving assignment of a developer's sales and purchase agreement.

LOCATION AND ACCESS

DAMAC District is located within the DAMAC Hills master community in Dubailand, adjacent to Trump International Golf Club and the DAMAC Lagoons development. Dubai Marina is approximately 20 minutes by road; Downtown Dubai and Business Bay are approximately 25 minutes; Expo City Dubai is approximately 20 minutes; and Dubai International Airport is approximately 25 minutes. Al Maktoum International Airport is approximately 20 minutes. Sheikh Mohammed Bin Zayed Road provides the primary access route. No metro station is currently operational within DAMAC Hills; road access is the primary commuting infrastructure. The DAMAC Hills master community includes established retail, food and beverage, healthcare, and leisure facilities within the immediate development.

RISKS AND WATCHPOINTS

DAMAC District is an off-plan development subject to construction and delivery risk; the Q3 2029 completion target is contingent on contractor performance and regulatory approvals. The primary market is fully absorbed; prospective purchasers must acquire through cancellation or secondary assignment channels, which require careful legal and financial review. The DAMAC Hills commercial office market is at an early stage: the community is primarily residential and leisure in character, and established office occupier demand for large-format suburban strata units is limited. The large floor plates — from 3,164 square feet minimum — create a narrower tenant pool than smaller-format commercial buildings. DAMAC Properties is an established developer with a proven UAE delivery track record.

STRATEGIC PERSPECTIVE

DAMAC District targets mid-to-large corporate occupiers and investors seeking Grade A freehold office accommodation within the DAMAC Hills master community at a price below established central business district alternatives, with the added benefit of golf course and lagoon views. The project is positioned within DAMAC's broader Live, Work, Play ecosystem, which provides a degree of occupier demand support from the large residential community. The full primary market absorption is a strong demand signal. For secondary market acquirers, the entry price above the original AED 1,792 per square foot primary level needs to be modelled carefully against conservative rental projections, given the suburban location and the absence of metro access in the DAMAC Hills catchment.