DAMAC Properties Handover Timeline 2026: All Projects Updated
DAMAC Properties Handover Timeline 2026: All Projects Updated
DAMAC Properties is one of Dubai’s largest private developers, with dozens of off-plan projects. Tracking handover dates is critical for investors managing financing, rental timelines, and exit strategies.
DAMAC Lagoons — The Mediterranean-Style Community
Status: Under construction, phased handover. Estimated completion: 2026-2027 (phased).
DAMAC Lagoons is DAMAC’s flagship master community development, featuring Mediterranean-inspired villas around lagoons and waterways. Phase 1 handover is now expected in Q2-Q3 2026 for certain clusters.
DAMAC Hills 2 (Akoya)
Status: Phased completion. Multiple clusters completed in 2025; remaining villas in Trump Golf Course area expected Q2 2026.
AKOYA Oxygen
Status: Largely complete. Phase 3 villas — handover expected Q3 2026.
Tower 108 — DIFC Serviced Apartments
Status: Under construction. Estimated handover: Q4 2026.
This is a key project for investors targeting the DIFC rental market.
Aykon City — Al Habtoor City
Status: Phase 1 complete; Phase 2 ongoing. Aykon Tower A and B complete; Aykon M Residence expected handover Q3 2026.
Ghalia Tower — JVC
Status: Complete. Handed over Q4 2025.
DAMAC Towers by Paramount — Business Bay
Status: Under construction. Estimated handover: 2026-2027.
What Investors Need to Know for 2026
Delayed Handover Risk: DAMAC has a history of revised handover dates. Investors should build 6-12 months of buffer into their financial planning. Penalties for delayed handover are typically 0.1% per month of the purchase price after the extended completion date.
Phased Handover: Large communities like Lagoons and Hills 2 are handed over cluster by cluster. Investors in delayed clusters may face extended periods without rental income.
Quality Issues: DAMAC quality has been inconsistent across projects. Post-handover snagging is strongly recommended within the warranty period.
DAMAC Handover FAQ
Does DAMAC pay compensation for delayed handover?
Yes — the DAMAC SPA typically includes a delayed handover penalty clause. After a grace period, the developer pays approximately AED 50-100 per day of delay. However, these clauses often include a force majeure provision.
Can I view a DAMAC property before handover?
DAMAC occasionally offers show unit viewings at their sales centers. Access to active construction sites is not permitted for safety and liability reasons.
What is the typical handover process with DAMAC?
Upon receiving handover notification, buyers typically have 14 days to inspect the property and submit a snagging list. DAMAC will address major defects within a warranty period (typically 12 months for structural issues, 6 months for finish items).
Find current DAMAC off-plan and ready properties at Distress Property Finder — including distressed units available below developer prices in Lagoons, Hills 2, Aykon City, and more.