Damac

Damac has handed over 64 schemes since 2002. On-time delivery is measured against the original brochure handover date; the figure is republished on each project page after handover. The desk has access to the granular delay history per scheme.

Off-plan payment plans typically run 60/40 (60% during construction, 40% on handover) or 70/30. Branded-residence schemes sometimes carry a 30/70 plan (lower construction-stage burden, larger handover slug). The desk pre-screens the plan against your liquidity profile before launch.

In the UAE, off-plan deposits sit in a project escrow account at one of the regulated banks (Emirates NBD, Mashreq, ENBD CAPITAL etc.) administered by DLD. The developer can only draw against verified construction milestones. RERA tracks every withdrawal.

Yes. Damac has 64 completed schemes; we can arrange a viewing of the closest equivalent to the off-plan you're considering, ideally a building that's been handed over and lived in for 12+ months so you can see how it ages.

Standard developer SPA clauses include compensation triggered after 12 months of cumulative delay; the desk negotiates harder terms (penalties from month 6) on schemes where our buyer pool represents a large share of allocation.