Damac Properties, a premier real estate developer in the region, is currently celebrating the handover of more than 50,000 homes. 

With over AED10 billion ($2.72 billion) in construction contracts awarded during the first half, Damac is targeting 8,800-plus residential units to be delivered this year across Damac Lagoons, Damac Hills, Damac Hills 2, Chic Tower and Elegance Tower.

On the key achievement, Managing Director Amira Sajwani said: “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 AED10 billion 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,” she stated.

Handovers are accelerating across Dubai, with nearly 25,000 new homes completed in the first half of 2026, representing a 36 per cent increase compared with the same period last year. 

Cushman & Wakefield Core research states more than 13,200 units were delivered in Dubai during Q2 2026 alone, with approximately 32,000 additional units expected in the second half of the year.

This increase in handovers places greater emphasis on construction capacity, contractor performance and developers’ ability to convert project pipelines into completed homes.

Damac Lagoons makes up the largest component of Damac’s 2026 delivery programme, with approximately 6,300 homes targeted for handover, compared with around 513 in 2025.