DAMAC records Dh3.12 billion in March sales as Q1 property activity surges

Strong demand and investor confidence drive Dubai property surge in Q1

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DAMAC Islands 2
DAMAC Islands 2
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Dubai: Dubai’s property market closed March with a clear leader, with DAMAC Properties topping sales activity by a wide margin as demand held firm despite regional tensions.

The developer recorded Dh3.12 billion in sales across 1,106 transactions during the month, placing it well ahead of peers in terms of deal volume.

That performance capped a strong first quarter, with DAMAC selling 3,663 units. The developer has a pipeline of more than 55,000 units and has already completed over 50,000 homes.

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Construction timelines across projects remain on track, with handovers proceeding as scheduled, adding to buyer confidence at a time when global uncertainty is shaping investment decisions.

Market momentum remains strong

Dubai’s broader real estate market continues to expand at pace, with total sales reaching Dh246.12 billion in the first quarter of 2026. That marks a 72.46% increase compared to Dh142.7 billion during the same period last year, highlighting the scale of demand flowing into the market.

The surge reflects continued interest from both regional and international investors, drawn by stable returns, strong infrastructure and a well-regulated market environment.

“Despite political tensions across the region, the fundamentals of Dubai’s real estate market remain exceptionally strong. Demand continues to grow, and investor confidence in Dubai remains robust, reinforcing the emirate’s position as one of the world’s most attractive investment destinations,” said Amira Sajwani, Managing Director of DAMAC Properties.

Her remarks come at a time when global investors are reassessing risk exposure, yet Dubai continues to attract capital across both ready and off-plan segments.

Strong transaction volumes and rising quarterly sales point to a market that remains active and competitive, with limited signs of slowdown in buyer appetite.

Developers are responding by maintaining delivery timelines and expanding pipelines, while buyers are focusing on long-term value and execution track records when making decisions.

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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