Dubai real estate developers have been successfully showing the world how wonderful man-made wonders can be that you can call your home. Dubai, once a fishing village inhabited by Nomadic herders, presents us with the luxurious world of wondrous dwellings and blessed settlements.
Abundance of prosperity features the economy of Dubai, and real estate growth has become the catalyst of Dubai’s progress and popularity besides Tourism, Trade and Aviation.
By 2024 the number of real estate developers in Dubai amounts to 320+. Are all reliable? Are all equipped and skilled enough to turn your dream dwelling or dream office into a reality? The answer is “NO”. Not all can do proper justice to your expectations, and requirements. This is why confiding in the names that have become a brand is worth banking upon for buying or investing in properties.
In the Dubai real estate market, Emaar and Damac both are heavyweights dream builders. They develop dream destinations for luxury lovers that they can call ‘home sweet home’ and more.
Analysing Emaar vs Damac would be like narrating Clash of the Titans for figuring out who claims the throne. Shall you choose the former or approach the latter? Keep confusion at bay as you learn a few vital pieces of information here.
1. EMAAR
Emaar Properties enjoys the distinction of being the most prestigious top-tier real estate and luxury lifestyle developer in UAE. Also, it ranks favorably amongst the most valued real estate companies globally.
You go to Dubai and what you see most prominently everywhere is big banners of Emaar and shining logos of Emaar on maximum skyscrapers across the city.
Now, Dubai is a fanciful concrete jungle where each architectural marvel competes with the elegance of the majestic structure standing next to it. 24+ years ago the only noteworthy structure standing gracefully on the soil of Dubai was Emaar’s Marina 6 Towers.
Emaar deserves maximum credit for grooming Dubai to become the Dubai we see today. No argument, ever! Emaar is the builder of communities like Business Bay. Dubai Marina, Dubai Creek Harbour, Arabian Ranches, Dubai Hills Estate, Downtown Dubai, Arabian Ranches and more. Know about Emaar communities with APIL Properties.
Can you afford to doubt the abilities of a real estate builder that shaped Burj Khalifa and Dubai Mall? Check some EMAAR properties for sale
2. DAMAC
The alliance between DAMAC and The Trump Organization is more than enough to seal one’s faith in the credibility of this real estate tycoon in Dubai.
It gifted luxury property enthusiasts in Dubai with a master-planned residential golf course community called DAMAC Hills (formerly called The Akoya) besides glorifying Dubai’s skyline with most stunningly gorgeous skyscrapers nestling the best luxury apartments in the city. The flagship projects also include DAMAC Hills 2 (golf course designed by Tiger Woods as reported) and Aykon City which is a luxury lifestyle community with high-end residential towers.
Check some DAMAC properties for sale.
Reputation of Emaar Properties and DAMAC Properties
Both are Dubai-based real estate tycoons with their building marvels gracing several foreign nations as well.
Emaar Properties has created a niche for themselves in Dubai real estate with extraordinarily attractive property designs and building quality. Emaar operates worldwide, in 36 markets globally. Emaar properties (regardless of what type and size) are ‘Sold Out’ even before their launch date. Such is the demand and faith of property buyers and investors in Emaar Properties.
If you cannot be spontaneous enough or have the stomach to keep up with the pace, we suggest you opt for other reliable developers. Because, buyers/ investors wait for Emaar and not the other way round.
YOU CAN TRUST BOTH- EMAAR & DAMAC
Remember, DAMAC Properties is a private-owned real estate company in Dubai. In the debate of Emaar vs Damac comparison, Emaar might sound more reliable because of the fact it is backed by the Government. But, the DLD and RERA operating in Dubai are the two completely reliable watch dogs ensuring safe and secure property dealings by default.
During Lockdown and in 2008 when the global financial crisis hit hard, DAMAC was one of those few private real estate companies that openly discussed their situation and completed building whatever projects they could and assured they would refund those whom they couldn’t handover after some time. They didn’t abandon their projects. It is a quality they showcased during the toughest periods that cemented buyer’s and investor’s confidence in DAMAC PROPERTIES.
INVESTMENT OPPORTUNITIES
Brand awareness and demand for Emaar Properties is sky-high all through the year. As per experienced investors and market experts, Emaar Villas and Communities in their master communities (like for example Dubai Hills) historically have yielded double capital appreciation value. For instance, it has been found who bought a townhouse or villa for AED 2.5 M in one of the master-planned communities of Emaar got to resell the property at around AED 5 M. Yes, it is true.
Property enthusiasts and investors worldwide are crazy about EMAAR. They know their properties are the most prestigious ones at prime locations with loads of world-class amenities in master-planned communities. It always yields the highest possible resale price and also, the highest rental yields as it attracts high-end investors and tenants.
DAMAC golf course communities also are in good demand, especially the golf lovers are going gaga over it. People looking for living closer to nature with huge open space around, marked by lush greenery at strategic locations are opting for DAMAC offerings.
Both these biggest real estate brands in Dubai rank amongst the best developers in the world.
LOCATION
It is true that DAMAC property units in their master-planned golf course community is slightly farther from main busy areas in the city. But, as golf course communities enjoy the luxury of space and a greater freedom of open greenery around, the interior and far off locations are justifiable.
With more mega projects like Studio City and others being built, an increasing number of public transport choices are readily available.
For those who wish to have a grand and modern living destination more in and around Dubai key hubspots will like Emaar properties for sale. Emaar plan their projects more at prime, popular, and prestigious Dubai locations.
DIVERSE RANGE OF PROPERTIES WITH DIVERSE PRICE RANGES
In this category, DAMAC PROPERTIES somewhat enjoys an upperhand. The property prices are much more affordable than Emaar. If you want a stylish and spacious studio with a good collection of amenities you can find one at AED 500,000 with DAMAC. Finding a luxurious Villa with top-class finishes at AED 30 Million is not always as easy as with DAMAC. Also, they have globally famous island-inspired DAMAC ISLAND to cater to the super elite buyers.
In brief, people with different budget and size requirements will find a suitable dwelling place inside a community built by DAMAC. Emaar communities are greater in number for sure but always in greater demand so more pricey be default.
So, it shouldn’t be a point of concern for property buyers or investors to decide who is better.
DAMAC DID DELAYS IN THE PAST
Off-Plan Properties in Dubai are the latest sensations but come with their own flip sides as well. The most prominent fear of off-plan property buyers is handover delays or project cancellations. Emaar enjoys a proven track record of successfully and timely delivering their projects. Delays have hardly got the scope to disappoint its buyers/investors and taint its market reputation.
DAMAC properties couldn’t completely stay immune to this flaw in the past. On several occasions, delays have happened. With the change of management and smartening up of certain aspects of their operation style, things undoubtedly are improving. They did mistakes, and they learned to never repeat it.
Wrapping up
The property market in Dubai is the key driver of the city’s GDP and the most significant employment sectorE, where luxury real estate in Dubai deserves a special mention.
In the comparative analysis of Emaar vs Damac, we must say both can fulfill your Dubai Investment and Dwellings dreams. Dubai Communities always feature luxury lifestyle amenities with both the developers delivering the best to help people live larger than life.
Nevertheless, EMAAR is a brand that billions bank upon worldwide where their units are SOLD OUT within minutes. They RULE DUBAI REAL ESTATE MARKET!
Emaar is better for you when you have the freedom of funds, super quick to act, want nothing but the best of all and want spacious properties in the most popular areas and communities in the Dubai city. Off-plan properties are best to be bought from them as delays and cancellations are impossible.
DAMAC is better for you if you are golf course enthusiasts, love the golf course
associated open green space, wish to be in a community slightly far from key areas, okay with compact sized apartments, have limited budget and cannot be super quick with Emaar and need time to think before investing.
This is the most truthful and honest comparative study of Emaar and DAMAC we can offer. You can talk to us for micro details.
