License expires Jul 2026
DAMAC WORLD REAL ESTATE L.L.C
License #713606 · Registered 2015 · 100% avg completion
01Developer verdict
CONDITIONAL BUY
3 completed, 0 under construction. Verify delivery history before committing. Average yield 8.1%, total return -2.5%. Best performer: REVA RESIDENCES (#310). License renewal due Jul 2026 — verify before committing to under-construction projects.
Top projects by rank: REVA RESIDENCES (#310), VERA TOWER (#929), MERANO TOWER (#1232)
02Key numbers
Total projects
3
DLD registered
Completed
3
100% done
Under construction
0
in progress
Avg yield
8.1%
on par / above
Avg total return (12m)
-2.5%
yield + growth
Sales (12m)
143
transactions
Rent contracts (12m)
1,126
strong demand
Occupancy
66%
1,126 / 1,711 units
03Portfolio breakdown
3
projects
Completed3
Under construction0
Pending0
Recent completion track record
MERANO TOWERfinished
REVA RESIDENCESfinished
VERA TOWERfinished
04Risk assessment
strong
Strong rental demand
1,126 rent contracts in 12m across portfolio. Active rental market demonstrates sustained tenant demand.
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| REVA RESIDENCESfinishedBusiness Bay | #310 | 8.9% | — | — | 18.307 | Analyze project → |
| VERA TOWERfinishedBusiness Bay | #929 | 8.5% | — | — | 17.449 | Analyze project → |
| MERANO TOWERfinishedBusiness Bay | #1232 | 6.8% | -14.2% | -7.3% | 16.520 | Analyze project → |
06Before you buy from this developer
critical
Verify license renewal plan
License #713606 expires Jul 2026. Confirm renewal status before any commitment on active/pending projects.
context
Overall risk: MEDIUM
DAMAC WORLD REAL ESTATE L.L.C has 3 completed projects. Completed projects carry lower developer risk than off-plan.
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