DAMAC vs Meraas

DAMAC is the cheaper book per sqft, at AED 1,580 against AED 2,558 for Meraas, so Meraas is 62% dearer per sqft. On the typical unit that reads as AED 2.67M for a median 1,423 sqft home from DAMAC, against AED 4.85M for a median 2,101 sqft home from Meraas. Part of that gap is product, not premium: the two are not selling the same mix of unit.

DAMAC sells mostly 1 BR units, 584 priced records at a median AED 1,671 per sqft and AED 1.56M a unit. Meraas leans to 3 BR units, 231 records at AED 2,042 per sqft and AED 5.80M a unit.

Entry pricing: the lowest published starting price is AED 536K from DAMAC and AED 1.20M from Meraas.

Across 204 published plans from DAMAC, the median asks 75% before handover, with 3% carrying instalments that run past the keys. Meraas publishes 77 plans, a median of 60% before handover and 4% with a post-handover tail.

The heavy end matters more than the median when the plan is the reason to buy. 89% of DAMAC plans want 60% or more before keys, against 62% of Meraas plans. At the light end, 11% of DAMAC plans and 38% of Meraas plans ask 50% or less.

DAMAC builds in Dubai, Ras Al Khaimah, across 23 communities, most of it in DAMAC Lagoons, Dubai Investments Park, DAMAC Hills. Meraas builds in Dubai, across 16 communities, concentrated in City Walk, Umm Suqeim, Jumeirah.

DAMAC peaks in 2027, when 52 of its 174 tracked projects are scheduled to hand over. Meraas peaks in 2026 with 19 of 56. Published handover dates move, so read them as developer intent rather than a delivered date.

35% of the DAMAC projects tracked are listed as sold out or out of stock, against 57% for Meraas. That is the share of each book no longer taking new bookings at listed prices, which reads as demand on the way in and as scarcity on the way out.