DAMAC, Dubai’s leading private real estate developer, has inaugurated its new sales office in Egypt alongside the launch of DAMAC Islands 2, the company’s new master development.
The inauguration ceremony was at Cairo’s magnificent Grand Egyptian Museum, an architectural and cultural marvel overlooking the Pyramids of Giza.
Egyptians are among the top 10 nationalities investing in DAMAC homes, making the country a strategic growth market for DAMAC given the nation’s strong economic fundamentals and deep affinity for real estate investment.
Amira Sajwani, Managing Director of DAMAC Properties, commented: “Egyptians already rank among the top ten nationalities purchasing DAMAC homes. We have witnessed double-digit sales growth in this market and expect it to rise another 20 per cent in 2026.
“Opening our Cairo office also brings us closer to our clients and strengthens the bridge between Cairo and Dubai, the two powerhouses of real estate investment in the MENA region.”
The event was hosted by Sajwani, who welcomed an audience of dignitaries, global investors, media, brokers, and VIP guests from across the world.
Guests at the event were given an exclusive preview of DAMAC Islands 2, the latest luxury community in Dubai, inspired by eight tropical island destinations. The project follows the phenomenal success of DAMAC Islands 1 in 2024, which achieved a record-breaking sell-out, selling AED10 billion (US$2.72 billion) worth of inventory in 24 hours. It is now recognised by the Guinness World Records for generating the highest revenue from a real estate launch in 24 hours.
The evening’s headline act was legendary Egyptian musician Omar Khairat, who performed a captivating fusion of classical, jazz, and traditional Arabic music. Hadi Awada presented a choreographed performance.
Dubai’s real estate market remains one of the world’s most active and attractive amongst investors and residents alike. Transactions for the first six months of 2025 was up 40 per cent year-on-year. DAMAC communities has led market performance, with DAMAC Islands recording 4,185 villa and townhouse sales in H1 and DAMAC Hills 2 registering 1,942 sales.
On average, since the launch, price growth at townhouses in DAMAC Islands 1 rose by 86 per cent, villas by 72 per cent, and DAMAC Hills 2 townhouses have appreciated by 60 per cent.
DAMAC Islands 2 will master plan comprise six-bedroom luxury villas of approximately 583 sqm, five-bedroom twin villas of approximately 324 sqm, five-bedroom townhouses of 293 and 263 sqm, and four-bedroom townhouses of 203 sqm. Prices start at AED2.7 million (US$740,000).
