About DAMAC Islands - Maldives 1
DAMAC Islands - Maldives 1 is a residential building by DAMAC Properties, in Dubai. It rises 3 storeys (1 basement level, a ground floor and 2 floors), built as a concrete structure with internal and external finishes. The project comprises 397 homes.
Key information
Developer
DAMAC Properties
- Expected handover
- TBC
- Status
- Not started
- Location
- Dubai
- Construction started
- 2025
- Number of buildings
- —
- Number of units
- 397
- Registered with DLD
- 09 Jan 2025
- Escrow bank
- Emirates NBD
- Escrow account no.
- 0205892602923
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2025
- Under construction3% complete
- Expected handoverTBC
Construction progress
12 inspection photos from the Dubai Land Department. Latest 04 May 2026 at 3% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Covered Parking
4 Floors
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
418
Median price
AED 2.6M
Median price / sqft
AED 2K+3%
Off-plan share
0%
Price per sqft by year
+3% since 2025AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 07 Aug 2026 | Resale | 1,550 sqft | AED 2.4M | AED 2K |
| 06 Aug 2026 | Resale | 1,552 sqft | AED 2.1M | AED 1K |
| 17 Jul 2026 | Resale | 1,550 sqft | AED 2.4M | AED 2K |
| 06 Jul 2026 | Resale | 1,550 sqft | AED 2.6M | AED 2K |
| 02 Jul 2026 | Resale | 1,550 sqft | AED 2.3M | AED 1K |
| 29 Jun 2026 | Resale | 1,550 sqft | AED 2.6M | AED 2K |
| 11 Jun 2026 | Resale | 7,866 sqft | AED 14.0M | AED 2K |
| 04 Jun 2026 | Resale | 1,550 sqft | AED 2.9M | AED 2K |
Unit mix
397 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| 4 B/R | 260 | - |
| 5 B/R | 137 | - |
Payment plan
Payment plans are set by DAMAC Properties and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
DAMAC Islands - Maldives 1
Dubai, United Arab Emirates
Frequently asked questions
DAMAC Islands - Maldives 1 has a planned handover of a date not yet on the register, and the latest DLD inspection puts construction at 3% complete.
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