Burj Daman

Burj Daman is a landmark AED 1.6 billion mixed-use skyscraper in the Dubai International Financial Centre (DIFC), developed by Daman Real Estate Capital Partners — the real estate arm of Daman Investments, part of the Gargash Group (one of the UAE's most established business families, active since 1918). Designed by the internationally renowned Perkins+Will and rising 65 storeys to a height of 235 metres, Burj Daman delivers 230 freehold luxury apartments alongside the Waldorf Astoria Dubai DIFC (275 rooms and suites), 672,427 square feet of Grade-A office space, and ground-level retail — all within one of the world's premier financial centres.

TL;DR: Burj Daman is a 65-storey, AED 1.6 billion LEED Gold-certified mixed-use tower in DIFC by Daman Investments (Gargash Group, est. 1918), designed by Perkins+Will. Housing 230 freehold apartments (889–2,153 sq ft), the Waldorf Astoria Dubai DIFC (275 rooms), 672,427 sq ft of Grade-A offices, and 2,360 parking spaces — with Burj Khalifa pool views, squash court, and concierge. Apartments from AED 4M (1BR) to AED 7.6M (3BR), with 5.0%–6.5% rental yields in Dubai's highest-income district.

Project Overview and Key Statistics

Burj Daman comprises two connected towers — a 65-storey residential tower and a 15-storey commercial tower — sharing a podium that houses retail, dining, and 2,360 parking spaces (including an automated vehicle stacking system capable of holding 876 cars). The total site area spans 220,000 square feet, with construction beginning in 2006, the topping-out ceremony occurring in 2011, the office tower being handed over in December 2012, and residential handover completing in approximately 2013-2014.

The development received the International Property Award for Best Residential in the Middle East (2017) and holds LEED Gold certification for environmental sustainability, confirming its position among DIFC's most prestigious addresses. The total investment of AED 1.6 billion reflects the premium positioning within Dubai's financial district.

Architectural Design

Perkins+Will, the globally recognized architecture and design practice responsible for Burj Daman's design, brought international expertise to the twin-tower composition. The 65-storey residential tower rises to 235 metres (771 feet), creating a commanding presence within the DIFC skyline. Key design features include:

• Floor-to-ceiling windows throughout residential units offering panoramic views of Burj Khalifa, Zabeel Palace, and the broader DIFC skyline
• High-speed elevators serving all floors
• Premium interior finishes throughout with modern luxury detailing
• Twin-tower form connected at podium level, creating an integrated mixed-use environment
• LEED Gold-certified sustainable design and engineering

The Waldorf Astoria Dubai DIFC occupies floors 18 through 55 of the tower, creating a unique living environment where residential owners share a building with one of the world's most prestigious hotel brands.

Location: Dubai International Financial Centre

DIFC is an independently regulated 110-acre financial district with its own legal and regulatory framework based on common law, administered through the Dubai Financial Services Authority (DFSA) and the DIFC Courts — an English-language jurisdiction for civil and commercial disputes. Established in 2004, DIFC hosts global corporations, banks, law firms, hedge funds, and financial services companies, creating one of the highest-income professional tenant pools in the Middle East.

Key Landmarks Within DIFC:

• The Gate Building: The iconic arch-shaped landmark at the heart of DIFC
• Gate Village: A cluster of buildings housing fine-dining restaurants, art galleries, cafes, and outdoor terraces with skyline views
• Gate Avenue: A retail and dining promenade connecting DIFC buildings
• Hotels: Waldorf Astoria (in Burj Daman), Ritz-Carlton DIFC, Four Seasons DIFC

Proximity from Burj Daman: | Destination | Distance / Time | |-------------|----------------| | DIFC Gate Building / Gate Village | Walking distance | | Dubai Mall | ~6 minutes (1.3 miles) | | Burj Khalifa | ~9 minutes (1.6 miles) | | Dubai Fountain | ~10 minutes | | Zabeel Palace | ~8 minutes | | Financial Centre Metro Station | ~6 minutes | | Emirates Towers Metro Station | ~6 minutes | | Dubai International Airport (DXB) | ~15-20 minutes |

The building connects to Gate Avenue and the wider DIFC pedestrian network, offering walkable access to the financial district's restaurants, galleries, retail, and professional services.

Comprehensive Amenities

Residential Facilities:

• Swimming pool with views of Burj Khalifa and Zabeel Palace
• Fully equipped gymnasium
• Squash court
• Spa and health club
• Kids' club and daycare facility
• BBQ area
• Children's play area
• Mosque / prayer room
• 24/7 concierge services
• 24/7 security with CCTV surveillance
• High-speed elevators
• Pet-friendly building policy

Parking:

• 2,360 total parking spaces
• Automated vehicle stacking system (876-car capacity)

Waldorf Astoria Dubai DIFC (within the building):

• 275 luxury rooms and suites (floors 18-55)
• Bull & Bear: Signature steakhouse on Level 18 with panoramic Burj Khalifa views, inspired by the original at Waldorf Astoria New York
• Peacock Alley: Elegant lounge serving afternoon tea, pastries, and cocktails
• St Trop: Rooftop lounge with pool, whirlpool, and timber decking inspired by Saint-Tropez
• Business centre and ballroom
• Fitness centre and spa

Nearby Dining and Retail:

• Zuma, The Cheesecake Factory, Texas Roadhouse, P.F. Chang's
• Choithrams, Al Maya, ZOOM, Spinneys supermarkets

Unit Types, Configurations, and Pricing

1-Bedroom Apartments (889 – 1,300 sq ft)

• Master bedroom with en-suite bathroom
• Guest bathroom
• Built-in wardrobes
• Fully equipped kitchen
• Floor-to-ceiling windows
• Current Market Price: Up to AED 4.0M for premium units
• Annual Rental: AED 79,000 – AED 110,000

2-Bedroom Apartments (1,596 – 1,798 sq ft)

• Two bedrooms with en-suite bathrooms
• Guest bathroom
• Fully equipped kitchen
• Floor-to-ceiling windows
• Current Market Price: ~AED 5.2M for premium units
• Annual Rental: AED 115,000 – AED 150,000

3-Bedroom Apartments (2,053 – 2,153 sq ft)

• Three bedrooms with en-suite bathrooms
• Guest bathroom
• Full kitchen
• Floor-to-ceiling windows
• Current Market Price: AED 6.3M – AED 7.6M
• Annual Rental: AED 300,000 – AED 500,000 (DIFC community range)

Duplexes and Penthouses are also available in limited inventory at premium pricing above the 3-bedroom range.

Developer Profile: Daman Investments

Daman Investments was founded in 1998 as a non-banking financial services company, headquartered in Dubai. The firm operates under the umbrella of the Gargash Group, a prominent UAE business family active since 1918, with founding Chairman Shehab M. Gargash providing institutional governance. Daman's services span advisory, asset management, brokerage, wealth management, investment banking, and real estate through its dedicated arm, Daman Real Estate Capital Partners.

Burj Daman represents the firm's flagship real estate development, demonstrating the group's capacity to deliver institutional-grade, mixed-use developments within premium locations. Under current leadership, Daman has expanded into new sectors, secured major M&A mandates, and achieved over 100% growth in profitability.

Investment Potential and Market Analysis

Burj Daman's investment profile benefits from DIFC's status as Dubai's highest-income district with the most consistent rental demand over the past decade:

Rental Yields (Burj Daman): | Unit Type | Gross ROI | |-----------|----------| | 1-Bedroom | ~6.5% | | 2-Bedroom | ~5.6% | | 3-Bedroom | ~5.0% |

DIFC Community Averages:

• Studios: ~6.86% gross yield
• 1-Bedroom: ~6.57% gross yield
• 2-Bedroom: ~5.89% gross yield
• 3-Bedroom: ~4.33% gross yield
• Ready properties net ROI: 4.8% – 6.2%

DIFC apartment prices rose approximately 10% in 2025 alone, with the district commanding premium pricing above Dubai's city-wide average of approximately AED 1,769 per square foot (Q2 2025). The Waldorf Astoria's presence within Burj Daman adds a hospitality premium to the building's brand positioning, while the DIFC's independent legal jurisdiction, world-class infrastructure, and high-income professional tenant base ensure sustained demand and rental consistency.

Properties valued above AED 2 million qualify owners for the UAE's 10-year Golden Visa, while the freehold ownership structure provides full ownership rights to foreign nationals.