DAMAC Properties has topped out its Dh243 million Harbour Lights tower in Dubai Maritime City, with the 52-storey waterfront development moving into internal and external finishing works ahead of a planned 2027 handover. The ceremony marked the final concrete pour on the roof floor slab, with substructure works already complete.
Mohammed Tahaineh, Chief Project Officer at DAMAC Properties, told Gulf News that the developer’s construction pipeline has avoided any major hit from recent supply chain pressure, helped by the UAE’s port and logistics response. ‘People are saying there are supply constraints, but I think in the UAE, and especially in Dubai, the government has made a lot of effort to make sure there are no disruptions in the supply chain,’ he said. ‘They opened Khor Fakkan and Fujairah, so it is then a matter of how developers manage between themselves and their suppliers.’
The disruption did not translate into project delays for DAMAC. Tahaineh said the company initially expected some pressure, but did not feel a major impact across its developments. ‘The authorities are always supporting us. Honestly, we did not feel any major impact. Maybe at the beginning we thought it could happen, but we did not feel it, and it did not affect any of our projects,’ he said.
Harbour Lights will have 294 apartments, five podium levels, retail space, and amenity floors on level 52. The tower will also feature an infinity pool, a gym, steam and sauna facilities, with views of the Arabian Gulf and Dubai coastline. At approximately 200 metres above ground level, DAMAC says it is the tallest tower under construction in Dubai Maritime City.
Tahaineh said buyer appetite for luxury homes in Dubai remains strong, supported by pricing that still compares favorably with other global cities. ‘If I compare the selling rates for luxury real estate in Dubai with Europe, New York or other developed cities, Dubai is always lower, especially when you compare luxury,’ he said. ‘The level of quality and the products that Dubai and Dubai developers are offering are much higher, while prices are lower, in my view.’ He expects the attraction for luxury products to remain strong and become even stronger.
DAMAC started handing over units at its Lagoons project at the beginning of this year and has completed about 5,500 to 6,000 completion certificates so far. ‘People are buying, people are moving,’ Tahaineh said. ‘All our customers are waiting for us to hand over their units. Because of the huge number, our policy is that customers must receive their units with the quality they are expecting.’ Harbour Lights will now move through the finishing stage before its scheduled 2027 handover, adding another luxury waterfront tower to Dubai Maritime City’s residential pipeline.
