DAMAC Properties has completed the superstructure of Harbour Lights, a 52-storey waterfront tower in Dubai Maritime City, marking a milestone in the developer’s construction pipeline despite recent concerns about supply chain disruptions in the region. The Dh243 million tower is now the tallest building in Maritime City at approximately 200 metres above ground level.
Mohammed Tahaineh, Chief Project Officer at DAMAC Properties, told Gulf News that the company’s construction pipeline avoided any major hit from recent supply chain pressure, helped by the UAE’s port and logistics response. He said developers had to manage their suppliers and transport plans more closely, but available routes through Khor Fakkan and Fujairah helped keep projects moving.
‘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,’ Tahaineh 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, which initially expected some pressure but did not feel a major impact across its developments.
The topping out ceremony marked the final concrete pour on the roof floor slab, with substructure works already complete. 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. The project has now moved into internal and external finishing works ahead of a planned 2027 handover.
Tahaineh said buyer appetite for luxury homes in Dubai remains strong, supported by pricing that still compares favourably 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. He added that the level of quality and products that Dubai developers are offering is much higher, while prices remain lower.
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.’ The company is focused on delivering units with the quality customers expect, given the large volume of handovers.
The Harbour Lights project is positioned as a luxury waterfront development with access to key business and leisure destinations, including La Mer Beach, Dubai Creek, Burj Khalifa and Dubai Mall. The tower’s location in Dubai Maritime City is one of its main selling points, offering residents waterfront living with proximity to central Dubai.
Dubai’s real estate market continues to see buying and handover activity, with luxury properties remaining attractive to investors. The market has shown resilience despite concerns around supply chains and broader sentiment, and developers like DAMAC are pressing ahead with their delivery schedules.
