Damac Properties
To date, Damac Properties has completed over 32,000 residential units across various master-planned communities, including Damac Hills, Damac Hills 2, and Damac Lagoons. The company is also known for its off-plan developments, offering attractive options in the property market.
Damac Properties
Year of establishment: 2002Objects on the map
Projects by the developer
Natura
Natura is a collection of 439 townhouses in the gated community of Damac Hills 2. The facades of the three-story residences are adorned with white and light gray stone tiles with accents of horizontal and vertical brown lattice inserts
Autograph Collection
Autograph Collection is a collection of 50 villas in the prestigious DAMAC Hills community. The area is known for the azure Malibu Bay wave Pool, the Trump International Golf Club, as well as four million square feet of lush parkland
Amargo
Amargo is a cozy community in Damac Hills 2, designed for those, who value peace and privacy. Bright minimalist facades, thoughtfully designed layouts, and private gardens create a harmonious living environment, away from the bustle of the city
Damac Islands
Damac Islands is a collection of luxurious townhouses and villas in the Dubailand area, where your window view opens not to city traffic but to turquoise lagoons, white sand, and the gentle rustle of palm trees
Harbour Lights
Harbour Lights is a 52-story high-rise oasis of comfort located in the Dubai Maritime City area, right on the bay, where the city fades into the clear blue of the sea
DAMAC District
The vibrant energy of the metropolis and the serenity of a resort have found their perfect balance in DAMAC District — a striking highlight within the premium DAMAC Hills community
Morocco
Morocco is a collection of villas and townhouses in a beautiful Mediterranean-inspired residential development — Damac Lagoons
Golf Gate 2
Golf Gate 2 is a modern oasis in the heart of the DAMAC Hills area — a place designed to make you feel like you are living at a resort every single day
Canal Heights
Canal Heights is a place where the city meets nature, and every detail reflects luxury and refined taste
Utopia
Utopia is a collection of contemporary villas in Damac Hills 1 with over 40 million square feet of living space
FAQ
Who is DAMAC Properties?
When was DAMAC Properties founded?
The developer was founded in 2002 by Hussain Sajwani.
Who is the founder and current owner of DAMAC Properties?
Hussain Sajwani is the founder, chairman, and owner of this development company. He took the company private in 2022 at a valuation of $2.1 billion after it was previously listed on Dubai Financial Market.
Who is the current CEO of DAMAC Properties?
Aman Gusain serves as the CEO of the developer, while Hussain Sajwani remains the Executive Chairman.
What are DAMAC Properties' most famous projects?
This developer's renowned projects include Trump International Golf Club Dubai, AKOYA Oxygen, DAMAC Hills, DAMAC Towers at Business Bay, DAMAC Lagoons, and the upcoming DAMAC Islands. The company is also known for collaborations with luxury brands.
What subsidiary companies does DAMAC have?
This developer is part of The DAMAC Group of Companies, which includes various subsidiaries across real estate development, hospitality management, and other business verticals spanning multiple countries.
What is DAMAC Properties' company valuation?
The developer has a current market capitalization of approximately AED 8.47 billion ($2.31 billion), with the company maintaining approximately $5 billion in cash reserves.
Can I trust DAMAC Properties when buying property?
Yes, this established developer has over 20 years of experience and has delivered more than 25,000 homes globally. The company has a strong financial position with billions in cash reserves and a proven track record of completing luxury developments on time.
