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
Lagoon Views 13
Lagoons Views 13 is a corner of Mediterranean luxury in the heart of the Damac Lagoons community, where every day is filled with a resort atmosphere
Monte Carlo at Damac Lagoons
Monte Carlo is a collection of townhouses in Damac Lagoons. Mediterranean-inspired townhouses are surrounded by rich experiences in the form of aqua opera schoolhouse pavilion and vintage car museum
Damac Towers by Paramount
Damac Towers by Paramount is a complex of four bright skyscrapers in the prestigious Business Bay area in the centre of Dubai, next to Dubai Creek, the tallest building in the world Burj Khalifa, the fountain park, and the large Dubai Mall
DAMAC Bay 2 by Cavalli
DAMAC Bay 2 by Cavalli is a complex of two 54-storey towers for 518 units in the premium area of Dubai Marina. The project is designed by one of the most iconic developers Damac together with the world famous fashion house Cavalli
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
Lagoon Views
Lagoon Views is an elegant residential complex located in the picturesque Damac Lagoons community. The project consists of six separate buildings, whose architecture is done in a Mediterranean style
Aeternitas
Aeternitas is an exclusive residential development towering 450 meters above the Dubai Marina. Developed jointly with Swiss luxury watch brand Franck Muller, Aeternitas will be the world's tallest branded project with a clock on the facade
Riverside Views
Riverside Views is a true oasis in the dynamic city of Dubai, where nature and modern architecture merge in perfect harmony
DAMAC Maison Distinction
Damac Maison Distinction is a 54-storey residential tower with hotel services from the renowned hotel brand Damac Maison. The modern 195-meter-high skyscraper with a podium is located in Downtown with its famous landmarks and mesmerizing energy
Loreto
Loreto is a residential development in the Damac Hills neighborhood, consisting of three 8-story buildings located at the entrance to the community. Two blocks are connected by a podium with a pool area for relaxing on sunny days
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.
