Dubai Marina
Vibrant waterfront community with a breathtaking skyline, active nightlife, and a convenient location.
Damac Properties
- Projects 74
- Founded 2002
- Price from $85,000
Damac Properties Story
Damac Properties is a Dubai-based real estate development company operating in the luxury real estate market since 2002. As part of the Damac Group, Damac Maison, based in Dubai, is inspired by the iconic fashion brand, with sleek designs and high-end finishes. founded by Hussain Sajwani, the company has built a solid reputation with projects spread across the UAE, Saudi Arabia, Qatar, Lebanon, and the United Kingdom. Its portfolio includes luxury homes are part of Damac Capital's extensive property development in the UAE., office buildings, and Damac Hotels and Resorts, catering to discerning clients seeking high living and business environments.
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.
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Projects by Damac Properties
Apartments
Amora
-
ReadyHandover
from $90 000
Damac Hills
Apartments
Aykon City
from $190 000
Business Bay
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Frequently Asked Questions
Who is DAMAC Properties?
This prominent developer is an Emirati luxury real estate development company based in Dubai, founded in 2002 by Hussain Sajwani. It's one of the leading private developers in the Middle East, known for luxury residential, commercial, and leisure 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.
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