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
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
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
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
Riverside Views
Riverside Views is a true oasis in the dynamic city of Dubai, where nature and modern architecture merge in perfect harmony
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
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
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
Golf Greens
Golf Greens is a collection of three towers rising from the lush greenery of the golf course, seamlessly blending into the landscape of the Damac Hills area, where architecture and nature are intertwined in perfect harmony
Damac Island 2
Damac Island 2 is a collection of villas and townhouses set within the rapidly developing Damac Island community. The minimalist architecture embodies an elegant aesthetic where clean lines and balanced proportions create a sense of lightness
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.
