For nearly two decades, DAMAC Properties has been at the forefront of significant real estate developments across the Middle East. Shaping the premium property market, the company has established a presence in the UAE, Jordan, Saudi Arabia, Qatar, Turkey, Lebanon, and the UK. With over 35,000 completed projects and another 30,000 currently underway as of June 30, 2021, DAMAC Properties continues to redefine urban landscapes.
Founded in 2002, DAMAC seized the opportunity presented by the Dubai government’s decision to open the real estate market to international investors, granting them freehold rights. Under the visionary leadership of founder Hussain Sajwani, DAMAC’s mission is to transform the UAE into a global hub for trade, hospitality, and lifestyle.
DAMAC Properties operates through three subsidiaries: DAMAC Maison, DAMAC Properties Development Co LLC, and DAMAC Real Estate Limited Development. The company made its debut on the London Stock Exchange (LSE) in 2013, marking a significant milestone in its journey towards global recognition and investment appeal. In 2018, DAMAC Properties became a member of the Middle East Investor Relations Association, dedicated to enhancing the efficiency, reputation, and attractiveness of capital markets in the region.
Today, DAMAC Properties stands as one of the largest licensed real estate development companies in the UAE. Beyond its commercial success, the company is renowned for its philanthropic endeavors, supporting campaigns led by His Highness Sheikh Khalifa bin Zayed Al Nahyan and providing assistance to the Emirates Red Crescent, the UAE branch of the International Federation of Red Cross and Red Crescent Societies.
For years, the developer has been actively contributing to various charitable causes. In April 2020, the Hussain Sajwani-DAMAC Foundation generously donated AED 1,000,000 (USD 272,300) to provide essential food supplies to those affected by the COVID-19 pandemic in the UAE. Founded as a joint initiative of DAMAC Group and its founder, Hussain Sajwani, the Foundation is dedicated to enhancing skills and fostering economic and social participation among the population.
In 2018, DAMAC Properties solidified its commitment to international hospitality cooperation by signing an agreement with DICO International. Through strategic partnerships with globally renowned brands such as Versace Home, Roberto Cavalli, Paramount Hotels & Resorts, Fendi Casa, Rotana, Trump Organization, and Radisson, DAMAC Properties continues to elevate the standards of luxury living.
Acknowledging its unwavering dedication to corporate social responsibility, DAMAC Properties was honored as the most socially responsible real estate company in the UAE by International Business Magazine in 2020. Today, DAMAC Properties remains at the forefront of real estate development in the country, setting new benchmarks for excellence and social impact.
The portfolio of the developer includes both completed projects and units under construction. Some of the most iconic DAMAC Properties for sale are:
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