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Developers
We are leveling up our digital footprint. Stay tuned for a better experience :)
Damac Properties
- 47 Ongoing Projects
- 173 Projects Completed
Overview
DAMAC Properties is a branch of the DAMAC Group that has been developing exceptional residential, commercial, and leisure properties across the Middle East and beyond since 1982. The founder and chairman of DAMAC Properties, Hussain Sajwani, established this high-end real estate business in 2002.
DAMAC Group has been awarded more than 100 honors and accolades from around the world for its expertise in high-rise architecture, interior design, hospitality, and global golf course developments. DAMAC Properties represents luxury and extravagance and has set new standards in quality and design, as evidenced by prominent worldwide property awards. Whether it’s high-rise penthouses in Dubai or Versace-branded properties in Saudi Arabia and Lebanon, DAMAC Properties has consistently delivered exceptional craftsmanship and grandeur throughout the Middle East.
DAMAC Group has an extensive and diverse portfolio that encompasses towers, communities, and branded apartments, bringing life to the areas where its projects are located. As of June 30, 2022, DAMAC Properties has produced and delivered 42,000 high-quality properties, with 28,000 more in the pipeline.
Dubai’s government legalized freehold ownership in 2002, allowing foreign investors to enter the real estate industry. The year after its incorporation, DAMAC Properties acquired land in the Dubai Marina area for its first project, and since then, it has become synonymous with legendary developments that have set new standards for design, craftsmanship, and inspired living.
DAMAC Properties has earned a reputation for excellence through decades of unwavering commitment. It has consistently adhered to the maxim of sound design and focused on the little things that make a property unique. The DAMAC brand is now recognized worldwide, from Saudi Arabia to London, and its popularity has led DAMAC Properties to enter the branded residences market, increasing the potential for the group’s future profitability. It has partnered with well-known brands such as Versace Home, Paramount Hotels and Resorts, Just Cavalli, Rotana Hotels, and the Radisson Group.
Office locations
Head office:
Dubai:
- DAMAC Properties Dubai PJSC, PO Box 2195, Dubai, UAE
Other addresses:
Riyadh - Saudi Arabia:
- DAMAC Towers, Riyadh South Tower, Olaya District, King Fahd Road, PO Box 102460, Riyadh, Saudi Arabia
Doha - Qatar:
- Building number – 90-820, Zone 40, Ali bin Talib Street, New Salata, PO Box 18223, Doha, Qatar
Lebanon:
- DAMAC Properties Lebanon SAL Unit 1801, 18th Floor DAMAC Tower Omar Daouk Street Mina El Hosn, Beirut Central District, Lebanon.
Jordan:
- Al Istithmar Street Abdali Project Amman Opposite Abdali Mall Gate #1, Jordan.
Shanghai - China:
- Room 803, 8th Floor, Building 2 1266 West Nanjing Road Jing’an District, Shanghai, PO Box 200040, China.
Leadership
The international real estate development company, DAMAC Properties, was founded and is chaired by Hussain Sajwani, who is a UAE national. Sajwani is a self-made billionaire who has received multiple awards and has been recognized as one of the most influential Arabs.
Founder and Chairman
Why choose Damac Properties?
DAMAC Properties is a reliable real estate developer for various reasons and factors, such as its extensive and impressive portfolio of real estate projects, ranging from apartments to hotels and resorts.
Since its establishment in 2002, DAMAC Properties has delivered more than 32,000 properties, and the company has scheduled the completion of 34,000 houses starting from December 2020.
Compared to its competitors, DAMAC Properties has a higher and more robust sales volume, which leads to increased profitability.
DAMAC Properties is the dominant player in the premium property market in Dubai, with a high demand for luxury residential properties.
The company is strongly committed to increasing profitability and return on equity through exceptional planning and decision-making techniques.
DAMAC Group offers comprehensive in-house design, sales, production, hospitality, and service expertise.
DAMAC Group has a payment plan with fully paid acreage and no debt. It uses the installment payments earned from sales to pay for construction expenditures.
The advantage of investing in a DAMAC property is that it provides freehold ownership, allowing you to live in your villa or apartment indefinitely.
Awards & Recognition
DAMAC Properties, based in Dubai, continues to expand its operations, having received over 100 awards and recognitions from various parts of the world for its widespread popularity and timely delivery of upscale real estate projects. Its achievements range from interior design and high-rise architecture to excellence in hospitality and international golf course communities.
The Real Estate Regulatory Agency (RERA) of the Dubai Land Department has acknowledged DAMAC Properties’ community management division, LOAMS, for its exceptional management of its communities and properties.
The Luxury Owners Association Management Company LLC (LOAMS) of DAMAC Properties won two major awards at the International Real Estate Community Management Summit:
Moreover, DAMAC has previously received significant honors such as:
Frequently Asked Questions (FAQs)
What are the best projects by Damac Properties?
DAMAC Properties has introduced an extensive collection of high-end real estate properties in Dubai. Some of the well-known projects that they have developed include DAMAC Maison Prive, Bay’s Edge, DAMAC Towers by Paramount Hotels & Resorts, The Waves, DAMAC Heights, Marina Heights, Emirates Garden, Tuscan Residences, Ghalia Constella, Lake Terrace, DAMAC Hills, Akoya by DAMAC, and more.
What countries does Damac Properties operate in?
DAMAC Properties has a global presence and operates in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iran, Oman, and the UK. The company offers a range of properties, including residential, commercial, and recreational, worldwide.
Who is the owner of Damac Properties?
Hussain Sajwani, a UAE national, is the owner and founder of DAMAC Properties.