Damac Properties

DAMAC Properties is a division of the DAMAC Group, creating landmark residential, commercial, and recreational properties throughout the Middle East and beyond since 1982. Hussain Sajwani, the founder and chairman of DAMAC Properties, is the mastermind behind this top-tier real estate business, established in 2002.

DAMAC Group has won over 100 honours and accolades from around the world for high-rise architecture and interior design to proficiency in hospitality and global golf course developments. Spanning seven nations, DAMAC Properties epitomises opulence. The developer raises the bar for quality and design with prominent global property awards. Whether high-rise penthouses in Dubai or Versace-branded properties in Saudi Arabia and Lebanon, DAMAC Properties has pushed the envelope for craftsmanship and grandeur throughout the Middle East.

With a vast and varied portfolio that includes towers, communities, and branded apartments, DAMAC Group brings life to the areas where its projects are based. As of June 30, 2022, DAMAC Properties have produced and delivered 42,000 high-quality properties and 28,000 more in the pipeline.

By legalising freehold ownership in 2002, Dubai's government allowed foreign investors to enter the real estate industry. The year after its incorporation, DAMAC Properties bought land in the Dubai Marina region for its maiden project. From then, DAMAC has evolved to be associated with legendary developments that have raised the bar for design, craftsmanship, and inspired living.

Due to decades of unwavering excellence, DAMAC Properties maintains a reputation of confidence. They have persistently adhered to the maxim of sound design and focus on the little things that make a property unique. The DAMAC brand is now well-known in markets worldwide, from Saudi Arabia to London. Owing to its popularity, DAMAC Properties has entered the market for branded residences, increasing the likelihood of the group's future profitability. It has partnered with well-known labels, including Versace Home, Paramount Hotels and Resorts, Just Cavalli, Rotana Hotels, and the Radisson Group.

Numerous reasons and factors lead to choosing DAMAC Properties as a trusted real estate developer. These include -

• DAMAC Properties has an extensive and impressive portfolio of real estate projects - from apartments to hotels and resorts.
• DAMAC Properties has had an exceptional deliverable of more than 32,000 properties since its founding in 2002. DAMAC Group has 34,000 houses scheduled for completion starting in December 2020.
• DAMAC has a higher and stronger sales volume than its adversaries, which leads to higher profitability.
• With a high demand for luxury residential properties, DAMAC Properties, Dubai is the dominant player in the premium property market.
• The company is profoundly dedicated to increasing profitability and return on equity through exceptional planning and decision-making techniques.
• They offer comprehensive in-house design, sales, production, hospitality, and service expertise.
• DAMAC Group offers a plan with fully paid acreage and no debt. It uses the instalment payments it earns from sales to pay for construction expenditures.
• The benefit of purchasing a property in DAMAC is that it possesses freehold ownership, permitting you to live in your villa or apartment until the end.