DAMAC Properties is an Emirati property development company, based in Dubai, in the United Arab Emirates.
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18 Facts About DAMAC Properties
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DAMAC Properties operates internationally providing residential, commercial and leisure properties and has presence in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iran, Oman, and the United Kingdom.
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Company was established on 28 January 2002, and is part of the DAMAC Group, formed in 1982, by Hussain Sajwani, the owner and chairman.
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In December 2013 DAMAC Properties became the first real estate company from the Middle East to list on the London Stock Exchange through a global depository receipts programme.
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DAMAC Properties Lagoons is a project launched in 2022 as a water-inspired off-plan community located in the Dubailand area.
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DAMAC Properties Hills is a golf community development located in Dubailand.
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DAMAC Properties Hills, built around the 18-hole Trump International Golf Club Dubai, was named "Best Golf Development in the World" at the International Property Awards in London in recent years; and in 2016 received a "highly commended" recognition for Best Golf Development in the Africa and Arabia Property Awards hosted in Dubai.
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DAMAC Properties signed a £200 million contract with Lendlease in 2016 to build one of London's tallest residential towers.
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In 2019 DAMAC Properties completed the development of named Ghalia, a project with 727 apartments in a Sharia-compliant development, located in the Jumeirah Village Circle in Dubai.
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In 2019, DAMAC Properties announced the launch of its new project, Zada, an accessible luxury offering in Dubai's Business Bay area.
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In 2014, DAMAC Properties launched, DAMAC Hills 2, a golf community in Dubailand covering 55 million square feet.
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DAMAC Properties is known to support the campaigns of His Highness Sheikh Khalifa bin Zayed Al Nahyan, president of the UAE, and the efforts of the UAE Red Crescent, including a donation of AED 2 million to the "clothe a child" campaign, AED one million to the UAE Suqia programme and a further AED 1 million to help build a high-tech care facility for the Dubai Autism Centre.
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In 2014, DAMAC Properties Heights won the "Best International Residential High-rise Architecture" at the International Property Awards.
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In 2015, DAMAC Properties donated AED 1 million to the UAE Red Crescent, who was then delivering aid to support refugees in Jordan and Lebanon hit by the "Huda" across the Levant region.
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In February 2020, Hussain Sajwani, on behalf of the Hussain-Sajwani-DAMAC Properties Foundation pledged AED3 million towards the construction of the Magdi Yacoub Global Heart Centre in Egypt during the grand finale of the Arab Hope Makers 2020.
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In 2020, DAMAC Properties won the International Business Magazine award for "Most Socially Responsible Real Estate Company UAE".
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