Damac Properties is a premier residential, leisure, and commercial real estate developer headquartered in Dubai, UAE. Founded in 2002, Damac has played a pivotal role in transforming Dubai’s skyline with luxury developments. Known for its luxury properties, the company has contributed to some of the most iconic real estate landmarks in the region. Damac’s real estate portfolio includes high-profile developments in prestigious areas such as Dubai Marina, Downtown Dubai, Business Bay, JLT, Jumeirah Village Circle, and DIFC.
Overview
- Founded: 2002
- Headquarters: Dubai, UAE
- Industry: Real Estate Development
- Focus: Residential, leisure, and commercial developments
- Key Markets: UAE, Saudi Arabia, Qatar, Jordan, Lebanon, United Kingdom
- Notable Projects: Damac Hills, Akoya Oxygen, Damac Maison, Paramount Hotels & Residences
- Specialization: Luxury real estate with branded collaborations
Team of the Company
CEO
Hussain Sajwani
Hussain Sajwani is the founder and CEO of Damac Properties, with over 20 years of experience in the real estate and construction sectors. Under his leadership, Damac has grown to become one of the most prominent real estate developers in the Middle East. He is known for his entrepreneurial acumen and vision, particularly in luxury real estate and global collaborations with high-end brands like Versace and Fendi.
Chairman
Hussain Sajwani
In addition to being the CEO, Hussain Sajwani serves as the Chairman of Damac Properties. He has been instrumental in the company’s strategic direction, including its global expansion and its partnerships with luxury brands. His leadership has shaped Damac’s identity as a leading luxury developer in the region and internationally.
Projects of the Company
Damac Hills
Damac Hills is a self-contained, luxury community offering villas, apartments, and the world-famous Trump International Golf Club Dubai. This development is designed for residents who seek a premium lifestyle, combining world-class facilities, green spaces, and golf course views.
Akoya Oxygen (Damac Hills 2)
Akoya Oxygen is an eco-friendly, green-themed development focusing on sustainability and resort-style living. The project features villas, townhouses, and apartments surrounded by parks, lakes, and golf courses, offering a tranquil living environment for families.
Damac Maison
Damac Maison is a luxury serviced hotel apartment concept, located in key business hubs in Dubai. These high-end residences offer residents world-class amenities and services, making them ideal for those seeking the utmost in luxury living and convenience.
Paramount Hotels & Residences
This Hollywood-inspired luxury hotel and residential tower in Dubai combines entertainment with luxury living. Designed in collaboration with Paramount Pictures, the development features premium residences, entertainment spaces, and luxury services.
Operating Model
Damac Properties operates as a fully integrated developer, handling every aspect of real estate development, from design to construction and delivery. The company’s business model focuses on luxury living and offering branded properties, with strategic collaborations with high-end brands like Versace, Cavalli, Fendi, and Paramount. Damac’s expertise in luxury development ensures high returns on investment and long-term value for residents and investors alike.
Conclusion
Damac Properties continues to be a leader in luxury real estate development, with a reputation for delivering iconic, world-class properties across the UAE and internationally. With a focus on high-quality, branded developments in prime locations, Damac stands as a trusted name in the real estate industry. Whether for residential, leisure, or commercial purposes, Damac's innovative projects ensure exceptional living experiences and high returns for investors.
